Merry Maids Franchise Prices, Charges, Revenues, Income (2023 Overview)

On this unique Franchise Chatter FDD Discuss publish, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a Merry Maids franchise, primarily based on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise charge, royalty charge, and advertising and marketing charge for a Merry Maids franchise, primarily based on Gadgets 5 and 6 of the corporate’s 2022 FDD

Part III – Variety of franchised and company-owned Merry Maids retailers at first of the yr and the top of the yr for 2019, 2020, and 2021, primarily based on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the Merry Maids franchise alternative

Part V – Presentation and evaluation of Merry Maids’ monetary efficiency representations (common revenues and/or income), primarily based on Merchandise 19 of the corporate’s 2022 FDD, together with data on the:

• fiscal yr 2021 common, median, highest, and lowest product sales for the highest 10%, prime quartile, 2nd quartile, third quartile, backside quartile, backside 10%, and all 975 Merry Maids lively franchises that (i) opened prior the coated interval, (ii) reported product sales in all 12 months of the coated interval, and (iii) had been owned by the identical proprietor all through the coated interval

• fiscal yr 2021 common, median, highest, and lowest product sales for the 975 Merry Maids lively franchises, grouped by territory measurement (full-sized, mid-sized, and small-sized)

• fiscal yr 2021 common, median, highest, and lowest product sales for the highest 10%, prime quartile, 2nd quartile, third quartile, backside quartile, backside 10%, and all 301 Merry Maids franchise possession teams with lively franchises within the coated interval

• fiscal yr 2021 common, median, highest, and lowest product sales per franchise possession group and per lively franchise for the 301 Merry Maids franchise possession teams with lively franchises within the coated interval, grouped by variety of lively franchises within the franchise possession group

Part VI – Key ratios, comparables, computations, and analyses for the Merry Maids franchise alternative (unique content material for Platinum subscribers)

Part I – Merry Maids Franchise Prices

• Merry Maids franchise prices, primarily based on Merchandise 7 of the corporate’s 2022 FDD:

• Preliminary Charge:  Full-Sized Territory: $41,500 to $51,500; Mid-Sized Territory: $41,500; Small-Sized Territory: $37,500
• Journey and Dwelling Bills Throughout Coaching:  $600 to $1,500
• Actual Property and Enhancements:  $2,000 to $4,000
• Software program and Pill:  $900 to $2,100
• Workplace Gear:  $5,250 to $6,850
• Opening Stock Bundle Bills:  $300 to $600
• Insurance coverage:  $3,400 to $9,400
• Worker Screening:  $80 to $160
• Phone Answering Service:  $50 to $300
• On-line Advertising and marketing Fund Deposit:  $3,000
• Miscellaneous Opening Prices:  $1,400 to $10,000
• Skilled Charges:  $5,000 to $15,000
• Extra Funds (3 Months):  $35,000 to $40,000
• Complete Estimated Merry Maids Franchise Prices:  Full-Sized Territory: $98,480 to $144,425; Mid-Sized Territory: $98,480 to $134,410; Small-Sized Territory: $94,480 to $130,410

Part II – Merry Maids’ Preliminary Franchise Charge, Royalty Charge, and Advertising and marketing Charge

• Merry Maids’ preliminary franchise charge, royalty charge, and advertising and marketing charge, primarily based on Gadgets 5 and 6 of the corporate’s 2022 FDD:

• Preliminary Charge:  Full-Sized Territory: $41,500 to $51,500; Mid-Sized Territory: $41,500; Small-Sized Territory: $37,500
• Royalty:  7% of Gross Gross sales (as much as $500K Gross Gross sales); 5% of Gross Gross sales (above $500K Gross Gross sales)
• Advert Fund Contribution:  1.3% of Gross Gross sales per week

Part III – Variety of Franchised and Firm-Owned Merry Maids Shops

Franchised

2019

• Shops on the Begin of the 12 months:  1,009
• Shops on the Finish of the 12 months:  1,005
• Web Change:  -4

2020

• Shops on the Begin of the 12 months:  1,005
• Shops on the Finish of the 12 months:  1,000
• Web Change:  -5

