
Detailxperts
Automotive
General
Industry
AutomotiveCategory
Repair and MaintenanceSBA Identifier
S0502Year of Founding
2005Fees
Marketing Fee
2%Royalty Fee
6%Franchise Fee
$35,000-$35,000Investment Range
$89K-$195KLocation units
Total U.S. Locations
28U.S. Franchised Units
12U.S. Corporate Units
16Headquarters (City)
ChattanoogaOther
Item 19 - Franchise Financials
YesFinancing Availability
yesStarted Offering Franchises
2008Issuance of FDD Data
03/25/2020What to know about Detailxperts franchise?
As a DetailXPerts franchisee, you will sell mobile wash, detailing and related services primarily to small medium and large-sized businesses.
Detailxperts is based in Chattanooga, TN. Scroll down to learn more!
How much does a Detailxperts franchise cost?
Are you wondering how much is a Detailxperts franchise? Before starting a Detailxperts franchise, it is important to know the franchise fee, working capital and other costs required to start the business.
The minimum investment amount required to open a Detailxperts franchise is $88,500 and can go all the way up to $195,100. Keep in mind, you should also allocate additional funds to live off of while the Detailxperts business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Detailxperts franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Detailxperts business 2) pass break even 3) hit significant income.
After (and if) you pass the point of earning significant income from your Detailxperts franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.
Franchise Net Unit Growth
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Franchise Data
Year | Start of Year | Units Opened | Units Closed | End of Year |
---|---|---|---|---|
2016 | 6 | 16 | 0 | 22 |
2017 | 6 | 16 | 0 | 22 |
2018 | 22 | 7 | 1 | 25 |
2019 | 25 | 2 | 14 | 12 |
Additional Details
How much does a Detailxperts franchise owner make?
Detailxperts franchise earnings and revenue can vary significantly from one franchisee to another.
The Detailxperts franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.
Detailxperts discloses financials at the unit level. In other words, they show how much Detailxperts franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.
At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Detailxperts franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Detailxperts. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Detailxperts owners were making.
Visit the Detailxperts metrics tab to explore the financials for this business.
What is the Detailxperts franchise fee?
Owning a Detailxperts franchise requires 6% royalty fee and 2% 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 Detailxperts Franchise Disclosure Document
Keep in mind, there is also an initial Detailxperts franchise fee of $35,000 that is included in the initial investment amount of $88,500 to $195,100. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Detailxperts franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Detailxperts franchise fee of $35,000.
Visit the Detailxperts metrics tab to explore the financials for this business, royalty and marketing fees compare to other Automotive franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.
When was Detailxperts founded?
Detailxperts started offering franchises in 2008. Detailxperts was founded 17 years ago in 2005.
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 Detailxperts locations are in the U.S.?
As of 2020, there were 12 locations across the U.S. There are also 16 corporate locations. Most Automotive franchises like Detailxperts have more franchised locations than corporate locations.
How many Detailxperts franchises opened over the past few years?
Over the prior 3 years we have data for, Detailxperts has opened 25 outlets throughout the U.S. Visit the Detailxperts metrics tab to explore how the openings compare to other Automotive franchises.
How many Detailxperts franchises closed over the past few years?
Over the prior 3 years we have data for, Detailxperts has closed 15 outlets throughout the U.S
Visit the Detailxperts metrics tab to explore how the openings compare to other Automotive franchises.
Is Detailxperts growing? Are they opening more locations than they are closing?
The net unit growth rate for Detailxperts over the past 3 years is 100%. Over the last year we have data for, Detailxperts had a net unit growth rate of -52%.
Without a comparison, this number doesn’t mean much. Compare how the Detailxperts growth rate compares to 2,000+ other franchises and Industry franchises like Detailxperts. More info in the Detailxperts metrics tab.
Is Detailxperts franchise eligible for an SBA Loan?
Detailxperts is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.
Detailxperts franchise was assigned the SBA Franchise ID of S0502 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Detailxperts that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.
Is Detailxperts a franchise in the United States?
According to the SBA, Detailxperts meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Detailxperts provides you with an FDD if you are in discussion to buy a Detailxperts.
What is the Detailxperts Franchise for Sale Rate?
The Detailxperts systemwide health and franchisee satisfaction can be measured by the Detailxpertsfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.
Detailxperts franchise for sale rate over the past 3 years is 14%. Over the last year we have data for, Detailxperts had a franchise for sale rate of 8%.
Without a comparison, this number doesn’t mean much. Compare how the Detailxperts franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Detailxperts. More info in the Detailxperts metrics tab.
What is the Detailxperts Franchise Failure Rate?
Detailxperts 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!
Detailxperts failure rate over the past 3 years is 125%. Over the last year we have data for, Detailxperts had a franchise failure rate of 117%.
Without a comparison, this number doesn’t mean much. Compare how the Detailxperts franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Detailxperts. More info in the Detailxperts metrics tab.
How can I find out more details on Detailxperts franchise?
Visit the Detailxperts metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!
Investment Midpoint
The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document
Detailxperts
$141,800
Industry median
All franchises median
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Royalty Fee
The median royalty fee from the Franchise Disclosure Document
Detailxperts
6%
Industry median
All franchises median
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Franchise Fee Midpoint
Payment that the franchisee must pay to the franchise owner in order to start a franchise.
Detailxperts
$35,000
Industry median
All franchises median
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Item 19 – Financial Performance Representations
Historical financial performance representations
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Franchise Financials
Franchisor company financial information and financial performance representations, if disclosed by the franchisor.
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Franchise Disclosure Document
General
Industry
AutomotiveCategory
Repair and MaintenanceSBA Identifier
S0502Year of Founding
2005Fees
Marketing Fee
2%Royalty Fee
6%Franchise Fee
$35,000-$35,000Investment Range
$89K-$195KLocation units
Total U.S. Locations
28U.S. Franchised Units
12U.S. Corporate Units
16Headquarters (City)
ChattanoogaOther
Item 19 - Franchise Financials
YesFinancing Availability
yesStarted Offering Franchises
2008Issuance of FDD Data
03/25/2020Detailed Franchise metrics for Detailxperts
Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Detailxperts below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.
Franchise Fee Midpoint
Payment that the franchisee must pay to the franchise owner in order to start a franchise.
Detailxperts
$35,000
Industry median
All franchises median
Unlock premium content
Franchise Disclosure Document
Net Unit Growth (most recent year)
Net Unit Growth (3 years)
Failure Rate
Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.
1 year
3 years
Detailxperts
NA
125%
Industry median
All franchises median
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Franchise for Sale Rate
The percentage of units transferred to new franchisees and reacquired by franchisor.
1 year
3 years
Detailxperts
NA
14%
Industry median
All franchises median
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Business details


Website
https://***********.comUnlock premium content
Business email
**********@******.comUnlock premium content
Mailing address
6121 Heritage Park Drive, Suite AState headquarters
TennesseeKey leadership
DetailxpertsPhone
+1 (000) 0********00Unlock premium content
City
ChattanoogaZip code
37416
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