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Pro One Janitorial Franchise ProfileCleaning Franchises > Commercial Cleaning |
What is the Initial Investment for a Pro One Janitorial Franchise?
To start your journey with a Pro One Janitorial franchise, you will need to prepare for an initial investment ranging from $8,850 to $72,700. This includes a franchise fee of $8,000, which is part of the total cash required to launch your business. It's important to consider both the low and high ends of this investment spectrum to understand the financial commitment involved. Additionally, you should have a net worth between $50,000 and $200,000 to qualify for franchise ownership.
What Are the Ongoing Fees Associated with a Pro One Janitorial Franchise?
As a franchisee, you will be responsible for ongoing fees that include a royalty fee of 10% on your revenue and a marketing fee of 1%. These fees are essential for maintaining brand standards and supporting marketing initiatives that drive customer engagement. Understanding these costs will help you effectively budget and plan for the financial health of your franchise.
What Are the Financial Performance Metrics for Pro One Janitorial?
Pro One Janitorial franchises have demonstrated strong financial performance, with an average annual revenue of $19,449,881 per unit. The median revenue stands at $10,463,099, indicating a healthy earning potential for franchisees. The breakeven time is approximately 12 months, allowing franchisees to recover their initial investment within the first year of operation. This financial insight is crucial for evaluating the potential return on investment.
What Are the Typical Operating Expenses for a Pro One Janitorial Franchise?
Franchisees can expect to incur various operating expenses, including rent for office and warehouse space, which averages around $75,600 annually. Additional costs such as equipment rent ($4,780) and advertising ($86,000) contribute to the overall operational budget. Knowing these expenses will help you manage your finances effectively and ensure that your franchise remains profitable. Understanding the total operating expenses, which average $1,305,627 per year, is vital for long-term financial planning.
Pro One Janitorial 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:
Pro One Janitorial Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2019 | 2020 | 2021 |
|---|---|---|---|
| Total Units | 113 | 116 | 115 |
| Net Change YoY | 3 | -1 | |
| Franchised Units | 113 | 116 | 115 |
| Net Change YoY | 3 | -1 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY |
Investment Overview
The Pro One Janitorial franchise offers a low initial investment range between $8,850 and $72,700, making it accessible for aspiring entrepreneurs. The initial franchise fee is set at $8,000, with ongoing royalty fees of 10% of gross sales and a marketing fee of 1%. This structure allows franchisees to effectively manage their financial commitments while benefiting from a well-established brand.
Revenue Potential
Franchisees can expect an average annual revenue of $19,449,881 per unit, with a median of $10,463,099. The revenue range is significant, with the lowest annual revenue reported at $80,493 and the highest at $19,449,881. This potential for high earnings makes Pro One Janitorial an attractive opportunity for those looking to invest in the cleaning services sector.
Breakeven Analysis
The Pro One Janitorial franchise boasts a breakeven time of just 12 months, indicating a quick return on investment. Franchisees can anticipate recouping their initial investments within the same timeframe, which is a crucial factor for new business owners seeking to minimize financial risk.
Operational Costs
Average annual operating expenses are estimated at $1,305,627, which includes costs such as rent, equipment rental, and advertising. Key expenses include $75,600 for office and warehouse rent and $86,000 for advertising costs. Understanding these expenses is essential for franchisees to effectively manage their budgets and maximize profitability.
Franchise Growth
Since its inception, Pro One Janitorial has shown steady growth in its franchised units, with 113 units in 2019, 116 in 2020, and 115 in 2021. This growth trajectory reflects the brand's stability and appeal in the janitorial services market, providing potential investors with confidence in the franchise's future.
Corporate Structure
Pro One Janitorial operates without any corporate-owned units, focusing entirely on franchised locations. This structure emphasizes the brand's commitment to empowering franchisees and fostering a community of independent business owners dedicated to delivering quality cleaning services.
Frequently Asked Questions
The initial investment for a Pro One Janitorial franchise ranges from $8,850 to $72,700, which includes the franchise fee and other startup costs.