2021

• Shops on the Begin of the 12 months:  1,000
• Shops on the Finish of the 12 months:  996
• Web Change:  -4

Firm-Owned

2019

• Shops on the Begin of the 12 months:  3
• Shops on the Finish of the 12 months:  3
• Web Change:  0

2020

• Shops on the Begin of the 12 months:  3
• Shops on the Finish of the 12 months:  3
• Web Change:  0

2021

• Shops on the Begin of the 12 months:  3
• Shops on the Finish of the 12 months:  0
• Web Change:  -3

Part IV – Information Updates on the Merry Maids Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Merry Maids Franchise (Merchandise 19, 2022 FDD)

• This Merchandise 19 presents details about the monetary efficiency throughout the interval from November 1, 2020 to October 31, 2021 (the “Lined Interval”) for sure Franchised Companies that had been Energetic Franchises all through the Lined Interval.

• An “Energetic Franchise” is a Franchised Enterprise that (i) opened prior the Lined Interval, (ii) reported Gross Gross sales in all 12 months of the Lined Interval, and (iii) was owned by the identical proprietor all through the Lined Interval.

• Merry Maids has introduced efficiency knowledge by the Lined Interval somewhat than its fiscal yr, as a result of it had ample knowledge throughout the Lined Interval to precisely allocate income by zip code to the proper Territory and Franchised Enterprise.

• As well as, on this Merchandise 19, Merry Maids has introduced some knowledge by Franchise Possession Teams. A “Franchise Possession Group” or “FOG” consists of a number of Franchised Companies which are owned by a number of entities which are affiliated with one another by widespread possession. Merry Maids believes Franchise Possession Teams are the perfect measurement of its franchisee’s precise enterprise operations, as a lot of its franchisees function a number of Franchised Companies inside one total enterprise.

• This Merchandise 19 doesn’t embrace knowledge associated to (i) company-owned items and (ii) Franchised Companies that weren’t Energetic Franchise working all through the entire Lined Interval, as a result of such Franchised Companies opened, closed, had been reacquired by Merry Maids, or had been transferred to a brand new proprietor throughout the Lined Interval or didn’t report Gross Gross sales for all 12 months of the Lined Interval.

• Within the tables beneath, Merry Maids has introduced (i) Gross Gross sales knowledge for all Energetic Franchises that operated all through the Lined Interval, (ii) Gross Gross sales knowledge for all Franchise Possession Teams with Energetic Franchises that operated all through the Lined Interval, and (iii) Gross Gross sales knowledge for each Energetic Franchises and Franchise Possession Teams, organized by variety of Energetic Franchises inside every Franchise Possession Group.

Half 1A – Gross Gross sales for Energetic Franchises within the Lined Interval

High 10%

• Variety of Energetic Franchises:  98
• Common Gross Gross sales:  $730,790
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  35/35.7%
• Median Gross Gross sales:  $654,131
• Lowest Gross Gross sales:  $542,357
• Highest Gross Gross sales:  $1,437,091

High Quartile

• Variety of Energetic Franchises:  244
• Common Gross Gross sales:  $539,900
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  98/40.2%
• Median Gross Gross sales:  $471,965
• Lowest Gross Gross sales:  $335,204
• Highest Gross Gross sales:  $1,437,091

2nd Quartile

• Variety of Energetic Franchises:  243
• Common Gross Gross sales:  $262,997
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  110/45.3%
• Median Gross Gross sales:  $258,612
• Lowest Gross Gross sales:  $206,409
• Highest Gross Gross sales:  $335,061

third Quartile

• Variety of Energetic Franchises:  244
• Common Gross Gross sales:  $157,881
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  117/48%
• Median Gross Gross sales:  $155,974
• Lowest Gross Gross sales:  $115,723
• Highest Gross Gross sales:  $206,336

Backside Quartile

• Variety of Energetic Franchises:  244
• Common Gross Gross sales:  $67,354
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  129/52.9%
• Median Gross Gross sales:  $69,610
• Lowest Gross Gross sales:  $952
• Highest Gross Gross sales:  $115,209

