How much does a Experimax franchise owner make?

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

Experimax discloses financials at the unit level. In other words, they show how much Experimax 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 Experimax franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Experimax. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Experimax owners were making.

Visit the Experimax metrics tab to explore the financials for this business.

What is the Experimax franchise fee?

Owning a Experimax franchise requires Varies royalty fee and Varies 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 Experimax Franchise Disclosure Document

Keep in mind, there is also an initial Experimax franchise fee of $49,500 that is included in the initial investment amount of $146,339 to $351,140. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Experimax franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Experimax franchise fee of $49,500.

Visit the Experimax 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 Experimax founded?

Experimax started offering franchises in 2020. Experimax was founded 2 years ago in 2020.

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 Experimax locations are in the U.S.?

As of 2021, there were 69 locations across the U.S. There are also 0 corporate locations. Most Retail Products and Services franchises like Experimax have more franchised locations than corporate locations.

How many Experimax franchises opened over the past few years?

Over the prior 3 years we have data for, Experimax has opened 33 outlets throughout the U.S. Visit the Experimax metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Experimax franchises closed over the past few years?

Over the prior 3 years we have data for, Experimax has closed 59 outlets throughout the U.S

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

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

The net unit growth rate for Experimax over the past 3 years is -28%. Over the last year we have data for, Experimax had a net unit growth rate of -28%.

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

Is Experimax franchise eligible for an SBA Loan?

Experimax is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Experimax franchise was assigned the SBA Franchise ID of S0590 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Experimax 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 Experimax a franchise in the United States?

According to the SBA, Experimax 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 Experimax provides you with an FDD if you are in discussion to buy a Experimax.

What is the Experimax Franchise for Sale Rate?

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

Experimax franchise for sale rate over the past 3 years is 13%. Over the last year we have data for, Experimax had a franchise for sale rate of 4%.

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

What is the Experimax Franchise Failure Rate?

Experimax 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!

Experimax failure rate over the past 3 years is 86%. Over the last year we have data for, Experimax had a franchise failure rate of 42%.

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

How can I find out more details on Experimax franchise?

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