What’s the Typical Investment for Our Franchise?
We, like all franchisors, publish a document called the Franchise Disclosure Document or FDD for short. Item 7 is the estimated investment section. This is the same regardless of the franchise brand you’re checking out.
We provide a low and high investment range. The lower numbers are in case you lease everything, have some of the required equipment already and go bare bones. We strongly discourage you from expecting this to be your startup cost. The higher figures are if you pay cash and get everything under the sun. Your investment will likely fall somewhere in between.
We suggest you develop a business plan in WRITING! We’ll provide a blank 5-year projection spreadsheet to give you the framework. Your local banker may also have a business plan template for your use. The validation process is designed to assist you in getting real numbers from existing franchise operators. Make the calls, ask the question, put it in written form.
Our all-in, startup investment ranges from $69,200 to $87,600. We expect you to add another service vehicle with the first 9 to 12 months of operation. Having capital to expand is essential. We suggest that you also budget for 6 months of personal living expenses. If you elect to start with a small office your investment will be higher too. Make you capital calculations accordingly.
It never hurts to have a prudent reserve, a spouse or partner that’s still working full time and enough capital to live on until the business accomplishes three key objectives:
- Positive cash flow
- Breaking even
- Return on investment
Key Point to Remember – Our franchise investigation process is designed to help you get the facts and get the numbers. All you have to do is follow the system!