Initial Investment and Start-up Costs
Owning an Office Pride franchise can be both affordable and manageable
We at Office Pride understand that starting your own business is a large undertaking that involves careful financial planning. You will need a set amount of investment capital and approximately six to nine months of personal living expenses.
On average, the initial investment for an Office Pride franchise ranges from $59,500 to $107,200. To make sure you have a full understanding of the startup costs involved, following is a breakdown from our Office Pride FDD (Franchise Disclosure Document) 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|
|Licences and/or Bonds||$100 - $300||As Arranged||As Arranged||Fees paid to government agencies and/or insurance or bonding companies|
|Additional Funds (3 months)||$20,000 - $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||$59,500 - $107,200|
The above information has been compiled from the FDD of Office Pride Commercial Cleaning Services. For additional information, refer to our 2018 FDD.
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