Master Janitorial Franchise - Multi Revenue Streams

Business Overview:

This is a well-established Master janitorial franchise in the central NC area that has been offering cutting-edge cleaning services with a heavy focus on customer service. The company has been in business since 1988,and this individual business owner has been operating since 2008.  The company provides cleaning and janitorial services to a wide variety of commercial clients. As a master franchise, this business requires owner to manage new client cleaning contracts, unit franchises, and new franchise sales.  This regional developer currently has 91 franchisees in the territory.

Among the revenue streams are:

1. Royalties: The Franchisor collects 16% of the Unit franchisee gross revenue (the Master Franchise/Area Developer and the Franchisor split the royalty 70/30).  With an additional 4% going to the Area Developer for Insurance (this is a small profit center).

2. Commissions: The company receives 85% of new franchise sales (Franchisor gets 15%)

3. Upgrades : When they book a new Janitorial contract, the Contract may be offered to one of the existing franchisees. If the franchisee accepts the contracts, they are obligated to pay 3 months of the contractual monthly billing for that contract. (generally, over 12 months, deducted from franchisees proceeds)  (earned but not paid) currently at $234,279 (as of 7/15 /24) 

4.  A loan portfolio (financed franchise fees for a maximum of 36 months). The portfolio is currently valued at $18,883. (as of 7/15/24) To be paid to the seller within 30 days as paid by the franchisor to the Area Developer (Buyer)

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Property Features and Assets:

1,400 sq ft of Leased office space in an office park with 3 years left on lease featuring convenient parking and location. 

Assets = $7,500

Market Competition and Expansion:

There is a lot of competitors in this space, but also a lot of opportunity to grow market share in this dynamic and growing business community.     

The business has large growth prospects that come from signing additional unit franchises and clients through sales efforts. The Business is located in an area of central NC with a rapidly developing commercial sector.

Revenue (in current dollars) for US janitorial and carpet cleaning services is forecast to grow at an annual compounded rate of 5% between 2023 and 2028, based on changes in physical volume and unit prices, according to First Research Reports. 

Reason for Selling:

Relocating to be closer family, kids and grandkids.

Additional Details:

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