| Liquid capital required | $100,000 |
|---|---|
| Net worth required | $100,000 |
| Investment | $242,100 - $428,050 |
| Franchise fee | $30,000 |
| Units in operation | 2 |
From this website
From this website
From this website
What franchise is the most profitable to own?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much does a franchise cost?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
How do you make money owning a franchise?
A franchisor makes money from royalties and fees paid by the franchise owners. A franchise owner makes money through profits received from sales and service transactions. This is generally the left-over amount of money received from revenue after overhead costs are taken out.
Is Michael and son a franchise?
To buy a franchise with Michael & Son Services, you'll need to have at least $80,000 in liquid capital and a minimum net worth of $250,000. Franchisees can expect to make a total investment of $80,000 - $470,000. They also offer a discount for veterans ($5,000 Towards Initial Product Order).
What is the best and cheapest franchise to open?
What are the cheapest franchises to buy?Cruise Planners. Franchise fee: $10,995. ... Jazzercise. Franchise fee: $1,250. ... Help-U-Sell Real Estate. Franchise fee: $15,000. ... United Country Real Estate. Franchise fee: $8,000 to $20,000. ... Stratus Building Solutions. ... Anago Cleaning Systems. ... JAN-PRO. ... Dream Vacations.
What does a KFC franchise cost?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
Is owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
Is it smart to buy a franchise?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
Do franchise owners have to work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
How much does a franchise owner make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
How much is a franchise McDonald's?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
What is Starbucks franchise fee?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
How much does it cost to buy a franchise in UK?
The initial franchise fee is usually the most expensive fee you have to pay on your journey to becoming a franchise owner. This fee can usually range from anywhere between £300 all the way to £250,000 and up, depending on which franchise you decide to make an investment in.
About Us
Michael & Son ™ is a family owned and run business that has been established for over 34 years. We have a long, rich history of providing superior home services in the Electrical, Plumbing, HVAC and Duct Cleaning industries to countless loyal customers throughout Maryland, Virginia and Washington, D.C.
Why Us
Because we are unlike other home service franchises being offered today. Here are just some of the advantages:
Training & Support
We provide Start-up Assistance, Training, and the Resources you'll need to build your Michael & Son Plumbing, Electrical, HVAC, and/or Duct Cleaning franchise. From business and staff management practices to superior customer service, we'll teach you how! We provide you with the knowhow and the tools you'll need to run your business.
Ideal Candidate
We are looking for franchise owners who are interested in a unique ground floor business opportunity. Owners who have great customer service skills, sales and/or management experience, are hard working, goal oriented and beleive in a strong team concept. Experience in the services trade is very helpful but not necessary.
