MaidPro Franchise
Wednesday, May 12, 2010 at 02:51PM Professional residential cleaning services.
After recounting his bad experiences with expensive, poor-quality cleaning services to a friend, Mark Kushinksy and Richard Sparacio opened MaidPro in 1991. Within a year, MaidPro expanded its offices and was soon voted the best maid service by Boston Magazine.
Franchising began in 1997 and there are now locations nationwide.
Cleaning franchise
If the idea of owning a residential cleaning service is beginning to sound like the right decision to you, you may now be wondering whether a cleaning franchise is the road to achieving your dreams. As with any franchise opportunity, owning a cleaning franchise means you are in business for yourself, but not by yourself.
By owning and operating a franchise, you gain the advantage of years of many other business owners' experience, are shown a clear and proven road map to success, have access to expert support, yet still retain control over your own business. Operating a cleaning franchise means you start up more quickly than if you were to start a cleaning business on your own. And, with a franchise you know you are working with a profitable model of operation, and have a 95% chance of success.
Franchise opportunity
Choosing which franchise opportunity is right for you requires that you invest time into careful research. Equally important is that you understand your own personal goals. Know what you want your lifestyle to look like, have a realistic picture of both your current and your ideal financial situation, and understand what strengths and weaknesses you will bring to your new business.
Create a list of the most important factors that you believe are critical in the right franchise opportunity for your personal goals. Be prepared to ask lots of questions to help you come to the right decision, including asking questions of current owners of whatever franchises you are considering.
Start-up Costs & Franchises Fees
What is the total cost to open a MaidPro Franchises?
Total Cost: $50,000 USD -$75,900
Total Franchise Fees: $7,900
Ongoing Royalty Fees: 3-6%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $500
Contact Information for MaidPro
|
MaidPro |
Phone Number: (617)742-8787 ext. 7222 |
MaidPro In the Press
No results at this time.Historical Expansion
In what year did MaidPro begin operations? 1991
When did MaidPro begin selling franchises? 1997
Year United States Canada International Corporate 2004 41 0 0 1 2003 32 0 0 1 2002 23 0 0 1 2001 20 0 0 2 2000 15 0 0 2
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No Yes 3rd Party Financing Available? Financing Source(s): GE Capital
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, Regional advertising support
Franchise Operation Restrictions
0% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 6 - 25
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Franchise business owners should be computer literate
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes