Vetted Biz is the leading platform for accessible and analytical data on franchises and businesses available in the U.S. Our research team has reviewed over 1,500 franchises and knows the key facts and data that signal a successful 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 system. Upon extensive review using a number of internet research tools, our team was able to compile a short list of the “Top 20 Most Popular Franchises in the United States.” In the article below, we review the business model proposed by one of these 20 franchises: Jan-Pro, as well as the requirements that encompass its franchise application process.
Jacques Lapointe founded Jan-Pro in Providence, Rhode Island in 1991, a commercial cleaning service company catered specifically toward the B2B audience including car dealerships, gyms, banks, churches, schools and offices. Franchising began a year later, when Lapointe offered franchisees the opportunity to buy into either master- or single-unit franchises. The concept has since grown to have over 10,000 units across the United States and Canada, and the company has made it a popular option in the market, where they emphasize their commitment to using only cleaning products that require fewer chemicals to clean more. Jan-Pro is currently headquartered in Alpharetta, Georgia and is run by its CEO, Anthony Burton, who has been working with Jan-pro since 2003, where he previously served as Director of Operations.
The first factor to consider when interested in investing in a Jan-Pro franchise are the financial requirements accompanying this investment opportunity. The total investment amount to establish a Jan-Pro franchise ranges from $4,170 – $54,700 including the company’s franchise fee that ranges from $2,520 – $44,000 and excluding any land or lease costs. Once the store has been built and operations begin, franchisees are then expected to pay the parent company a royalty fee of 10% on gross The total amount in dollars made in the business before expenses are deducted. See also Gross Revenue…., and an additional marketing fee of 1% on gross sales in exchange for the marketing services provided by the franchisor. The franchisor is particularly looking for experienced candidates who are truly driven to own a Jan-Pro franchise. Additionally, the minimum Value of all the non-financial and financial assets of a business buyer. There is usually a minimum net worth requirement to qualify as a franchisee and for bank financing…. required to own a Jan-Pro franchise ranges in between $1,000 – $14,000 and the applicant must have liquid assets totaling at least $1,000.
When evaluating a Jan-Pro’s franchise’s potential for growth one does not need to go beyond Cleaning Services numbers to better understand the prospect for success of the opportunity at hand. According to IBIS World, the Janitorial services industry has had a 2.0% growth through the last five years, and this percentage is only expected to rise. Looking at the franchise’s internal performance, although limited data was made available on the financial status of the company’s franchisees, it was found that only one unit was closed at the end of the year – an insignificant value when contrasted with the total amount of franchises under Jan-Pro’s franchise system. Moving forward, Jan-Pro is looking to establish new units across the country, particularly in neighborhoods where there is a higher agglomeration of businesses.
Investing in a Jan-Pro franchise is an attractive opportunity, especially for individuals who are driven to lead a renowned business with a considerable low investment capital needed. As previously seen, the Cleaning Service industry is constantly growing and allows room for expansion as far as its franchisees are willing to commit and dedicate themselves. If you are an individual with previous business management experience and are willing to invest an amount ranging from $4,170 – $54,700 or more, Jan-Pro is the right franchise for you!