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Filta Environmental Kitchen Solutions Franchise ProfileCleaning Franchises > Commercial Cleaning |
What Are the Initial Investment Requirements for a Filta Environmental Kitchen Solutions Franchise?
To open a Filta Environmental Kitchen Solutions franchise, you will need to prepare for an initial investment ranging from $123,600 to $139,250. This includes a franchise fee of $39,950. Additionally, you should be aware of ongoing fees, such as a royalty fee of 6.5% and a marketing fee of 1%. It's essential to ensure you have a net worth between $1,000,001 and $2,500,000 to qualify for this franchise opportunity.
What Are the Financial Performance Metrics for Filta Environmental Kitchen Solutions Franchisees?
Filta franchisees can expect an average annual revenue of approximately $930,825, with a median revenue of $670,820. The financial performance can vary significantly, with the lowest annual revenue reported at $71,360 and the highest reaching $9,896,643. Notably, many franchisees may break even within 12 months, with an investment payback period of just 10 months, making it a potentially lucrative opportunity.
What Are the Running Expenses Associated with a Filta Environmental Kitchen Solutions Franchise?
When operating a Filta franchise, you should anticipate annual running expenses totaling around $81,600. Key expenses include rent at $24,000, utilities at $3,600, and marketing and advertising at $12,000. Additionally, you will need to budget for sales and accounting costs of $6,000, along with management and administrative salaries amounting to $36,000. Understanding these expenses is crucial for maintaining profitability.
How Has the Filta Environmental Kitchen Solutions Franchise Grown Over Recent Years?
Filta Environmental Kitchen Solutions has shown steady growth in its franchised units, increasing from 318 in 2021 to 340 in 2023. This upward trend suggests a growing demand for their services and a robust franchise model. Notably, the company has maintained a 100% franchised unit model, indicating strong franchisee satisfaction and a focus on supporting their network of franchise owners.
Filta Environmental Kitchen Solutions 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.
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Filta Environmental Kitchen Solutions Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.
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| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 318 | 323 | 340 |
| Net Change YoY | 5 | 17 | |
| Franchised Units | 318 | 323 | 340 |
| Net Change YoY | 5 | 17 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | 0 | 0 |
Investment Overview
The Filta Environmental Kitchen Solutions franchise offers a compelling investment opportunity with a low initial investment range of $123,600 to $139,250. The franchise fee is set at $39,950, with ongoing royalty fees of 6.50% and a marketing fee of 1%. This structure allows franchisees to start their journey in an environmentally conscious industry while benefiting from a solid financial foundation.
Revenue Potential
Franchisees can expect significant revenue potential, with average annual revenues per unit reported at $930,825 and median revenues at $670,820. The range of annual revenue varies widely, from a low of $71,360 to a high of $9,896,643, indicating diverse performance levels across the franchise network. This potential for high earnings makes Filta an attractive option for aspiring entrepreneurs.
Breakeven and Payback
The breakeven period for a Filta franchise is approximately 12 months, which is favorable for new business owners. Additionally, the investment payback period is around 10 months, allowing franchisees to recover their initial investment relatively quickly. This financial efficiency can be a significant motivator for those considering franchise ownership.
Franchise Growth
Filta has demonstrated consistent growth in its franchised units, increasing from 318 in 2021 to 340 in 2023. This upward trend reflects the brand's expanding market presence and the growing demand for eco-friendly kitchen solutions. Franchisees can benefit from being part of a network that is actively increasing its footprint.
Operational Expenses
Understanding the operational expenses is crucial for franchisees. Average running expenses total approximately $81,600 annually, covering rent, utilities, marketing, and salaries. This clear breakdown helps potential franchisees assess their financial commitments and plan accordingly, ensuring they are well-prepared for the operational demands of running a Filta franchise.
Company Vision
Filta Environmental Kitchen Solutions is dedicated to providing sustainable kitchen solutions that reduce waste and promote environmental responsibility. Their mission centers around innovation and customer satisfaction, aiming to lead the industry in eco-friendly practices while delivering exceptional service. This commitment to sustainability resonates with a growing consumer base increasingly concerned about environmental impact.
Frequently Asked Questions
The initial investment for a Filta franchise ranges from $123,600 to $139,250, which includes the franchise fee of $39,950.