OMEX Franchise in 2024: Costs, Fee & FDD

OMEX is a distinguished commercial cleaning service provider established in 1979. With a rich legacy of over 45 years in the industry, OMEX has become a leading force in the field of professional office cleaning. The company was founded by a group of industry veterans with a shared vision to deliver high-quality cleaning solutions to “Class A” office environments. Today, OMEX is recognized for its exceptional cleaning standards and operational expertise. The franchise has grown to become a respected name in the commercial cleaning sector, particularly in North America, with its services reaching prestigious facilities and corporate clients across multiple regions. Its business model emphasizes long-term customer relationships and consistent delivery of superior cleaning results.

OMEX’s core service offerings revolve around professional office cleaning, specializing in maintaining pristine “Class A” office environments. Their services include daily cleaning of office spaces, common areas, restrooms, and specialized services like carpet cleaning, floor care, and window washing. These services are designed to keep office spaces not only clean but also to enhance the overall workplace environment for employees and visitors alike. OMEX’s target market consists mainly of businesses, corporate offices, commercial buildings, and healthcare facilities that require premium, consistent, and high-quality cleaning services. The company also supports ancillary services such as specialized cleaning for post-construction sites and customized cleaning solutions for unique office needs.

OMEX operates a large-scale network throughout North America, employing over 1,000 staff members across multiple locations. The franchise covers millions of square feet of office space daily, serving a broad range of commercial clients. With offices strategically positioned across the U.S. and Canada, OMEX has successfully built a reputation as a leader in the commercial cleaning industry. Each OMEX location is independently owned and operated, allowing for localized management while benefiting from the brand’s established systems and operational support. The company’s membership in industry organizations like the BSCAI (Building Service Contractors Association International) and the Cleaning Management Institute further solidifies its commitment to quality and professional standards.

OMEX offers robust support to its franchisees, providing them with a comprehensive business management system that has been refined over decades of experience. New franchisees benefit from a detailed training program that covers everything from operational procedures to client management. OMEX’s proven system allows franchisees to start their businesses with reduced risk and streamlined processes. This includes ongoing assistance with marketing, staff training, and access to proprietary tools designed to optimize operations. OMEX’s focus on controlled growth ensures that franchisees can scale their businesses successfully while maintaining high standards of service quality.

OMEX Franchise Insights

1. OMEX has over 45 years of experience in the commercial cleaning industry, making it one of the most established and trusted brands in North America, with a strong reputation among prestigious facilities.
2. OMEX covers millions of square feet of office space every day and employs more than 1,000 staff members across its franchise locations, demonstrating its expansive reach and operational scale.
3. Each OMEX office is independently owned and operated, offering franchisees the autonomy to manage their business while benefiting from OMEX’s proven business management system and ongoing support.
4. OMEX is a proud member of key industry organizations like the BSCAI and the Cleaning Management Institute, reinforcing its commitment to high industry standards and continuous improvement.
5. OMEX specializes in cleaning “Class A” office spaces, a market segment that demands top-tier services, which positions franchisees to target high-end clients with recurring service needs.

OMEX Franchise Key indicators

How much does it cost to open an OMEX franchise?

Understanding the potential investment size and capital requirements is crucial when considering opening an OMEX franchise. These financial commitments, including initial franchise fees, equipment costs, and ongoing operational expenses, impact the feasibility and profitability of the venture. Thoroughly evaluating these factors ensures that potential franchisees are prepared for the financial responsibilities and can make informed decisions about their ability to sustain and grow the business, ultimately contributing to long-term success.

Min & Max Investment

Opening an OMEX franchise involves several key costs, which are outlined in Item 7 of the Franchise Disclosure Document (FDD). you can see a breakdown of the costs to open a OMEX below from the most recent Item 7 below:

Item 7 in the Franchise Disclosure Document (FDD) is the “Estimated Initial Investment” section. It outlines the total costs a franchisee can expect to incur when starting a franchise, including the initial franchise fee, equipment, inventory, real estate, and other startup expenses. This section is crucial because it provides potential franchisees with a detailed understanding of the financial commitment required, helping them assess affordability and plan their investment strategy effectively.

Required Capital

While specific figures may vary depending on location and other factors, here’s an outline of what the required capital generally includes:

• Total Investment The total capital needed to open an OMEX franchise ranges from $52,000 to $83,000, covering essential startup costs like equipment, initial supplies, and office setup. Assuming that you will finance your franchise investment, you should plan to have 20% of the total investment amount in the form of equity (cash) for the investment.
• Liquid Assets Liquid assets typically required for the franchise are estimated to be around $20,000 to $30,000, which will cover working capital for day-to-day operations and any unforeseen expenses during the early stages of the business.
• Net Worth The estimated net worth requirement is generally around $100,000 to $150,000 for potential franchisees. This ensures financial stability and the ability to handle initial expenses, especially during the first few months of operation.

How much does an OMEX franchise owner make?

Calculating the salary of a OMEX franchise owner involves analyzing gross sales to determine total revenue, assessing operational efficiency to understand profit margins, and accounting for franchisor fees and additional expenses such as rent, utilities, and payroll. Effective management of these factors can significantly impact the profitability and financial success of an OMEX franchise owner. This comprehensive financial analysis helps estimate net profits, from which the owner’s salary can be derived. A clear understanding of these factors ensures accurate salary projections and financial planning for sustainable business operations.

OMEX Revenue & Gross Sales

While specific sales data are not publicly available for OMEX franchises, the commercial cleaning industry as a whole has a proven track record of generating steady revenue. The commercial cleaning sector is a multi-billion-dollar industry, driven by consistent demand for cleaning services from offices, healthcare facilities, and other commercial properties. Many businesses in this space benefit from long-term contracts that provide reliable and recurring revenue streams.

Which key factors impact the average revenue performance of OMEX franchisees?

The performance of U.S. OMEX franchisees is likely influenced by several key factors, including the franchise’s focus on high-quality service and targeting “Class A” office environments, which often leads to long-term contracts and steady revenue streams. Franchisees benefit from OMEX’s established business management system, which streamlines operations and reduces the risk of common startup challenges. Additionally, the demand for commercial cleaning services, particularly in industries prioritizing cleanliness and hygiene, continues to grow, providing a stable customer base. Effective marketing strategies, strong customer relationships, and the ability to maintain consistent, high-quality service all play crucial roles in driving the performance and profitability of OMEX franchises.

OMEX Franchise Operational Costs

When considering the ongoing operational costs of opening an OMEX franchise, it’s important to focus on the specific expenses directly related to running the cleaning service business.

• Labor Costs Employee wages, benefits, and related expenses for the cleaning staff are likely the largest ongoing operational cost. Depending on the size of the service area and number of clients, this can vary significantly.
• Cleaning Supplies and Equipment Maintenance Regular replenishment of cleaning products (e.g., chemicals, cloths, floor-care items) and maintenance of cleaning equipment are essential for maintaining service quality and operational efficiency.
• Transportation and Vehicle Expenses If your franchise uses vehicles for transporting staff and equipment to job sites, fuel, insurance, maintenance, and vehicle leasing or purchasing costs will be ongoing expenses.
• Insurance Various insurance policies, including liability and workers’ compensation, are necessary to protect the business from potential risks and ensure compliance with local regulations.
• Office and Administrative Expenses If you maintain a physical office, rent, utilities, phone services, and other administrative costs will contribute to operational expenses.

Careful budgeting and tracking of these operational costs will help ensure that your OMEX franchise runs smoothly and profitably.

OMEX Franchise Fees

When opening an OMEX franchise, understanding the ongoing fees is crucial to maintaining profitability and ensuring the business remains in good standing with the franchise system.

