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Fresh Coat Franchise ProfileCleaning Franchises > Residential Cleaning |
The initial investment for a Fresh Coat franchise ranges from $81,150 to $120,250. This includes a franchise fee of $49,900. Prospective franchisees should also consider additional costs such as equipment, supplies, and working capital. Having a minimum net worth of $300,000 to $500,000 is required to ensure financial stability during the startup phase.
Fresh Coat franchisees are subject to ongoing royalty and marketing fees. The royalty fee is set at 6% of gross sales, while a marketing fee of 2% is also required. These fees contribute to the brand's overall marketing efforts and support, helping franchisees maximize their visibility and profitability in the competitive home services market.
Fresh Coat franchises have shown promising financial performance, with an average annual revenue of $614,294 per unit. The median revenue stands at $533,010, indicating a solid earning potential for franchisees. However, it's important to note that revenue can vary significantly, with the lowest annual revenue reported at $65,542 and the highest reaching $2,502,197.
Franchisees can expect to break even within approximately 22 months of operation. The investment payback period is relatively quick, averaging around 16 months. This timeline can provide a sense of security for new franchisees, allowing them to plan their financial future effectively as they establish their business in the home services industry.
Fresh Coat 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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Fresh Coat 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 | 165 | 166 | 174 |
Net Change YoY | 1 | 8 | |
Franchised Units | 165 | 166 | 174 |
Net Change YoY | 1 | 8 | |
Corporate Units | 0 | 0 | 0 |
Net Change YoY | 0 | 0 |
Fresh Coat offers an appealing investment opportunity with an initial investment ranging from $81,150 to $120,250. The franchise fee is set at $49,900, with ongoing royalty fees of 6% and a marketing fee of 2%. Aspiring franchisees should prepare for a cash requirement within the same range as the initial investment, alongside a net worth requirement between $300,000 and $500,000.
The average annual revenue per Fresh Coat unit stands at $533,010, with a median revenue of $484,642. Units have reported a wide range of revenue, from as low as $65,542 to as high as $2,502,197. This potential for revenue highlights the brand's ability to cater to various market segments and operational strategies.
Franchisees can expect to break even within approximately 22 months of operation. The investment payback period is notably shorter, at around 16 months. This favorable timeline makes Fresh Coat an attractive option for those seeking a quicker return on their investment.
Fresh Coat has shown steady growth in its franchise network, with 165 units in 2021, increasing to 166 in 2022, and reaching 174 in 2023. This consistent expansion indicates a healthy demand for the franchise model and the effectiveness of its operational strategies.
The average financial performance of Fresh Coat units reveals a gross profit margin of 41.66%, with an EBITDA of $50,275, representing 8.18% of revenue. These metrics suggest that franchisees can achieve a reasonable level of profitability while managing their operating expenses effectively.
Key operational expenses for Fresh Coat include advertising and marketing at $695,608 annually, along with significant costs for professional fees ($274,321) and rent ($110,246). Understanding these expenses is crucial for franchisees to manage their budgets and optimize profitability effectively.
Frequently Asked Questions
The initial investment for a Fresh Coat franchise ranges from $81,150 to $120,250, which includes the franchise fee of $49,900.