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Oxi Fresh Carpet Cleaning Franchise ProfileCleaning Franchises > Carpet Cleaning |
What Are the Initial Investment Requirements for an Oxi Fresh Carpet Cleaning Franchise?
To start an Oxi Fresh Carpet Cleaning franchise, you'll need an initial investment ranging from $52,775 to $82,830. This includes a franchise fee of $46,900. Additionally, you should have at least $5,000 in cash readily available and a net worth between $100,000 and $200,000. Understanding these financial requirements is crucial for aspiring franchisees to assess their readiness for this business opportunity.
What Are the Ongoing Fees Associated with Oxi Fresh Carpet Cleaning?
Owning an Oxi Fresh Carpet Cleaning franchise involves ongoing fees that contribute to the overall operational costs. Franchisees are required to pay a royalty fee of 3% of their gross sales, along with a marketing fee of 3%. These fees are essential for maintaining brand standards and supporting national advertising efforts, which can help drive customer traffic to your business.
What Is the Potential Revenue for an Oxi Fresh Carpet Cleaning Franchise?
The average annual revenue for an Oxi Fresh Carpet Cleaning unit is approximately $153,286, with a median annual revenue of $111,277. However, revenue can vary significantly, with the lowest reported annual revenue at $9,948.94 and the highest reaching $1,291,912. This wide range highlights the importance of location, market demand, and effective management in determining financial success.
How Quickly Can You Expect to Break Even with an Oxi Fresh Carpet Cleaning Franchise?
Franchisees can expect to reach their breakeven point within 12 months of operation, with an investment payback period of about 18 months. This relatively quick return on investment is appealing to many entrepreneurs, as it indicates that with the right strategies and market conditions, profitability can be achieved in a short timeframe.
Oxi Fresh Carpet Cleaning 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:
Oxi Fresh Carpet Cleaning 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 | 414 | 458 | 478 |
| Net Change YoY | 44 | 20 | |
| Franchised Units | 401 | 445 | 465 |
| Net Change YoY | 44 | 20 | |
| Corporate Units | 13 | 13 | 13 |
| Net Change YoY | 0 | 0 |
Company Background
Oxi Fresh Carpet Cleaning is a modern carpet cleaning franchise that has revolutionized the industry with its eco-friendly, fast-drying cleaning system. Founded in 2006, Oxi Fresh has quickly gained recognition for its innovative approach, utilizing oxygen-powered cleaning technology to provide effective results without the use of harmful chemicals. With a commitment to sustainability, Oxi Fresh has expanded to over 465 locations across the United States, making it a prominent player in the carpet cleaning market.
Franchise Opportunity
Investing in an Oxi Fresh franchise presents a unique opportunity for aspiring entrepreneurs looking to enter the service industry. With a low initial investment ranging from $52,775 to $82,830, franchisees can tap into a proven business model that emphasizes efficiency and customer satisfaction. The franchise requires a cash reserve of $5,000 and a net worth between $100,000 and $200,000, making it accessible for a diverse range of investors eager to build a successful business.
Corporate Structure
Oxi Fresh Carpet Cleaning is operated by Oxi Fresh Franchising, LLC, which is headquartered in Lakewood, Colorado. The company maintains a strong corporate presence with 13 company-owned locations, ensuring that they have firsthand experience in managing operations. This structure allows Oxi Fresh to provide robust support and resources to its franchisees, fostering a collaborative environment that encourages growth and success within the franchise network.
Royalties
Franchisees of Oxi Fresh Carpet Cleaning are required to pay a royalty fee of 3% of gross sales, in addition to a marketing fee of 3%. This dual fee structure supports both ongoing operational needs and national advertising efforts, ensuring that the brand remains visible and competitive in the marketplace. With these contributions, franchisees benefit from a strong marketing presence and the backing of a well-established brand.
Financial Performance
Oxi Fresh Carpet Cleaning units have demonstrated impressive financial performance, with average annual revenue per unit reported at $153,286 and a median of $111,277. The franchise boasts a breakeven time of just 12 months and an investment payback period of 18 months. These metrics highlight the potential for profitability and a quick return on investment, making Oxi Fresh an attractive option for franchisees seeking financial success in the service industry.
Brand Mission
Oxi Fresh Carpet Cleaning’s mission is to provide high-quality carpet cleaning services while prioritizing environmental sustainability. The brand aims to deliver exceptional results through innovative cleaning methods that are safe for families and pets. By focusing on customer satisfaction and community engagement, Oxi Fresh strives to create lasting relationships with clients, establishing itself as a trusted name in carpet cleaning across the nation.
Frequently Asked Questions
The initial investment for an Oxi Fresh Carpet Cleaning franchise ranges from $52,775 to $82,830, which includes the franchise fee of $46,900.