Backside 10%

• Variety of Energetic Franchises:  98
• Common Gross Gross sales:  $35,830
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  55/56.1%
• Median Gross Gross sales:  $38,257
• Lowest Gross Gross sales:  $952
• Highest Gross Gross sales:  $59,491

Complete

• Variety of Energetic Franchises:  975
• Common Gross Gross sales:  $256,865
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  370/37.9%
• Median Gross Gross sales:  $257,129
• Lowest Gross Gross sales:  $952
• Highest Gross Gross sales:  $1,437,091

Half 1B – Gross Gross sales by Market Measurement for Energetic Franchises within the Lined Interval

Full-Sized Territory

• Variety of Energetic Franchises:  441
• Common Gross Gross sales:  $301,462
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  163/37%
• Median Gross Gross sales:  $239,358
• Lowest Gross Gross sales:  $1,293
• Highest Gross Gross sales:  $1,437,091

Mid-Sized Territory

• Variety of Energetic Franchises:  367
• Common Gross Gross sales:  $238,307
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  150/40.9%
• Median Gross Gross sales:  $187,050
• Lowest Gross Gross sales:  $952
• Highest Gross Gross sales:  $1,246,899

Small-Sized Territory

• Variety of Energetic Franchises:  167
• Common Gross Gross sales:  $181,688
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  63/37.7%
• Median Gross Gross sales:  $123,670
• Lowest Gross Gross sales:  $4,365
• Highest Gross Gross sales:  $932,904

All Territories

• Variety of Energetic Franchises:  975
• Common Gross Gross sales:  $257,129
• Quantity and Proportion of Energetic Franchises Attaining or Exceeding Common Gross Gross sales:  370/37.9%
• Median Gross Gross sales:  $206,373
• Lowest Gross Gross sales:  $952
• Highest Gross Gross sales:  $1,437,091

• As of October 31, 2021 (the top of the Lined Interval), there have been 996 Franchised Companies. Of these 996 Franchised Companies, 975 (97.9%) had been Energetic Franchise all through the Lined Interval and are represented in these tables.

• These tables don’t embrace (i) 19 Franchised Companies that didn’t function by means of all 12 months of the Lined Interval and (ii) two Franchised Companies that had been transferred by Merry Maids to a brand new proprietor within the Lined Interval.

• These tables additionally don’t embrace eight Franchised Companies that ceased working within the Lined Interval (none of which had opened throughout the 12 months previous to the date such Franchised Enterprise closed).

• As outlined in Merchandise 1, a Small-Sized Territory comprises as much as 20,000 Certified Households, a Mid-Sized Territory comprises 20,000 to 39,999 Certified Households, and a Full-Sized Territory comprises 40,000 or extra Certified Households.

Half 2 – Gross Gross sales for Franchise Possession Teams with Energetic Franchises within the Lined Interval

High 10%

• Variety of Franchise Possession Teams:  30
• Common Gross Gross sales:  $2,824,909
• Quantity and Proportion of Franchise Possession Teams Attaining or Exceeding Common Gross Gross sales:  11/36.7%
• Median Gross Gross sales:  $2,205,918
• Lowest Gross Gross sales:  $1,599,896
• Highest Gross Gross sales:  $8,277,321

High Quartile

• Variety of Franchise Possession Teams:  75
• Common Gross Gross sales:  $1,913,114
• Quantity and Proportion of Franchise Possession Teams Attaining or Exceeding Common Gross Gross sales:  24/32%
• Median Gross Gross sales:  $1,461,600
• Lowest Gross Gross sales:  $1,104,177
• Highest Gross Gross sales:  $8,277,321

2nd Quartile

• Variety of Franchise Possession Teams:  75
• Common Gross Gross sales:  $775,989
• Quantity and Proportion of Franchise Possession Teams Attaining or Exceeding Common Gross Gross sales:  35/46.7%
• Median Gross Gross sales:  $751,276
• Lowest Gross Gross sales:  $577,803
• Highest Gross Gross sales:  $1,062,729

third Quartile

• Variety of Franchise Possession Teams:  75
• Common Gross Gross sales:  $456,916
• Quantity and Proportion of Franchise Possession Teams Attaining or Exceeding Common Gross Gross sales:  33/44%
• Median Gross Gross sales:  $447,562
• Lowest Gross Gross sales:  $335,061
• Highest Gross Gross sales:  $576,627

