Initial Investment and Start-up Costs
Owning an Office Pride franchise can be both affordable and manageable
We understand that starting your own business is a large undertaking that involves careful financial planning. To launch a low-cost cleaning franchise, you will need a certain amount of investment capital plus approximately six to nine months of personal living expenses.
How much does it cost to start a cleaning franchise?
On average, the cost of opening a cleaning business with Office Pride ranges from $65,000 to $107,200.
Office Pride’s initial franchise fee is $35,000. As a five-star VetFran franchisor, we proudly offer 25% off the franchise fee to honorably discharged military veterans.
The cost of startup cleaning and office supplies, equipment and insurance range from approximately $4,200 to $16,700. You can anticipate paying $300 to $4,400 for accounting or legal fees, training, licenses and bonds. Additionally, you should allocate $25,500 to $51,100 toward operating expenses such as payroll, marketing and bank fees in the first three months.
We also recommend all new franchise owners set aside enough money to cover their living expenses for six to nine months. The amount needed will depend on your personal monthly expenses and how quickly your business grows.
To make sure you have a full understanding of the startup costs involved, following is a breakdown from our current Office Pride Franchise Disclosure Document (FDD) Item 7.
|Type of Expenditure||Expenditure Amount||Method of Payment||When Due||To Whom Payment Is To Be Made|
|Initial Franchise Fee||$35,000||lump sum||When you sign the franchise agreement||Us|
|Leasehold Improvements||$0||Not Applicable||Not Applicable||Not Applicable|
|Signs||$0||Not Applicable||Not Applicable||Not Applicable|
|Cleaning Equipment Supplies, Materials and Ancillary Goods||$3,000 - $7,000||As Arranged||As Arranged||Approved Suppliers|
|Office Equipment and Supplies||$500 - $3,500||As Arranged||As Arranged||Approved Supplies|
|Computer System||$0 - $1,500||As Arranged||As Arranged||Third Parties|
|Insurance||$600 - $2,000||As Arranged||As Arranged||Insurance down payment to insurance company|
|Other Deposits||$100 - $2,700||As Arranged||As Arranged||Estimated for leased equipment, telephone, utilities, vehicle, etc|
|Professional Fees||$200 - $2,000||As Arranged||As Arranged||For accountants and lawyers|
|Training Expenses||$0 - $2,100||As Arranged||As Arranged||Estimated expenses for attending initial training,,i.e. travel and living expenses|
|Licenses and/or Bonds||$100 - $300||As Arranged||As Arranged||Fees paid to government agencies and/or insurance or bonding companies|
|Additional Funds (3 months)||$25,500 - $51,100||As Arranged during the first three months of operations||As Arranged during the first three months of operations||Needed for various operating expenses like payroll, supplies, marketing, bank fees, etc and is dependent on how fast you grow|
|TOTAL||$65,000 - $107,200|
The above information has been compiled from the FDD of Office Pride Commercial Cleaning Services. For additional information, refer to our current FDD.
Is Office Pride a low-cost franchise?
Office Pride has been named one of the Top 100 Low-Cost Franchises by Franchise Business Review. To qualify for the Top 100 Low-Cost Franchises list, a franchise must have high satisfaction ratings and an investment under $100,000.
Although Office Pride is considered a low-cost franchise, the small startup investment required can lead to a terrific financial opportunity for owners who are committed to growing their business. Learn more about how much Office Pride franchise owners can make.
Ready to explore the Office Pride opportunity? Click here, and we’ll send you more detailed information and arrange a time to talk so we can answer any questions you have.