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General

Industry

Retail Products and Services

Category

Pet Care

SBA Identifier

S3315

Year of Founding

2014

Fees

Marketing Fee

1%

Royalty Fee

6%

Franchise Fee

$35,000-$35,000

Investment Range

$149K-$232K

Location units

Total U.S. Locations

5

U.S. Franchised Units

3

U.S. Corporate Units

2

Headquarters (City)

San Marcos

Other

Item 19 - Franchise Financials

Financing Availability

yes

Started Offering Franchises

2014

Issuance of FDD Data

04/15/2019

What to know about Sydnees franchise?

The franchise described is known as "Sydnee's Pet Grooming" ("Sydnee's"). Sydnee's is involved in the business of pet grooming. Sydnee's Franchisees provide pet grooming, techniques, methods, grooming products, and quality customer service.

Sydnees is based in San Marcos, N/A. Scroll down to learn more!

How much does a Sydnees franchise cost?

Are you wondering how much is a Sydnees franchise? Before starting a Sydnees 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 Sydnees franchise is $148,964 and can go all the way up to $232,110. Keep in mind, you should also allocate additional funds to live off of while the Sydnees 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 Sydnees franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Sydnees business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Sydnees 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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Industry Report Request

Download our guide to compare Sydnees. Hotels to the Pet Care, Outdoor Retail Products and Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2017 2 0 0 2
2018 2 1 0 3

Additional Details

How much does a Sydnees franchise owner make?

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

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

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

What is the Sydnees franchise fee?

Owning a Sydnees franchise requires 6% 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 Sydnees Franchise Disclosure Document

Keep in mind, there is also an initial Sydnees franchise fee of $35,000 that is included in the initial investment amount of $148,964 to $232,110. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Sydnees franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Sydnees franchise fee of $35,000.

Visit the Sydnees 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 Sydnees founded?

Sydnees started offering franchises in 2014. Sydnees was founded 8 years ago in 2014.

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 Sydnees locations are in the U.S.?

As of 2019, there were 3 locations across the U.S. There are also 2 corporate locations. Most Retail Products and Services franchises like Sydnees have more franchised locations than corporate locations.

How many Sydnees franchises opened over the past few years?

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

How many Sydnees franchises closed over the past few years?

Over the prior 3 years we have data for, Sydnees has closed 0 outlets throughout the U.S

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

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

The net unit growth rate for Sydnees over the past 3 years is 0%. Over the last year we have data for, Sydnees had a net unit growth rate of 50%.

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

Is Sydnees franchise eligible for an SBA Loan?

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

Sydnees franchise was assigned the SBA Franchise ID of S3315 on 07/24/2018. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Sydnees 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 Sydnees a franchise in the United States?

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

What is the Sydnees Franchise for Sale Rate?

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

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

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

What is the Sydnees Franchise Failure Rate?

Sydnees 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!

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

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

How can I find out more details on Sydnees franchise?

Visit the Sydnees 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

Sydnees

$190,537

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Sydnees

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.

Sydnees

$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

Download Latest FDD (2019)

General

Industry

Retail Products and Services

Category

Pet Care

SBA Identifier

S3315

Year of Founding

2014

Fees

Marketing Fee

1%

Royalty Fee

6%

Franchise Fee

$35,000-$35,000

Investment Range

$149K-$232K

Location units

Total U.S. Locations

5

U.S. Franchised Units

3

U.S. Corporate Units

2

Headquarters (City)

San Marcos

Other

Item 19 - Franchise Financials

Financing Availability

yes

Started Offering Franchises

2014

Issuance of FDD Data

04/15/2019

Detailed Franchise metrics for Sydnees

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Sydnees 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.

Sydnees

$35,000

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2019)

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

Sydnees

NA

0%

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

Sydnees

NA

0%

Industry median

All franchises median

Unlock premium content

Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

State headquarters

Key leadership

Sydnees

Phone

+1 (000) 0********00

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City

Zip code

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