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Budget Blinds Franchise ProfileHome Based Franchises > Home Repair Services |
What is the Initial Investment for a Budget Blinds Franchise?
To open a Budget Blinds franchise, you will need to prepare for an initial investment ranging from $100,500 to $211,250. This includes a franchise fee of $19,950. It's essential to have cash on hand within this range, along with a net worth requirement between $500,000 and $1,000,000. Being financially prepared is crucial for a successful start in this franchise opportunity.
What are the Ongoing Fees Associated with Budget Blinds?
As a Budget Blinds franchisee, you will be responsible for ongoing fees, including a royalty fee of 3.50% on gross sales and a marketing fee of 7.50%. These fees contribute to the overall support and brand presence that Budget Blinds offers its franchisees. Understanding these expenses can help you budget effectively and maintain profitability.
What is the Average Revenue Potential for Budget Blinds Franchisees?
Budget Blinds franchisees can expect an average annual revenue of approximately $795,612, with a median revenue of $539,603. This revenue potential highlights the opportunity for strong financial performance within the franchise. However, it's important to note that revenues can vary widely, with the lowest reported annual revenue at $54,352 and the highest at $17,728,063.
What is the Breakeven Time for Budget Blinds Franchisees?
The breakeven time for a Budget Blinds franchise is estimated at around 12 months, which aligns with the investment payback period. This relatively quick return on investment can be appealing for aspiring franchisees, as it indicates that with effective management and marketing, you could start seeing profits within your first year of operation.
Budget Blinds 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:
Budget Blinds Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 1144 | 1238 | 1298 |
| Net Change YoY | 94 | 60 | |
| Franchised Units | 1144 | 1238 | 1298 |
| Net Change YoY | 94 | 60 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | 0 | 0 |
Initial Investment
The Budget Blinds franchise offers a range of initial investment options, with costs ranging from $100,500 to $211,250. This investment includes a franchise fee of $19,950, which grants new franchisees access to the established brand and operational support.
Ongoing Fees
Franchisees are required to pay a royalty fee of 3.50% on gross sales, alongside a marketing fee of 7.50%. These ongoing fees help maintain brand presence and support marketing initiatives that drive customer traffic to franchise locations.
Financial Performance
Budget Blinds franchisees can expect an average annual revenue of approximately $795,612 per unit, with a median revenue of $539,603. The revenue figures demonstrate the brand's strong market position and potential for profitability within the window coverings industry.
Breakeven and Payback
Franchisees can achieve breakeven within just 12 months of operation, with an investment payback period also estimated at 12 months. This quick return on investment makes Budget Blinds an attractive option for aspiring entrepreneurs looking for a viable business opportunity.
Franchise Growth
The Budget Blinds franchise has shown consistent growth, increasing its number of franchised units from 1,144 in 2021 to 1,298 in 2023. This upward trajectory reflects the brand's expanding market presence and the increasing demand for window treatment solutions.
Corporate Structure
Budget Blinds operates as a franchise model without any corporate-owned units as of 2023. This structure emphasizes the brand's focus on empowering franchisees to run their own businesses while benefiting from the support and resources provided by the franchisor.
Frequently Asked Questions
The initial investment for a Budget Blinds franchise ranges from $100,500 to $211,250, which includes the franchise fee, equipment, and other startup costs.