MaidPro Franchise FDD, Profits, Costs & Fees (2024)
MaidPro is a residential and commercial cleaning service franchise that began in 1991 in Boston’s historic Beacon Hill neighborhood.
Founded by Mark Kushinsky and Richard Sparacio, the company has grown significantly over the years. Its headquarters remain in Boston, Massachusetts. MaidPro started franchising in 1997, expanding its reach across the United States and Canada.
The franchise offers comprehensive cleaning services tailored to individual client needs, emphasizing personalized care and attention to detail. MaidPro differentiates itself from competitors through its flexible and franchisee-friendly approach.
Unlike many franchisors, MaidPro does not impose strict marketing spend requirements or mandate the purchase of supplies from specific vendors, allowing franchisees greater autonomy in managing their businesses.
Currently, MaidPro operates over 265 franchise units across the U.S. and Canada. The company continues to offer franchising opportunities within the United States, seeking individuals who align with its values and are eager to join its growing network.
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Initial Investment
How much does it cost to start a MaidPro franchise? It costs on average between $106,000 – $131,000 to start a MaidPro franchised facility.
This includes costs for initial training, cleaning equipment, supplies, marketing, and initial operating expenses. The exact amount depends on various factors, including the size of the territory, the local market, and whether the franchisee chooses to operate from a home office or lease a commercial space.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $45,000 |
| Travel and Living Expenses while Training | $3,800 – $4,500 |
| Equipment | $5,650 – $7,650 |
| Miscellaneous Opening Costs | $6,160 – $8,850 |
| Cost for Initial Vehicle with Signage (lease) | $5,300 – $7,200 |
| Initial Printing Materials | $1,300 |
| Advertising – Initial 3 Months | $12,000 |
| Real Estate | $5,550 – $9,300 |
| Insurance | $2,000 – $12,000 |
| Additional Funds – 3 Months | $18,800 – $23,000 |
| Total | $105,560 – $130,800 |
Average Revenue (AUV)
How much revenue can you make with a MaidPro franchise? A MaidPro franchised business makes on average $375,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $436,000 yearly revenue for similar commercial cleaning franchises.
Below are a few competitors in comparison:
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MaidPro Franchise Disclosure Document
Frequently Asked Questions
How many MaidPro locations are there?
As of the latest data, MaidPro operates over 265 franchise locations across the United States and Canada. The company primarily follows a franchise model, with the majority of its locations owned and operated by franchisees.
What is the total investment required to open a MaidPro franchise?
The total investment required to open a MaidPro franchise ranges from $106,000 to $131,000.
What are the ongoing fees for a MaidPro franchise?
MaidPro franchisees pay a 6% royalty fee on gross sales and a 2% brand fund fee for marketing and advertising support. These fees help maintain brand standards and provide operational and promotional resources.
What are the financial requirements to become a MaidPro franchisee?
To become a MaidPro franchisee, candidates are typically required to have a minimum net worth of $150,000 and liquid capital ranging from $35,000 to $75,000. These financial prerequisites ensure that franchisees possess the necessary resources to establish and sustain their business operations effectively
How much can a MaidPro franchise owner expect to earn?
The average gross sales for a MaidPro franchise are approximately $0.38 million per location. Assuming a 15% operating profit margin, $0.38 million yearly revenue can result in $57,000 EBITDA annually.
Who owns MaidPro?
MaidPro is owned by The Riverside Company, a global private equity firm that acquired it in April 2021. MaidPro is part of Threshold Brands, a platform with other service-oriented franchises like FlyFoe, Men in Kilts, Pestmaster, and USA Insulation. This integration aims to enhance growth and operational efficiency across the brands.
Disclaimer
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