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Window Genie Franchise ProfileCleaning Franchises > Residential Cleaning |
What Are the Initial Investment Requirements for a Window Genie Franchise?
To open a Window Genie franchise, you will need to prepare for a total initial investment ranging from $141,700 to $267,560. This includes a franchise fee of $62,500. Additionally, you should have liquid cash available between $62,500 and $70,560 and a net worth between $300,000 and $1,000,000 to meet the financial prerequisites of the franchise.
What Are the Ongoing Fees Associated with a Window Genie Franchise?
As a Window Genie franchisee, you will be responsible for ongoing fees that include a royalty fee of 7% of your gross revenue and a marketing fee of 2%. These fees contribute to the overall support and branding efforts provided by the franchise, ensuring you have the resources to grow your business effectively.
What Is the Average Revenue Potential for a Window Genie Franchise?
The average annual revenue for a Window Genie franchise unit is approximately $451,879, with a median revenue of $508,000. This indicates a strong revenue potential, with the highest reported annual revenue reaching $949,999. Understanding these figures can help you evaluate the profitability of this franchise opportunity.
How Long Does It Take to Break Even with a Window Genie Franchise?
Franchisees can expect to reach their breakeven point within 18 months of opening their Window Genie location. With an investment payback period of about 24 months, this timeline suggests that with effective management and marketing strategies, you have a clear path to profitability in a relatively short timeframe.
Window Genie 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:
Window Genie 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 | 124 | 113 | 106 |
| Net Change YoY | -11 | -7 | |
| Franchised Units | 124 | 113 | 106 |
| Net Change YoY | -11 | -7 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | 0 | 0 |
Franchise Overview
Window Genie is a leading franchise in the home services sector, specializing in window cleaning, window tinting, pressure washing, and gutter cleaning. Established to provide high-quality services to residential and commercial customers, Window Genie has built a reputation for excellence and reliability. With a focus on customer satisfaction and a commitment to professional standards, the brand has expanded its footprint across the United States.
Investment Requirements
Starting a Window Genie franchise requires an initial investment ranging from $141,700 to $267,560. This includes a franchise fee of $62,500. Prospective franchisees should have a cash reserve between $62,500 and $70,560, along with a net worth of $300,000 to $1,000,000. This investment structure is designed to ensure that franchisees are well-equipped to launch and sustain their business operations.
Financial Performance
The average annual revenue for a Window Genie unit is approximately $451,879, with a gross profit margin of 84.8%. Franchisees can expect a breakeven period of around 18 months and an investment payback period of about 24 months. This financial performance underscores the potential profitability of the franchise, making it an attractive opportunity for aspiring entrepreneurs.
Franchise Growth
Window Genie has shown steady growth in its franchise network, with 124 franchised units in 2021, 113 in 2022, and 106 in 2023. Although the number of units has slightly declined, the brand continues to maintain a strong presence in the home services market. This trend reflects the importance of strategic market positioning and operational efficiency in sustaining franchise success.
Royalties and Fees
Franchisees are required to pay a royalty fee of 7% of gross sales, along with a marketing fee of 2%. These fees contribute to the ongoing support and brand development provided by Window Genie, ensuring that franchisees benefit from national marketing efforts and operational guidance. Understanding these financial obligations is crucial for prospective franchisees when evaluating their investment.
Training and Support
Window Genie offers comprehensive training and support to its franchisees, including initial training programs and ongoing operational assistance. Franchisees receive guidance on marketing strategies, customer service best practices, and business management. This robust support system is designed to help franchisees succeed and grow their businesses, fostering a collaborative and successful franchise community.
Frequently Asked Questions
The initial investment for a Window Genie franchise ranges from $141,700 to $267,560, which includes the franchise fee of $62,500.