How much does a OMEX franchise owner make?

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

OMEX unfortunately does not disclose financials on how much OMEX 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, OMEX 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 OMEX franchisees. Do note that OMEX 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 OMEX franchisees to understand how much money they are making from their OMEX business.

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

What is the OMEX franchise fee?

Owning a OMEX franchise requires 4% royalty fee and 1% 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 OMEX Franchise Disclosure Document

Keep in mind, there is also an initial OMEX franchise fee of $15,000 that is included in the initial investment amount of $40,400 to $70,600. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the OMEX franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the OMEX franchise fee of $15,000.

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

When was OMEX founded?

OMEX started offering franchises in 1991. OMEX was founded 32 years ago in 1990.

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 OMEX locations are in the U.S.?

As of 2022, there were 22 locations across the U.S. There are also 1 corporate locations. Most Cleaning and Maintenance franchises like OMEX have more franchised locations than corporate locations.

How many OMEX franchises opened over the past few years?

Over the prior 3 years we have data for, OMEX has opened 3 outlets throughout the U.S. Visit the OMEX metrics tab to explore how the openings compare to other Cleaning and Maintenance franchises.

How many OMEX franchises closed over the past few years?

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

Visit the OMEX metrics tab to explore how the openings compare to other Cleaning and Maintenance franchises.

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

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

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

Is OMEX franchise eligible for an SBA Loan?

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

OMEX franchise was assigned the SBA Franchise ID of S5843 on 08/13/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like OMEX 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 OMEX a franchise in the United States?

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

What is the OMEX Franchise for Sale Rate?

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

OMEX franchise for sale rate over the past 3 years is 9%. Over the last year we have data for, OMEX had a franchise for sale rate of 0%.

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

What is the OMEX Franchise Failure Rate?

OMEX 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!

OMEX failure rate over the past 3 years is 14%. Over the last year we have data for, OMEX had a franchise failure rate of 5%.

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

How can I find out more details on OMEX franchise?

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