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Surface Experts Franchising LLC Franchise ProfileHome Based Franchises > Home Repair Services |
What is the Initial Investment for a Surface Experts Franchise?
The initial investment for a Surface Experts franchise ranges from $139,340 to $225,475. This includes a franchise fee of $75,000. Prospective franchisees should also be prepared for ongoing royalty fees of 8% and a marketing fee of 2% based on their unit's revenue. It's crucial to have sufficient cash reserves, as the cash required falls within the same range as the total investment.
What are the Financial Performance Metrics for Surface Experts?
Surface Experts franchises demonstrate strong financial potential, with an average annual revenue of approximately $444,525.46 per unit. The highest reported annual revenue reaches $1,368,843.50, indicating the opportunity for significant earnings. Franchisees can expect to break even within 12 months and achieve a return on their investment in about 24 months, making this a potentially lucrative venture.
What are the Operating Expenses for a Surface Experts Franchise?
Operating expenses for a Surface Experts franchise are relatively low, given the nature of the business. Monthly rent averages around $4,281.12, with additional costs for utilities, insurance, and marketing materials ranging from $500 to $4,000 annually. Franchisees should also budget for professional fees and technology fees, as well as initial training expenses, totaling an estimated operating expense of $139,340 to $225,475.
How Has Surface Experts Grown in Recent Years?
Surface Experts has shown consistent growth in its franchise network, expanding from 13 units in 2020 to 34 units by 2022. This growth trajectory reflects a strong demand for their services and a robust franchise model. With no corporate units in operation, the focus on franchising allows for a more extensive reach and community presence, positioning Surface Experts as a competitive player in the market.
Surface Experts Franchising LLC 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:
Surface Experts Franchising LLC Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2020 | 2021 | 2022 |
|---|---|---|---|
| Total Units | 13 | 22 | 34 |
| Net Change YoY | 9 | 12 | |
| Franchised Units | 13 | 22 | 34 |
| Net Change YoY | 9 | 12 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | 0 | 0 |
Franchise Overview
Surface Experts Franchising LLC specializes in providing high-quality surface restoration services, catering to both residential and commercial clients. With a focus on efficiency and customer satisfaction, the brand has established a strong presence in the market, offering innovative solutions for surfaces such as countertops, tile, and flooring. The franchise model is designed to empower entrepreneurs with a proven system, ensuring they can deliver exceptional service while building a successful business.
Investment Requirements
Investing in a Surface Experts franchise requires a cash investment ranging from $139,340 to $225,475. The initial franchise fee is set at $75,000, with ongoing royalty fees of 8% on gross sales and a 2% marketing fee. Prospective franchisees must demonstrate a net worth between $300,000 and $500,000, ensuring they have the financial stability to support their business in the early stages.
Financial Performance
Surface Experts franchises have shown promising financial performance, with an average annual revenue per unit of approximately $444,525. The highest recorded annual revenue reaches $1,368,843.50, showcasing the potential for profitability within the franchise system. With a breakeven point typically achieved within 12 months and an investment payback period of around 24 months, franchisees can expect a favorable return on their investment.
Operational Expenses
Franchisees can anticipate various operational expenses, including monthly rent averaging $4,281.12, utilities ranging from $0 to $1,500, and insurance costs between $1,500 and $4,000. Additional expenses, such as marketing materials, professional fees, and technology fees, contribute to the overall operational budget. It's essential for franchisees to plan for initial additional funds of $45,000 to $60,000 for the first few months of operation to cover these costs effectively.
Growth Trajectory
Since its inception, Surface Experts Franchising LLC has demonstrated robust growth, increasing its franchised units from 13 in 2020 to 34 in 2022. This upward trend reflects the brand's strong market demand and the effectiveness of its franchise model. As more entrepreneurs join the network, the brand's footprint continues to expand, offering exciting opportunities for new franchisees to tap into a growing market.
Franchise Support
Surface Experts provides comprehensive support to its franchisees, ensuring they have the tools and resources needed for success. This includes initial training, ongoing operational support, and access to marketing materials. The franchise's commitment to helping owners thrive is evident in its structured training programs and dedicated support team, which work together to foster a collaborative environment for franchise growth and development.
Frequently Asked Questions
The initial investment for a Surface Experts franchise ranges from $139,340 to $225,475, which includes the franchise fee and other startup costs.