In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Maid Right franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Maid Right franchise, based on Items 5 and 6 of the company’s 2023 FDD
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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 Maid Right 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 Maid Right franchise opportunity
Section V – Presentation and analysis of Maid Right’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, median, highest, and lowest gross sales for the 16 Maid Right franchised businesses that operated 12 months consecutively in 2022 (top quartile, median, bottom quartile, and total)
- 2022 revenue by clean type (initial clean, one-time clean, recurring, commercial, move in move out) for the responding Maid Right franchised businesses
- 2022 average job size for the responding Maid Right franchised businesses (top quartile, median, bottom quartile, and total)
Section VI – Key ratios, comparables, computations, and analyses for the Maid Right franchise opportunity (exclusive content for Platinum subscribers)
Section I – Maid Right Franchise Costs
- Maid Right franchise costs, based on Item 7 of the company’s 2023 FDD:
- Franchise Fee: $59,500
- Vehicle: $1,500 to $5,000
- Real Estate and/or Leasehold Improvements: $0 to $3,000
- Equipment and Supplies: $3,500 to $7,000
- Insurance: $2,000 to $5,000
- Signage: $3,000 to $4,000
- Technology Fee: $5,000
- Grand Opening: $2,500 to $5,000
- Training Expenses: $2,000 to $4,000
- Licenses/Bonds: $100 to $1,500
- Professional Fees: $1,500 to $3,000
- Additional Funds (3 months): $17,500 to $40,000
- Total Estimated Maid Right Franchise Costs: $98,100 to $142,000
Section II – Maid Right’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Maid Right’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Franchise Fee: $59,500
- Royalty: 6% of Gross Sales; $150 per week, minimum
- Marketing Fund: 2% of Gross Sales
- Advertising Cooperative Fee: up to greater of $10,000 or 2% of Gross Sales per year
Section III – Number of Franchised and Company-Owned Maid Right Outlets
Franchised
2020
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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: 18
- Outlets at the End of the Year: 20
- Net Change: +2
2021
- Outlets at the Start of the Year: 20
- Outlets at the End of the Year: 25
- Net Change: +5
2022
- Outlets at the Start of the Year: 25
- Outlets at the End of the Year: 37
- Net Change: +12
Company-Owned
2020
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2021
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- 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: 0
- Outlets at the End of the Year: 0
- Net Change: 0
Section IV – News Updates on the Maid Right Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Maid Right Franchise (Item 19, 2023 FDD)
Part 1 – Statement of Gross Sales per Franchised Business During the 2022 Fiscal Year
Top Quartile
- Total Gross Sales: $4,723,694.54
- Average Gross Sales: $1,180,923.63
- High Gross Sales: $1,471,625.50
- Low Gross Sales: $975,879.10
- Number of Franchised Businesses: 4
Median
- Total Gross Sales: $4,671,963.14
- Average Gross Sales: $583,995.39
- High Gross Sales: $889,613.00
- Low Gross Sales: $331,657.53
- Number of Franchised Businesses: 8
Bottom Quartile
- Total Gross Sales: $789,754.41
- Average Gross Sales: $197,438.60
- High Gross Sales: $303,456.85
- Low Gross Sales: $95,284.56
- Number of Franchised Businesses: 4
Total
- Total Gross Sales: $10,185,412.09
- Average Gross Sales: $636,588
- High Gross Sales: $1,471,625.50
- Low Gross Sales: $95,284.56
- Number of Franchised Businesses: 16*
Total Gross Sales of Franchised Businesses: $11,134,717.05
- *This number is representative of franchised Businesses that operated 12 months consecutively in 2022 (16 of 30 Franchisees). The 14 excluded franchised Businesses either opened during the 2022 fiscal year or closed permanently during the 2022 fiscal year. No locations were temporarily closed during 2022.
- All data pulled from owner-submitted reports.
Part 2 – Revenue by Clean Type for Responding Franchised Businesses During the 2022 Fiscal Year
- Initial Clean (first clean in the recurring): 2.785%
- One-Time Clean: 13.451%
- Recurring*: 77.882%
- Commercial: 2.546%
- Move In/Move Out: 3.336%
- Total: 100.000%
- *Recurring clean type includes weekly, bi-weekly, 3rd week, monthly, etc.
Part 3 – Average Job Size of Franchised Businesses by Quartile During the 2022 Fiscal Year
- Top Quartile: $210.28
- Median: $171.09
- Bottom Quartile*: $183.00
- Average: $172.89
- *Note that the quartiles are based on total Gross Sales, which means the lowest Gross Sales Franchised Businesses are typically newer Franchised Businesses, which have a much higher percentage of one time cleans. One time cleans generally create a higher average job size, which is then diluted over time as the Franchised Businesses’ recurring clean job base increases.
- This information has not been separately audited or verified by an independent certified public accountant, and it may not have been prepared on a basis consistent with generally accepted accounting principles.
- Some outlets have sold this amount. Your individual results may differ. There is no assurance that you’ll sell as much.
Section VI – Maid Right Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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