Based on Business Listings, Vetted Biz requires Businesses for Sale to share financial information on sales and earnings through credible sources, including but not limited to Tax Returns, Accounting Software, Point of Sale Software, etc….: 2020 Bar-B-Clean A franchise is when a business (franchisor) allows a party (franchisee) to acquire its know-how, procedures, processes, trademarks, intellectual property, use of its business model, brand and rights to sell its products and services. The franchisee signs a contract (franchise agreement) with the franchisor to acquire the franchise and generally has a territory granted to operate. What is a Franchise?… More Disclosure Document (FDD)
Bar-B-Clean is in the home services industry, it is a mobile business that cleans and services barbecues for residential and commercial customers within a specific geographic area. Was founded in 2012 by Bryan Weinstein, who is still the director, president and Chief Officer in Yorba Linda, California. Mr. Weinstein is also the President and Owner of CNC Financial which owns the only affiliate franchise in North Orange County, CA.
As of December 31, 2019, there is one affiliate-owned location and 28 franchised Bar-B-Clean Businesses operated by 17 franchisees. These franchises are operated in seven states: Arizona, California, Florida, Louisiana, Oklahoma, Tennessee, and Texas. The company forecasted that they would open five new franchise locations in 2020, however the results of these plans are unknown especially due to the COVID-19 pandemic.
The typical length of time between signing the Franchise Agreement or the payment of any fees and the opening of the Bar-B-Clean Business can vary from two to eight weeks. The length of franchise term is seven years.
Bar-B-Clean offers options to purchase multiple locations and discounts the initial franchise fee per territory. (See Chart Below).
The total estimated The amount of funds necessary to begin operations of a business or franchise including the first three months of operation…. of one Franchise ranges from $36,950 to $50,070. The Franchise Agreement grants you an exclusive territory which generally includes up to 100,000 households with incomes of $50,000 and above.
Honorably discharged veterans of the United States armed forces and their spouses receive a 15% discount on the Initial Franchise Fee for each Bar-B-Clean Franchise (the “Veteran Discount”).
These are estimated initial expenses based on the best estimate of the costs you may incur in establishing and operating your Bar-B-Clean Franchise. Bar-B-Clean does not offer direct or indirect financing for these items.
The factors underlying Bar-B-Clean’s estimates may vary depending on several variables, and the actual investment you make in developing and opening your Franchise may be greater or less than the estimates given depending upon the location of your Franchise, and current relevant market conditions.
Your costs will also depend on factors such as how well you follow Bar-B-Clean’s methods and procedures; your management skills; your business experience and capabilities; and current local economic conditions.
Below is a list of the costs that factor in the range of startup costs from $36,950 – $50,070.
Continuing Royalty: 8% of monthly Gross Revenues
“The total amount in dollars made in the business before expenses are deducted. See also Sales….” is all income from a sale of any branded products or services. Gross revenue reporting excludes the Also known as Cost of Sales, Cost of Goods Sold includes the direct costs associated with generating revenue. Depending on the business, it can be physical products, supplies, and/or payroll…. More (COGS) and looks only at the money earned from The total amount in dollars made in the business before expenses are deducted. See also Gross Revenue…. by itself.
This payment is paid every 5th of the month. Bar-B-Clean reserves the right to require that the franchisee pay a minimum royalty of $240 per month.
The Franchisee is required to spend at least $1,500 for grand opening advertising before opening and during the first 30 days of operation. You must get prior approval to your grand opening advertising.
You must also spend an average of at least $300 per month each year on local advertising (“Local Advertising Requirement”). If you fail to meet your requirement on local advertising during any month period, Bar-B-Clean will require that you pay the difference between the amount you spent and the required advertising expenditure to them.
Bar-B-Clean reserves the right to create a Brand Fund for marketing the System, the Marks, and Bar-B-Clean Businesses. If The year a Business for Sale was established. If the business has been running for a minimum of ten years, Vetted Biz will qualify the business for sale as a “Well-Established Business.”…, you must pay up to 2% of your Gross Revenues for the Brand Fund.
Bar-B-Clean did not collect or spend any Brand Fund Contributions during our last fiscal year, ending December 31, 2019.
The figures presented below represent the historical performance of the 12 Franchised Locations operated by nine franchisees and one affiliate location that opened prior to January 1, 2019.
This Reporting Group excludes 12 Franchised Locations that did not operate their Bar-B-Clean Businesses during fiscal year 2019. The Reporting Group also excludes four Franchised Locations that opened during fiscal year 2019, as well as four that closed during fiscal year 2019.
2019 Average Gross Revenue (12): $84,054
2019 Median Gross Revenue (12): $62,084
2019 Average Gross Revenue (1): $171,239
Of the 12 franchisees in the recorded group, 50% (6) franchise locations were above the average gross revenue. The lowest reported gross revenue was $10,720, while the highest gross revenue was $242,289.
Of the 12 franchisees in the recorded group, 92% (11) franchise locations were lower than the average gross revenue of the affiliate location, which recorded a revenue of $171,239.
Bar-B-Clean is the on of the few grill cleaning franchise on the market and requires very little training (8 hours) to get your business up and going. Bar-B-Clean’s simple business model requires no new car, office space, or technical skills to run the business.
Although Bar-B-Clean might be the right franchise depending on your finances, location and other factors, it is important to consider other franchises that may suit your needs. We encourage you to view our franchise directory of over 1,800 franchises and franchise industries beyond home services. A great tool to check out for figuring out which business is right for you is to try Vetted Biz’s Find Your Business Quiz.
Content and Analysis provided by Brooks Gammill (Data Analyst Intern at Vetted Biz)