In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Mint Condition franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Mint Condition franchise, based on Items 5 and 6 of the company’s 2023 FDD
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.Section III – Number of franchised and company-owned Mint Condition outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD
Section IV – News updates on the Mint Condition franchise opportunity
Section V – Presentation and analysis of Mint Condition’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 average total gross billings, total service revenue, total service revenue fees, unit franchise fees, periodic services gross profit, supplies sales gross profit, and total gross profit for the top 50%, bottom 50%, and all 10 Mint Condition master franchise territories (1 affiliate-owned and 9 franchised) that have been operating for at least one year as of December 31, 2022
Section VI – Key ratios, comparables, computations, and analyses for the Mint Condition franchise opportunity (exclusive content for Platinum subscribers)
Section I – Mint Condition Franchise Costs
- Mint Condition franchise costs (master franchise), based on Item 7 of the company’s 2023 FDD:
- Initial Master Franchise Fee: $84,000 to $588,000
- Initial Office Supplies: $700 to $1,000
- Initial Franchise Supplies: $500 to $650
- Initial Rent and Deposit: $1,400 to $2,000
- Office Furniture and Equipment: $1,400 to $3,000
- Printing: $1,225 to $1,730
- Permits, Licenses, and Fees: $600 to $1,700
- Insurance Deposits: $1,330 to $1,600
- Legal Fees: $2,350 to $4,600
- Travel for Initial Training: $3,700 to $5,200
- Computer Software: $2,200 to $6,000
- Computer Hardware: $3,000 to $3,500
- Telephone System: $200 to $450
- Technology Fee: $840 to $1,000
- Marketing for Individual Franchised Businesses (1st 3 Months): $3,750 to $6,750
- Marketing for New Commercial Accounts (1st 3 Months): $5,400 to $8,100
- Additional Funds (3 Months): $5,000 to $30,000
- Total Estimated Mint Condition Franchise Costs (Master Franchise): $117,595 to $665,280
Section II – Mint Condition’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Mint Condition’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Master Franchise Fee: $84,000 (for 1,000,000 population) to $588,000 (for 7,000,000 population)
- Royalty Fee: the greater of 4% of Gross Monthly Revenues or the minimum monthly fee
- Placement Fee: 8% of the monies received by Master Franchise Owner for sale of unit franchise and/or transfer or Successor Agreement fee
- National Advertising Fund: 0.75% of Gross Monthly Revenue
- Marketing for Individual Franchised Businesses: $1,250 per month
- Marketing for New Commercial Accounts: $1,800 per month
Section III – Number of Franchised and Company-Owned Mint Condition Outlets
Franchised
2020
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
Every month we feature 6 standout franchises that could be the opportunity you've been looking for, each evaluated on disclosed financials and matched to the type of buyer most likely to succeed with it. Can't attend live on October 27 at 6PM EST? Register now and we'll send you the full recording the next day. Reserve your spot here.- Outlets at the Start of the Year: 11
- Outlets at the End of the Year: 9
- Net Change: -2
2021
- Outlets at the Start of the Year: 9
- Outlets at the End of the Year: 10
- Net Change: +1
2022
- Outlets at the Start of the Year: 10
- Outlets at the End of the Year: 10
- Net Change: 0
Company-Owned
2020
- Outlets at the Start of the Year: 1
- Outlets at the End of the Year: 1
- Net Change: 0
2021
- Outlets at the Start of the Year: 1
- Outlets at the End of the Year: 1
- Net Change: 0
2022
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.- Outlets at the Start of the Year: 1
- Outlets at the End of the Year: 1
- Net Change: 0
Section IV – News Updates on the Mint Condition Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Mint Condition Franchise (Item 19, 2023 FDD)
- Mint Condition has compiled the following information from the internal, unaudited reporting of total Gross Profits from its Master Franchise Owners, which revenue is derived from the fees that are collected by them from their various Unit Franchise Owners located within the geographic territory granted to them. These fees were reported to Mint Condition for the fiscal year 2022.
- The financial information from Mint Condition’s affiliate-operated Master Franchise Business located in Charlotte, North Carolina is collected from its own internal reporting of Gross Sales in the same manner as that obtained by the Master Franchise Owners set forth in the chart below.
- Mint Condition has included the results of its Master Franchise Business that is owned and managed by it or its affiliate(s) with the results of the Master Franchises owned by individual Master Franchise Owners.
- A Master Franchise that is owned by a Master Franchise Owner is operated in the same manner that Mint Condition operates its Master Franchises. Mint Condition’s Master Franchise Owners account for the fees received by the Master Franchise Owner from the sale of Unit Franchises and their operations in the same manner as Mint Condition does.
- Specifically, Mint Condition accounts for its revenues for its Master Franchises in the same manner as its Master Franchise Owners. Mint Condition also uses the same methods as its Master Franchise Owners to solicit clients for unit franchisees.
- Mint Condition has not verified these sales results beyond the receipt of them from its Master Franchisees.
