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Description
Investment Icon

What is the Investment Required for a Five Star Bath Solutions Franchise?

To start your journey with a Five Star Bath Solutions franchise, you should be prepared for an initial investment ranging from $125,500 to $373,000. This includes a franchise fee of $59,500. Additionally, potential franchisees need to demonstrate a net worth of $100,000 to $250,000 and have liquid cash available between $125,500 and $266,000. Understanding these financial commitments is crucial for aspiring entrepreneurs looking to enter the home improvement industry.

Fees Icon

What Are the Financial Performance Metrics for Five Star Bath Solutions?

Five Star Bath Solutions franchises have shown promising financial performance, with an average annual revenue of approximately $1,696,370 per unit. The gross profit margin stands at 33.8%, indicating a healthy return on investment. Franchisees can expect to break even within 18 months and may achieve payback on their initial investment in about 15 months. These metrics highlight the potential profitability of joining this franchise network.

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What Ongoing Fees Should Franchisees Expect?

Franchisees of Five Star Bath Solutions should anticipate ongoing fees that include a royalty fee of 6% on gross sales and a marketing fee of 2.5%. These fees are essential for maintaining brand presence and supporting marketing initiatives. Understanding these ongoing costs is vital for effective financial planning and ensuring long-term sustainability within the franchise system.

Breakeven Icon

How Has Five Star Bath Solutions Expanded Over the Years?

Five Star Bath Solutions has experienced steady growth in its franchise network, increasing from 54 franchised units in 2021 to 91 in 2023. This growth trajectory reflects the brand's expanding market presence and the increasing demand for home improvement services. With a consistent number of corporate units remaining at three, the franchise is focused on supporting its franchisees while continuing to enhance its operational framework.

Five Star Bath 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.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$100,000 - $250,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

15 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$59,500
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

6.00%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

2.50%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

18 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$125,500 - $373,000
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$125,500 - $266,000
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$1,198,193
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$1,041,286
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$10,901,031
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$250,000
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Home Based Franchises
Category icon A more specific division within the broader industry.

i Category:

Home Repair Services
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Kurtis G. McCarty
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

761 W. 1200 N. Springville, UT 84663
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2014
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

Five Star Bath, LLC

Five Star Bath Solutions Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

165
The number of locations owned by independent franchisees.

Franchised Units i

162
The number of locations owned and run by the franchisor.

Corporate Units i

3
Units 2021 2022 2023
Total Units 57 74 94
Net Change YoY 17 20
Franchised Units 54 71 91
Net Change YoY 17 20
Corporate Units 3 3 3
Net Change YoY 0 0
Investment About

Company Background

Five Star Bath Solutions is a leading franchise in the home improvement sector, specializing in bathroom remodeling services. Established to provide innovative solutions for homeowners seeking to upgrade their bathrooms, the brand has quickly gained a reputation for quality craftsmanship and customer satisfaction. With a focus on affordability and efficiency, Five Star Bath Solutions has become a trusted name for transforming bathrooms into luxurious spaces.

Potential About

Franchise Opportunity

Investing in a Five Star Bath Solutions franchise offers aspiring entrepreneurs a chance to enter a booming market. With an initial investment ranging from $125,500 to $373,000, franchisees benefit from a well-established brand and a proven business model. The franchise provides extensive training and support, ensuring that both new and experienced investors can thrive in the competitive home improvement industry.

Metrics About

Financial Performance

Five Star Bath Solutions franchises demonstrate strong financial potential, with average annual revenues per unit reaching approximately $1,198,193. The franchise's financial structure includes a 6% royalty fee and a 2.5% marketing fee, allowing franchisees to invest in growth while benefiting from comprehensive marketing support. With a breakeven time of just 18 months and a payback period of 15 months, franchisees can expect a solid return on their investment.

Fees About

Investment Requirements

To become a franchisee, individuals must meet certain financial criteria. A net worth of $100,000 to $250,000 is required, along with liquid capital ranging from $125,500 to $266,000. This investment ensures that franchisees are financially prepared to manage their operations effectively while benefiting from the franchise's established systems and support.

Breakeven About

Growth and Expansion

Since its inception, Five Star Bath Solutions has shown impressive growth, increasing from 54 franchised units in 2021 to 91 in 2023. This expansion reflects the brand's popularity and the increasing demand for bathroom remodeling services. With a strong support network and ongoing training, franchisees are well-equipped to capitalize on this growth trend in the home improvement market.

Units About

Customer Commitment

Five Star Bath Solutions is dedicated to providing exceptional customer service and high-quality products. The franchise focuses on understanding the unique needs of each homeowner, offering personalized solutions that enhance the bathroom experience. By prioritizing customer satisfaction, Five Star Bath Solutions builds lasting relationships, ensuring repeat business and positive referrals that drive franchise success.

Frequently Asked Questions

The initial investment for a Five Star Bath Solutions franchise ranges from $125,500 to $373,000, which includes the franchise fee of $59,500.