Molly Maid Franchise
Friday, April 30, 2010 at 07:43AM Residential cleaning services
After founding Molly Maid in 1979 in Canada, David McKinnon brought the company to the United States in 1984. The company's network of franchises has grown to include international locations.
From carpets to counters and baseboards to bathrooms, franchise business owners offer residential cleaning from locally owned locations nationwide.
Start-up Costs & Franchises Fees
What is the total cost to open a Molly Maid Franchises?
Total Cost: $66,700-$112,000 USD
Total Franchise Fees: $9,900
Ongoing Royalty Fees: 5-7%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Contact Information for Molly Maid
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Molly Maid |
Phone Number: (800)665-5962 |
Molly Maid In the Press
No results at this time.Historical Expansion
In what year did Molly Maid begin operations? 1979
When did Molly Maid begin selling franchises? 1979
Year United States Canada International Corporate 2005 321 156 168 0 2004 303 156 128 0 2003 272 172 106 0 2002 271 170 100 0 2001 277 170 95 5
Future Expansion
Countries of Interest:
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 No Inventory No No Accounts Receivable No No Payroll No No
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, National media
Franchise Operation Restrictions
30% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 14
Absentee ownership of franchise is allowed. (99% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience
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