|
Duraclean Franchise ProfileCleaning Franchises > Commercial Cleaning |
What Are the Initial Investment Requirements for a Duraclean Franchise?
To open a Duraclean franchise, you will need an initial investment ranging from approximately $108,704 to $174,004. This includes a franchise fee of $29,500. Additionally, you should prepare for ongoing costs such as an 8% royalty fee and a 2% marketing fee. It's also important to have a net worth between $100,000 and $200,000, along with sufficient cash reserves to cover the startup expenses.
What Is the Average Revenue Potential for a Duraclean Franchise?
Duraclean franchises have demonstrated significant revenue potential, with an average annual revenue per unit reported at around $1,410,485. The median annual revenue is notably high at $1,410,485, while individual units have reported revenues ranging from as low as $50,447 to as high as $1,709,895. This variance highlights the potential for substantial income, depending on operational efficiency and market conditions.
How Long Does It Take to Break Even with a Duraclean Franchise?
Franchisees can expect to reach breakeven within approximately 12 months of operation. This relatively quick payback period of around 10 months for the initial investment indicates a favorable financial outlook for those who effectively manage their operations and capitalize on the brand's established market presence.
What Are the Average Annual Expenses for a Duraclean Franchise?
Annual expenses for operating a Duraclean franchise can total around $1,027,652. Key expense categories include general and administrative costs at $758,387, franchise development and training at $124,040, and rent expenses at $124,365. Understanding these costs is crucial for franchisees to manage their finances effectively and maximize profitability.
Duraclean 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:
Duraclean 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 | 113 | 108 | 105 |
| Net Change YoY | -5 | -3 | |
| Franchised Units | 103 | 98 | 95 |
| Net Change YoY | -5 | -3 | |
| Corporate Units | 10 | 10 | 10 |
| Net Change YoY | 0 | 0 |
Franchise Overview
Duraclean is a well-established franchise specializing in cleaning and restoration services. With a strong presence in the industry, Duraclean offers franchisees the opportunity to tap into a growing market focused on residential and commercial cleaning solutions. The brand is known for its commitment to quality service and customer satisfaction, making it a trusted choice for consumers.
Investment Details
The initial investment to start a Duraclean franchise ranges from $108,704.66 to $174,004.66. This includes a franchise fee of $29,500. Franchisees should also anticipate ongoing royalty fees of 8% and a marketing fee of 2% on gross sales. A net worth of $100,000 to $200,000 is required, along with liquid cash to support the startup phase.
Financial Performance
Duraclean franchises report an average annual revenue of $1,410,485, with a median revenue of $289,000 per unit. The lowest annual revenue recorded is $50,447, while the highest reaches $1,709,895. This performance indicates a robust potential for profitability, with a breakeven time of approximately 12 months and an investment payback period of around 10 months.
Operational Insights
Franchisees benefit from comprehensive training and ongoing support, with average annual operating expenses totaling $1,027,652. Key expenses include general and administrative costs, which account for 63.6% of revenue, alongside costs for franchise development and training. Understanding these operational dynamics is crucial for managing profitability effectively.
Market Presence
As of 2022, Duraclean operates a total of 105 units, comprising 95 franchised locations and 10 corporate units. The franchise has seen a slight decline in the number of franchised units over the last few years, indicating a need for strategic focus on franchisee support and market expansion to stabilize and grow its footprint.
Brand Commitment
Duraclean is dedicated to delivering high-quality cleaning services while fostering strong relationships with its franchisees. The brand emphasizes customer satisfaction and community engagement, ensuring that franchise owners are equipped with the tools and support necessary to thrive in a competitive market. This commitment to excellence enhances brand loyalty and drives repeat business.
Frequently Asked Questions
The initial investment for a Duraclean franchise ranges from approximately $108,704.66 to $174,004.66, which includes the franchise fee of $29,500 and other startup costs.