How much does a Conroy franchise owner make?

Conroy franchise earnings and revenue can vary significantly from one franchisee to another.
The Conroy franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Conroy unfortunately does not disclose financials on how much Conroy franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Conroy does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Conroy franchisees. Do note that Conroy is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Conroy franchisees to understand how much money they are making from their Conroy business.

You should also speak to former Conroy franchisees to understand why they left the system. Did they sell their Conroy at a profit? Were they forced to close their Conroy franchise down because it kept losing money?

What is the Conroy franchise fee?

Owning a Conroy franchise requires 6% royalty fee and 3% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Conroy Franchise Disclosure Document

Keep in mind, there is also an initial Conroy franchise fee of $30,000 that is included in the initial investment amount of $258,500 to $639,750. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Conroy franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Conroy franchise fee of $30,000.

Visit the Conroy metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Conroy founded?

Conroy started offering franchises in 1974. Conroy was founded 48 years ago in 1974.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Conroy locations are in the U.S.?

As of 2019, there were 28 locations across the U.S. There are also 0 corporate locations. Most Retail Products and Services franchises like Conroy have more franchised locations than corporate locations.

How many Conroy franchises opened over the past few years?

Over the prior 3 years we have data for, Conroy has opened 0 outlets throughout the U.S. Visit the Conroy metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Conroy franchises closed over the past few years?

Over the prior 3 years we have data for, Conroy has closed 6 outlets throughout the U.S

Visit the Conroy metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is Conroy growing? Are they opening more locations than they are closing?

The net unit growth rate for Conroy over the past 3 years is 0%. Over the last year we have data for, Conroy had a net unit growth rate of -10%.

Without a comparison, this number doesn’t mean much. Compare how the Conroy growth rate compares to 2,000+ other franchises and Industry franchises like Conroy. More info in the Conroy metrics tab.

Is Conroy franchise eligible for an SBA Loan?

Conroy is not eligible for SBA loans including the 7(a) loan last time we checked.

Conroy franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Conroy that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Conroy a franchise in the United States?

According to the SBA, Conroy does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Conroy provides you with an FDD if you are in discussion to buy a Conroy

What is the Conroy Franchise for Sale Rate?

The Conroy systemwide health and franchisee satisfaction can be measured by the Conroyfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Conroy franchise for sale rate over the past 3 years is 11%. Over the last year we have data for, Conroy had a franchise for sale rate of 4%.

Without a comparison, this number doesn’t mean much. Compare how the Conroy franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Conroy. More info in the Conroy metrics tab.

What is the Conroy Franchise Failure Rate?

Conroy franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Conroy failure rate over the past 3 years is 21%. Over the last year we have data for, Conroy had a franchise failure rate of 11%.

Without a comparison, this number doesn’t mean much. Compare how the Conroy franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Conroy. More info in the Conroy metrics tab.

How can I find out more details on Conroy franchise?

Visit the Conroy metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!