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Five Star Bath Solutions Franchise ProfileHome Based Franchises > Home Repair Services |
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.
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.
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.
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.
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Five Star Bath Solutions 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 | 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 |
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.
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.
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.
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.
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.
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.