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Molly Maid

Molly Maid Franchise Spotlight

Whether you’re an experienced entrepreneur or are new to the world of franchise ownership, opening a Molly Maid franchise may be the perfect opportunity for you. Molly Maid is a residential cleaning business that features low barriers-to-entry; notably there is limited equipment required, and no storefront is necessary to operate a business. The leaders of the parent company strive to make franchise ownership a simple process that is open to anyone with the drive to succeed.

Franchise History

Molly Maid was founded in Ontario, Canada in 1979, and its first franchise in the U.S. was opened just five years later. Around the time the company was conceived, more and more North American families were living in households where both partners worked than ever before. This trend would, of course, continue, as women began to take a more active role in the workplace throughout the 1980s and 1990s.

Providing a housekeeping service for busy, working families is, in essence, giving them the gift of time to spend with their loved ones. The founders of Molly Maid thought that even people who could not afford to hire full-time staff deserved this same gift, and they created an affordable, dependable model for franchised house cleaning service that would go on to be an international phenomenon.

Investment Range 

The total investment for opening a Molly Maid franchise typically ranges between $89,200 and $137,200. Potential franchisees are expected to have a minimum net worth of $250,000 with liquid assets of at least $100,000. The total amount of the investment will vary depending upon specifics of the territory and the market, whether you have existing business to bring to the fold, and more.

Typical Start-up Costs and Franchise Fees

The Molly Maid parent company assesses an initial franchise fee of $14,900. This relatively low franchise fee and reasonable total investment range make Molly Maid an affordable franchise to own. Potential franchisees are not required to have any pre-existing equipment or inventory, and no previous experience in either franchise ownership or the housecleaning business is necessary. Molly Maid executives are looking for potential franchise owners who are customer service-oriented, and are driven to lead their team members.

Financing options are available to help potential franchise owners offset certain startup costs, including the initial franchise fee. Through the VetFran program, qualified veterans are also eligible to receive 15% off the initial franchise fee. If you have previous military service, be sure to ask your Molly Maid Franchise Developer to see if you meet the criteria for the program.

Facts and Figures

Molly Maid is one of the most successful residential cleaning franchises in the world, and the parent company is always interested in hearing from potential franchise owners who are interested in growing a business and serving their customers with distinction. Some of the reasons why you should consider opening a Molly Maid franchise include:

  • Molly Maid was ranked in Entrepreneur’s 500 list for 2016
  • There are over 600 Molly Maid franchises across the globe, including over 450 in the U.S.
  • The size of the residential cleaning business has been estimated at $46 billion
  • Molly Maid has averaged 5.5% growth during the last five years

Next Steps

If you’re considering a franchise investment or just have questions, feel free to contact one of our franchise specialists to learn more about the process and all the different franchise opportunities by completing our request form or calling 1-877-650-5551.

 

Five Star Painting

Five Star Painting Franchise Spotlight

Five Star Painting is a franchising company offering residential and commercial building painting services. Whether you already have an independent home painting business or you’re completely new to the service, investing in a Five Star Painting franchise will allow you to leverage your management and customer service skills and grow revenue all with the backing of a trusted brand.

Franchise History

Five Star Painting began, as so many successful companies do, as the dream of a group of friends who wanted to take control of their financial futures. The company was initially founded in 2002, and it quickly made the transition to a franchise-based model in 2005.

Home painting franchises are typically attractive for potential owners because of the relatively low barriers to entry required. The list of necessary supplies is limited, and you don’t need to maintain an expensive storefront in order to compete in the market. Additionally, the residential and commercial painting market offers excellent opportunities for steady revenue. Natural elements and aesthetic evolutions are always driving home and business owners to repaint, and customers are likely to be loyal to a company that delivers on the promise of outstanding service.

Investment Range

The average investment range for a Five Star Painting franchise is very reasonable. Most owners will be expected to invest anywhere from $61,600 to $136,150, depending upon the territory in question, the amount of any existing business you have established, start-up costs, and other factors. Potential franchisees will be required to have anywhere from $25,450 to $55,125 available as liquid assets, but there is no net worth requirement beyond this figure.

Typical Start-up Costs and Franchise Fees

There are several fees that will be assessed as a franchise owner of Five Star Painting, including:

  • Initial Franchise Fee: $40,000
  • Ongoing Royalty Fee: Between 5% and 7%
  • Ad Royalty Fee: 2%

Additional startup costs will be evaluated on a case-by-case basis, and your Franchise Developer will work with you to determine the estimated amount of your startup costs. If you are a military veteran, be sure to ask you Franchise Developer about qualifying for the 15% discount off the initial franchise fee offered through the VetFran program.