Backside Quartile

• Variety of Franchise Possession Teams:  76
• Common Gross Gross sales:  $190,684
• Quantity and Proportion of Franchise Possession Teams Attaining or Exceeding Common Gross Gross sales:  42/55.3%
• Median Gross Gross sales:  $215,177
• Lowest Gross Gross sales:  $1,293
• Highest Gross Gross sales:  $332,762

Backside 10%

• Variety of Franchise Possession Teams:  30
• Common Gross Gross sales:  $95,506
• Quantity and Proportion of Franchise Possession Teams Attaining or Exceeding Common Gross Gross sales:  17/56.7%
• Median Gross Gross sales:  $106,076
• Lowest Gross Gross sales:  $1,293
• Highest Gross Gross sales:  $179,655

Complete

• Variety of Franchise Possession Teams:  301
• Common Gross Gross sales:  $832,038
• Quantity and Proportion of Franchise Possession Teams Attaining or Exceeding Common Gross Gross sales:  100/33.2%
• Median Gross Gross sales:  $576,627
• Lowest Gross Gross sales:  $1,293
• Highest Gross Gross sales:  $8,277,321

• As of October 31, 2021 (the top of the Lined Interval), there have been 305 Franchise Possession Teams. Of these 305 Franchise Possession Teams, 301 (98.7%) Franchise Possession Teams had not less than one Energetic Franchise all through the Lined Interval and are represented on this desk.

• This desk doesn’t embrace 4 Franchise Possession Teams that didn’t report Gross Gross sales by means of all 12 months of the Lined Interval. No Franchise Possession Teams transferred, opened, or ceased working all of their Franchised Companies throughout the Lined Interval.

Half 3 – Gross Gross sales by Variety of Energetic Franchises in Franchise Possession Group within the Lined Interval

1 Energetic Franchise in Franchise Possession Group

• Variety of Franchise Possession Teams:  96
• Common Gross Gross sales:  $382,329
• Quantity and Proportion of Franchise Possession Teams at or Above Common Gross Gross sales:  42/43.8%
• Median Gross Gross sales:  $329,217
• Lowest Gross Gross sales:  $1,293
• Highest Gross Gross sales:  $1,248,924

• Variety of Energetic Franchises:  96
• Common Gross Gross sales:  $382,329
• Quantity and Proportion of Energetic Franchises at or Above Common Gross Gross sales:  42/43.8%
• Median Gross Gross sales:  $329,217
• Lowest Gross Gross sales:  $1,293
• Highest Gross Gross sales:  $1,248,924

2 Energetic Franchises in Franchise Possession Group

• Variety of Franchise Possession Teams:  79
• Common Gross Gross sales:  $558,959
• Quantity and Proportion of Franchise Possession Teams at or Above Common Gross Gross sales:  33/41.8%
• Median Gross Gross sales:  $481,934
• Lowest Gross Gross sales:  $112,854
• Highest Gross Gross sales:  $1,599,896

• Variety of Energetic Franchises:  158
• Common Gross Gross sales:  $279,479
• Quantity and Proportion of Energetic Franchises at or Above Common Gross Gross sales:  63/39.9%
• Median Gross Gross sales:  $224,456
• Lowest Gross Gross sales:  $26,086
• Highest Gross Gross sales:  $1,162,433

3 to 4 Energetic Franchises in Franchise Possession Group

• Variety of Franchise Possession Teams:  69
• Common Gross Gross sales:  $891,134
• Quantity and Proportion of Franchise Possession Teams at or Above Common Gross Gross sales:  31/44.9%
• Median Gross Gross sales:  $791,344
• Lowest Gross Gross sales:  $180,968
• Highest Gross Gross sales:  $1,964,993