• Continuing Services and Royalty Fee OMEX requires a royalty fee of 4% of your gross receipts. This fee helps cover the ongoing support, training, and business management systems provided by the franchisor, ensuring that you have the tools necessary to grow and operate your business efficiently.
• Advertising and Development Fund Franchisees are required to contribute up to 1% of their gross receipts to the advertising and development fund. These funds are used for national marketing campaigns, brand development, and other promotional efforts designed to drive customer awareness and attract new clients.
• Additional Fees In addition to the standard fees, there may be other costs related to ongoing training programs, technology upgrades, and other resources provided by OMEX.

By considering these ongoing fees in your financial planning, you can ensure that your OMEX franchise remains well-supported and positioned for success.

OMEX Franchise Earnings

While specific earnings data for OMEX franchises is not available, we can provide an informed overview based on industry standards and franchise characteristics. The commercial cleaning industry typically offers a stable and potentially lucrative business model, particularly for franchises like OMEX that target high-demand, high-value “Class A” office environments. Franchises in this sector generally benefit from recurring revenue through long-term contracts, with revenue growth often tied to the number of clients served and the scale of operations.

Potential earnings in the commercial cleaning industry can be influenced by several factors, including the size of the service area, local competition, and the ability to maintain high service standards.

How to Open a OMEX Franchise

Becoming an OMEX franchisee involves a series of steps designed to ensure that prospective franchisees are a good fit for the brand and have the necessary resources and skills to successfully operate the business. From the initial inquiry to the launch of your new franchise, the process is structured to provide you with the support and information you need to make an informed decision and set up your business for success.

1. Initial Inquiry You or your franchise specialist submits an initial inquiry basic information about your interest and background. You should also conduct thorough research on the franchise, including seeing all of the information available on the Vetted Biz franchise intelligence platform, including access to the most recent Franchise Disclosure Document (FDD).
2. Franchise Application and Interview Once you’ve reviewed the materials, the next step is submitting a formal application. OMEX will evaluate your background, financial qualifications, and suitability for the franchise. After the application is accepted, you will be invited for an interview to discuss your goals, experience, and the fit with the OMEX system.
3. Finalizing the Franchise Agreement Once you’ve reviewed the FDD and are ready to move forward, you’ll sign the franchise agreement. This contract outlines the terms of your relationship with OMEX, including your rights and responsibilities as a franchisee.
4. Training and Onboarding After signing the agreement, you’ll undergo an extensive training program designed to equip you with the skills and knowledge necessary to run your business. OMEX provides both initial training and ongoing support to ensure you have the tools for success.
5. Location Setup and Preparation As you prepare to launch, you will work with OMEX to secure your location, purchase necessary equipment, and set up your business operations. You’ll also begin marketing your new service to attract clients.
6. Launch and Start of Operations Once everything is in place, you will officially launch your OMEX franchise. This includes starting your first contracts, performing services for clients, and fully integrating your business into the OMEX system. Ongoing support will be available to help you optimize operations and grow your customer base.

Pros & Cons

Pros

Established Brand with a Strong Reputation: OMEX has over 40 years of experience in the commercial cleaning industry, with a strong focus on “Class A” office environments. This long history in the market provides credibility and reliability, essential factors in attracting and retaining clients.

Recurring Revenue Model: As a commercial cleaning franchise, OMEX offers the benefit of long-term, recurring contracts with businesses. This model can provide a steady income stream, especially if you can build a solid customer base and maintain relationships.

Growing Industry: The commercial cleaning industry is expected to continue growing, particularly as businesses increasingly prioritize cleanliness and hygiene. OMEX, with its established brand and specialized focus, is well-positioned to capitalize on this trend.

Cons

Market Competition: The commercial cleaning industry is competitive, with many local and national players. It may require a significant amount of time and effort to differentiate your OMEX franchise from other providers in your area.

Dependence on Client Retention: The success of your franchise is heavily dependent on retaining clients. High turnover of contracts or difficulty in maintaining customer satisfaction can negatively impact earnings.

Operational Demands: While OMEX provides a lot of support, running a commercial cleaning franchise requires attention to detail, high levels of customer service, and managing a workforce of cleaning staff. This can be demanding and require strong management skills.