Upon investing in a Five Star Painting Franchise, you have access to a trusted brand presence that will allow you to forge a relationship with your clients, innovative management and logistical systems that will help you operate your business with efficiency, and wholesale distribution of high-quality equipment and parts. You’ll also go through a fully-developed training program so that you will be ready to hit the ground running and begin your operations quickly.

Facts and Figures

There are many compelling reasons to open a Five Star Painting franchise that go beyond the affordable costs and brand attractiveness. The home and commercial painting service is a booming industry that has a lot to offer potential franchise owners. Some reasons why you should consider entering the industry as a Five Start Painting franchise owner include:

  • Entry into a $48 billion per year industry
  • Joining a network of over 150 Five Star Painting franchises worldwide
  • Five Star Painting has achieved 8% annual growth in the previous five years
  • Entrepreneur ranked Five Star Painting as a top 500 franchise for 2017

Next Steps

If you’re considering a franchise investment or just have questions, feel free to contact one of our franchise specialists to learn more about the process and all the different franchise opportunities by completing our request form or calling 1-877-650-5551.

 

mr handyman

Mr. Handyman Franchise Spotlight

There are a wide variety of residential service franchises that you can choose from, and maintenance service businesses are among the most popular because of their traditionally low overhead costs and the potential for steady growth. Mr. Handyman is a maintenance franchise that has earned accolades for its impeccable service, high-quality work, and outstanding growth opportunities.

Franchise History

Mr. Handyman began as an answer to a question that homeowners face all of the time: “Where can I find a reliable maintenance solution for a diverse array of problems, including both big and small jobs?” In response, Mr. Handyman employs a versatile group of maintenance professionals who pride themselves on doing the job the right way the first time.

The company was founded in 1996 in Chelmsford, MA, and it operated independently for a few years. Following an acquisition in 2000, the company began to issue franchise licenses. Mr. Handyman is now a part of the Dwyer Group, and its franchises have serviced approximately 1 million customers throughout North America.

Investment Range

If you are interested in opening a Mr. Handyman franchise, you should plan for a total investment between $106,500 and $138,100. All potential franchise opportunities are unique, and total investment costs will always be evaluated on a case-by-case basis to ensure ideal results for the franchisee, franchisor, and potential customers.

As you begin your journey towards becoming a Mr. Handyman franchise owner, you will meet with a Franchise Developer who will assess specific criteria and answer any questions you may have about your estimated investment costs. Some of the factors that may determine the total amount of your investment include:

  • Size, make-up, and distribution of the territory
  • Level of existing infrastructure
  • Amount of current business
  • Potential expansions

Typical Start-up Costs and Franchise Fees

The initial franchise fee for opening a Mr. Handyman location is $49,900. This fee grants you access to a nationally-recognized brand, use of all registered trademarks, a proprietary business model that will allow you to service your customers with excellence and efficiency, and much more.

Mr. Handyman is also proud to partner with VetFran, which is an initiative dedicated to increasing access to opportunities for small business ownership for our nation’s veterans. Veterans who have been honorably discharged and meet the requirements set forth by the VetFran program are eligible to receive a 15% discount off the normal franchise fee.

In terms of additional start-up costs, you may be able to utilize certain financing options in order to reduce your liquid capital commitment early in the process. These options include IRA accounts, small business loans, credit cards, 401k rollovers, etc.

Facts and Figures

For over 15 years, Mr. Handyman franchises have been helping homeowners in communities throughout North America, creating high-quality jobs for maintenance professionals, and allowing franchise owners to invest in opportunities for growth. Here are some additional facts that outline why Mr. Handyman is such a valuable franchise opportunity for many budding small business owners:

  • Mr. Handyman franchises are part of the service economy, the largest segment of the world economy
  • There are currently over 200 Mr. Handyman franchises in operation
  • The Mr. Handyman brand is seeking to expand to over 20 specific markets in the U.S., but opportunities are available in many other areas as well
  • Existing business owners may be ale to convert their operations to a Mr. Handyman franchise

Next Steps

If you’re considering a franchise investment or just have questions, feel free to contact one of our franchise specialists to learn more about the process and all the different franchise opportunities by completing our request form or calling 1-877-650-5551.