- Mint Condition has grouped each Master Franchise Owner by the market in which it operates its Master Franchise Business. Each territory is granted to the Master Franchise Owner based on the population of the market granted.
- Each Master Franchise represented below has been operating for at least one year, and Mint Condition has excluded one Master Franchise which has been operating for less than one year as of December 31, 2022.
- The table also includes the number of active franchisees within the territory of a Master Franchisee and the average of the gross profits per Master Franchisee.
System-Wide
- Number of Territories: 10
- Average Total Gross Billings: $1,628,529 (100.0%)
- Average Total Service Revenue: $1,394,241 (85.6%)
- Average Total Service Revenue Fees: $410,194 (25.2%)
- Average Unit Franchise Fees: $50,247 (3.1%)
- Average Periodic Services Gross Profit: $67,162 (4.1%)
- Average Supplies Sales Gross Profit: $16,603 (1.0%)
- Average Total Gross Profit: $544,206 (33.4%)
Top 50%
- Number of Territories: 5
- Average Total Gross Billings: $2,715,531
- Average Total Service Revenue: $2,310,080
- Average Total Service Revenue Fees: $676,628
- Average Unit Franchise Fees: $81,317
- Average Periodic Services Gross Profit: $95,345
- Average Supplies Sales Gross Profit: $32,919
- Average Total Gross Profit: $886,209
Bottom 50%
- Number of Territories: 5
- Average Total Gross Billings: $541,527
- Average Total Service Revenue: $478,401
- Average Total Service Revenue Fees: $143,760
- Average Unit Franchise Fees: $19,176
- Average Periodic Services Gross Profit: $38,979
- Average Supplies Sales Gross Profit: $287
- Average Total Gross Profit: $202,203
- Billings includes, for the period of January 1, 2022 to December 31, 2022, all revenue for any cleaning or maintenance services, whether for contractual services, initial cleans, one-time cleaning services, extra work performed, and/or any other revenue related to, connected with, or derived from the provision of any janitorial, cleaning, and maintenance services, including commercial, industrial, institutional, and other services, whether such services are provided by the Unit Franchise Owners or sub-contractors. It also includes sales of supplies, equipment, or other goods by the Master Franchise Owner.
- Total Service Revenue includes, for the period of January 1, 2022 to December 31, 2022, all revenue derived from the provision of any contractual janitorial, cleaning, and maintenance services, including commercial, industrial, institutional, and other services, whether such services are provided by the Unit Franchise Owners or sub-contractors.
- Total Service Revenue Fees is the total amount received by the Master Franchise Owner paid by its Unit Franchise Owners for Royalty Fees, Accounting Management Fees, Revenue Replacement Fees, Insurance Fees, and Franchise Fees. On every transaction that a Unit Franchise Owner generates, the Master Franchise Owner will receive a Royalty Fee (9%), an Accounting and Management Fee (8%), a Revenue Replacement Fee (9%), and an (optional) Insurance Fee (4%).
- Unit Franchisee Fees include Initial Business Franchise Fees as well as Business Procurement Fees. Under the Unit Franchise Agreement, Master Franchise Owners may offer Unit Franchise Owners the opportunity to perform additional janitorial services to Master Franchise Owners’ customers after the Initial Business obligation of Master Franchise Owners are fulfilled (“Additional Business”).
- Periodic Services Gross Profit includes, for the period of January 1, 2022 to December 31, 2022, all billable and contractual periodic revenue, less the direct expenses paid to Unit Franchise Owners, sub-contractors, and/or other vendors for services and/or floorwork supplies.
- Supplies Sales Gross Profit includes, for the period of January 1, 2022 to December 31, 2022, all customer billable and contractual supplies revenue, less the direct expenses paid to vendors for those supplies. It does not include the initial equipment package nor any supplies provided to Unit Franchise Owners.
- Total Gross Profit is the sum of the Total Service Revenue Fees, Franchisee Fees, Periodic Services Gross Profit, and Supplies Sales Gross Profit. Total Gross Profit does not include any sales taxes that may be required to be paid, depending upon the market where the Master Franchise is located, nor does it reflect the payment of any fees paid to the Franchisor, or the Master Franchise Owner’s annual administrative expenses in operating its Master Franchise.
- In this table, Mint Condition included both its company-owned Master Franchise as well as Master Franchises that are owned by individual Master Franchisees. Mint Condition’s company-owned Master Franchise is located in the Charlotte, North Carolina market.
- Some outlets have earned this amount. Your individual results may differ. There is no assurance you will earn as much.
Section VI – Mint Condition Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.
Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.
Gain
the Insider Information (and Actual Earnings Data) You Need to Make a
Safe and Smart Franchise Investment - See more at:
https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf
The Best of Franchise Chatter
🥇The Most Profitable Franchises of 2026
🥈Franchises Ranked by Average Revenues
🥉Franchises Ranked by Average Profits
🏆Franchise Winners, Survivors & Losers
Subscribe Now or Log In
Franchise Chatter is reader-supported. We may receive a commission for leads generated from affiliate links and banners on our site.
Leave a Reply