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Maid to Perfection Franchise ProfileCleaning Franchises > Residential Cleaning |
What is the Initial Investment for a Maid to Perfection Franchise?
Starting a Maid to Perfection franchise requires an initial investment ranging from $57,030 to $62,635. This includes a franchise fee of $15,000. Additionally, prospective franchisees should have cash available of at least $15,000 and a net worth between $250,000 and $500,000 to meet the financial requirements of the franchise.
What Are the Ongoing Fees Associated with Maid to Perfection?
Franchisees of Maid to Perfection are subject to ongoing fees, including a royalty fee of 7% on gross sales and a marketing fee of 4.50%. These fees are essential for maintaining brand standards and supporting marketing efforts that drive customer engagement and growth.
What Can Franchisees Expect in Terms of Revenue?
Maid to Perfection franchises can expect an average annual revenue of approximately $250,000, with a median revenue of $260,000 per unit. The revenue potential varies, with the lowest reported annual revenue at $104,000 and the highest at $260,000, indicating a promising opportunity for franchisees who effectively manage their operations.
How Quickly Can Franchisees Expect to Break Even?
Franchisees can anticipate breaking even within 18 months of operation, with the investment payback period estimated at just 12 months. This relatively quick return on investment makes Maid to Perfection an attractive option for aspiring entrepreneurs looking to enter the cleaning services market.
Maid to Perfection Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Maid to Perfection Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2015 | 2016 | 2017 |
|---|---|---|---|
| Total Units | 204 | 142 | 113 |
| Net Change YoY | -62 | -29 | |
| Franchised Units | 204 | 142 | 113 |
| Net Change YoY | -62 | -29 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY |
Initial Investment
The Maid to Perfection franchise offers a low initial investment ranging from $57,030 to $62,635, making it an accessible option for aspiring entrepreneurs. The franchise fee is set at $15,000, allowing franchisees to enter the cleaning service market with a manageable financial commitment.
Financial Performance
Franchisees can expect an average annual revenue of approximately $250,000, with a median revenue of $260,000. The revenue range spans from a lowest annual revenue of $104,000 to a highest of $260,000, providing potential for significant earnings within the maid service industry.
Breakeven and Payback Period
The Maid to Perfection franchise has a breakeven time of about 18 months, with an investment payback period of just 12 months. This swift return on investment is attractive for new franchisees looking to establish profitability quickly in their business operations.
Ongoing Fees
Franchisees are required to pay a royalty fee of 7% on gross sales and a marketing fee of 4.5%. These ongoing fees contribute to the support and resources provided by the franchisor, helping to drive brand awareness and operational success.
Required Financials
To qualify for a Maid to Perfection franchise, potential franchisees must demonstrate a net worth of $250,000 to $500,000, along with $15,000 in cash readily available. This financial requirement ensures that franchisees have the necessary resources to support their business venture.
Corporate Structure
Maid to Perfection operates as a franchise model with no corporate-owned units, focusing solely on franchised locations. This structure allows for a broad network of independent franchisees who benefit from the brand's established reputation and operational support while managing their own businesses.
Frequently Asked Questions
The initial investment for a Maid to Perfection franchise ranges from $57,030 to $62,635, which includes the franchise fee of $15,000.