• Variety of Energetic Franchises:  231
• Common Gross Gross sales:  $266,183
• Quantity and Proportion of Energetic Franchises at or Above Common Gross Gross sales:  88/38.1%
• Median Gross Gross sales:  $222,317
• Lowest Gross Gross sales:  $4,962
• Highest Gross Gross sales:  $953,326

5 to 7 Energetic Franchises in Franchise Possession Group

• Variety of Franchise Possession Teams:  37
• Common Gross Gross sales:  $1,333,089
• Quantity and Proportion of Franchise Possession Teams at or Above Common Gross Gross sales:  16/43.2%
• Median Gross Gross sales:  $1,227,494
• Lowest Gross Gross sales:  $299,109
• Highest Gross Gross sales:  $3,448,097

• Variety of Energetic Franchises:  222
• Common Gross Gross sales:  $222,182
• Quantity and Proportion of Energetic Franchises at or Above Common Gross Gross sales:  90/40.5%
• Median Gross Gross sales:  $179,772
• Lowest Gross Gross sales:  $22,306
• Highest Gross Gross sales:  $1,437,091

8 to 24 Energetic Franchises in Franchise Possession Group

• Variety of Franchise Possession Teams:  20
• Common Gross Gross sales:  $2,938,479
• Quantity and Proportion of Franchise Possession Teams at or Above Common Gross Gross sales:  9/45%
• Median Gross Gross sales:  $2,646,170
• Lowest Gross Gross sales:  $330,768
• Highest Gross Gross sales:  $8,277,321

• Variety of Energetic Franchises:  268
• Common Gross Gross sales:  $219,289
• Quantity and Proportion of Energetic Franchises at or Above Common Gross Gross sales:  99/36.9%
• Median Gross Gross sales:  $180,539
• Lowest Gross Gross sales:  $952
• Highest Gross Gross sales:  $1,238,747

All

• Variety of Franchise Possession Teams:  301
• Common Gross Gross sales:  $832,038
• Quantity and Proportion of Franchise Possession Teams at or Above Common Gross Gross sales:  97/32.2%
• Median Gross Gross sales:  $573,486
• Lowest Gross Gross sales:  $1,293
• Highest Gross Gross sales:  $8,277,321

• Variety of Energetic Franchises:  975
• Common Gross Gross sales:  $256,865
• Quantity and Proportion of Energetic Franchises at or Above Common Gross Gross sales:  370/37.9%
• Median Gross Gross sales:  $206,373
• Lowest Gross Gross sales:  $952
• Highest Gross Gross sales:  $1,437,091

• Some franchises have offered or earned this quantity. Your particular person outcomes could differ. There isn’t a assurance that you simply’ll promote or earn as a lot.

• “Gross Gross sales” means all billings of the Franchised Enterprise, whether or not or not collected, together with however not restricted to money gross sales and gross sales on account, monies billed for maid cleansing companies whether or not carried out by you or subcontracted, monies billed in reference to commerce or barter agreements, or monies billed for every other cleansing and/or upkeep of any construction, inside or exterior.

• Some Franchised Companies earned income by means of gross sales made outdoors of their Territories in Territories that haven’t but been licensed or in Territories licensed to different franchisees. Merry Maids has not included within the knowledge any Gross Gross sales earned from zip codes outdoors of the Territories licensed to every Franchised Enterprise, as a result of most Franchised Companies are usually not licensed to simply accept orders from prospects outdoors of their outlined Territories.

• These gross sales figures don’t mirror the prices of gross sales, working bills, or different prices or bills that should be deducted from the Gross Gross sales figures to acquire your web revenue or revenue. Merry Maids calculated the figures within the tables in these monetary efficiency representations utilizing monetary stories submitted by franchisees. Merry Maids has not audited or independently verified these monetary stories nor has it requested questions of the submitting franchisees to find out whether or not they’re in reality correct and full, though Merry Maids has no data or different cause to consider that they’re unreliable.

• With the intention to correctly allocate income to every Franchised Enterprise, Merry Maids recognized every sale by zip code and assigned the income to the suitable Franchised Enterprise.

• No licensed public accountant has audited these figures or expressed his or her opinion regarding their content material or type.

Part VI – Merry Maids Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️