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Maid Brigade Franchise ProfileCleaning Franchises > Residential Cleaning |
What Are the Initial Investment Requirements for a Maid Brigade Franchise?
To open a Maid Brigade franchise, you will need to consider an initial investment ranging from $119,150 to $147,850. This includes a franchise fee that falls between $27,000 and $40,700. It's essential to have liquid cash available between $95,000 and $110,000, as well as a net worth of the same amount. These financial prerequisites are crucial for securing your franchise and ensuring you can cover initial operating expenses.
What Are the Ongoing Fees for Maid Brigade Franchisees?
Maid Brigade franchisees are subject to a royalty fee of 6.90% on gross sales, which contributes to ongoing support and brand development. Additionally, a marketing fee of 2% is required to help promote the brand and attract customers. Understanding these ongoing fees is vital for financial planning and maintaining profitability in your franchise operations.
What Is the Average Revenue Potential for Maid Brigade Franchise Units?
The average annual revenue per unit for a Maid Brigade franchise is approximately $656,936, with a median annual revenue of $594,400. Revenue can vary significantly, with the lowest reported annual revenue at $24,864 and the highest reaching $6,031,108. This revenue potential highlights the opportunity for growth and profitability within the Maid Brigade system, provided that franchisees effectively manage their operations.
How Quickly Can You Expect to Break Even with a Maid Brigade Franchise?
Franchisees can expect to break even within about 12 months of operation, which is relatively quick compared to many other franchise opportunities. With an investment payback period of approximately 24 months, franchisees can anticipate recouping their initial investment within two years, making it an attractive option for aspiring entrepreneurs looking for a fast return on investment.
Maid Brigade 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:
Maid Brigade 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 | 349 | 341 | 346 |
| Net Change YoY | -8 | 5 | |
| Franchised Units | 325 | 317 | 322 |
| Net Change YoY | -8 | 5 | |
| Corporate Units | 24 | 24 | 24 |
| Net Change YoY | 0 | 0 |
Investment Overview
Maid Brigade offers a low to moderate initial investment range of $119,150 to $147,850, making it accessible for aspiring entrepreneurs. The franchise fee varies between $27,000 and $40,700, with additional ongoing costs including a 6.90% royalty fee and a 2% marketing fee. A cash requirement of $95,000 to $110,000 and a similar net worth requirement ensure that franchisees are financially prepared to launch their business.
Revenue Potential
Maid Brigade franchises have demonstrated strong revenue potential, with an average annual revenue per unit of $656,936 and a median of $594,400. The revenue range varies significantly, from as low as $24,864 to as high as $6,031,108, reflecting the potential for growth and success in various markets. This revenue capability can be a compelling factor for potential franchisees considering entry into the cleaning service industry.
Breakeven and Payback
Franchisees can expect to reach breakeven within approximately 12 months of operation, which is favorable compared to many other franchise models. The investment payback period is estimated at 24 months, allowing franchisees to recover their initial investment relatively quickly. These timelines can significantly influence decision-making for prospective investors looking for a viable business opportunity.
Franchised and Corporate Units
As of 2023, Maid Brigade operates a total of 346 units, with 322 being franchised and 24 corporate-owned. The slight fluctuation in the number of franchised units over the past few years indicates a stable franchise network. This balance allows for shared resources and support between corporate and franchise locations, enhancing operational efficiency and brand consistency.
Operational Expenses
Understanding operational expenses is crucial for franchise success. Maid Brigade's average running expenses total approximately $148,500 annually. Key expenses include rent and utilities at $12,000, local advertising at $48,000, and employee wages at $36,000. Managing these costs effectively can help franchisees optimize their profitability and ensure a sustainable business model.
Brand Mission
Maid Brigade is dedicated to providing high-quality cleaning services that enhance the lives of its customers. The brand emphasizes a commitment to eco-friendly practices and customer satisfaction, aiming to create a cleaner and healthier living environment. This mission not only resonates with consumers but also positions Maid Brigade as a responsible and trustworthy choice in the cleaning industry.
Frequently Asked Questions
The initial investment to open a Maid Brigade franchise ranges from $119,150 to $147,850, which includes the franchise fee and other startup costs.