Starting a Molly Maid franchise involves several key steps and financial considerations. Here’s an overview:

Initial Franchise Fee:

• Approximately $14,900.

Territory Fee:

• Ranges from $45,000 to $70,000, depending on the market size and location.

Total Estimated Initial Investment:

• Between $138,300 and $196,200, covering startup costs such as equipment, supplies, and marketing.

Financial Requirements:

• Minimum available liquid capital: $65,000.
• Minimum net worth: $250,000.

Ongoing Fees:

• Royalties: Typically a percentage of gross sales.
• Marketing contributions: A percentage of gross sales.

Training and Support:

• Comprehensive training program covering operations, marketing, and customer service.
• Ongoing support from a dedicated business advisor and access to a network of franchisees.

Financing Options:

• Self-funding.
• Third-party lenders.
• Small Business Administration (SBA) loans.
• Investment account rollovers.
• Line of credit.
• Franchisor financing (available with select Neighborly brands).

Veteran Discounts:

• A 20% discount on the initial territory fee is available for qualified veterans through the VetFran program.

Market Potential:

• The domestic cleaning industry is valued at approximately £8.5 billion in the UK, indicating significant market opportunities.

Additional Considerations:

• The initial investment and financial requirements may vary based on the specific market and territory.
• It’s essential to conduct thorough due diligence and consult with financial advisors before proceeding.

Disclaimer: This information is provided for general informational purposes only and has no guarantee of accuracy. Please consult with official Molly Maid representatives and financial advisors for the most current and personalized information.