The Investment Required Starting a Molly Maid Franchise

Monday, October 6th, 2008

Join the fastest growing industry in the United States…Housecleaning! The initial investment to start a Molly Maid Franchise is about $100,000. That sounds like a lot of money, but wait till you see what you get for your investment.

As a Molly Maid owner, you’ll get the satisfaction of being a part of one of the most recognizable cleaning services in America and you will be able to use a wealth of marketing tools set down by the parent company. One of those marketing tools are: Co-op Advertising, ad slicks for newspaper ads and national media.

With its first franchise being sold in 1979, Molly Maid has been helping hundreds of entrepreneurs annually obtain their goals of being a small business owner.

The investment required to start a Molly Maid franchise begins with a $14,900 franchise fee. If you want an exclusive territory, and believe me you do, that will cost you between $35,000 and $40,000 depending on the size or the territory.

You will need supplies so you can do your job and that initial fee is $8,500.

You will also need to show the Molly Maid folks that you have between $35,000 and $50,000 in working capital, bringing your total investment to right around $100,000.

The franchise is a ten-year term and as the owner you will be charged a 6.5 percent royalty fee annually that actually goes down to as low as 3.5 percent as your sales go up. This is a wonderful feature of this franchise because the more money you make the more you get to keep.

In addition, you’ll need to have a net worth of $250,000 or more and liquid capital of $30,000.

Training and Support

So what do you get for your money?

Molly Maid offers an extensive training program that will teach you how to hire the right people for your business. You’ll need about 14 on staff to start. You’ll also learn marketing, legal and financial and even human resources.

In addition, as a Molly Maid franchisee you’ll get a business management software that will help you spend more time at home instead of more time on your computer.

Molly Maid currently has over 300 owners and was recently rated the 81st best franchise award by Franchise 500 magazine.

Of course the primary reason for opening a business is to make money and with a Molly Maid franchise you will make money. Many Molly Maid franchisees obtain their income goal within the first year. More importantly is the time you’ll be able to spend with the one’s you love. You set your own schedule as well as your employee’s schedules.

You will be providing a service to your clients while helping your employees have a fulfilling, secure job. 39 Molly Maid franchise owners have achieved the million-dollar circle award, meaning they have earned at least one million dollars. You too can be a successful business owner without ever pushing a broom or a mop. After the initial investment required to start a Molly Maid franchise is achieved, you’ll be making money and living well.

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Staffing a Franchise

Monday, September 15th, 2008
Staffing of a franchise? After buying a franchise, you need people with ambition and talent to grow the business with you. Consider the essential qualities that you need on your computer before you start recruiting people to work in its franchise.

Although it is possible to start a franchise that does not require employees, an employee of free franchise opportunities are rare.

It is likely that you will have to deal with the problem of staffing of its franchise and that the maintenance staff if your franchise is going to succeed.

Many of the personnel matters that will face in his new franchise are the same issues that would face any small business. However, franchises offer some unique benefits and challenges that you need to be prepared to address.
The recruitment of employees

One of the first personnel matters that need to address is hiring. Finding good employees for any company can be difficult. But finding employees able to meet the demands of work in a franchise can present special difficulties. These challenges sometimes require employers to look beyond the usual sources, especially if the franchise is very specialized staffing requirements.

A place to find employees franchise is that employees have previous experience in another franchise within the same company or a franchise of a competitor. On the positive side, these employees are already familiar with the rigid policies sometimes required by the franchisor. They are also familiar with how the franchise operates and presumably are able to work effectively as part of the franchise team.

On the other hand, however, employees of other franchises have a reason to abandon its previous position. Since franchises are very similar to each other, their reasons for leaving their last job is likely to remain a problem in his position with his franchise.
Training Opportunities

Franchises sometimes outlets to offer training that are not available in a typical small business. In an effort to ensure uniformity across the franchise, franchisors tend to be more willing to provide its franchisees with training programmes to prepare their employees to do their job effectively and in accordance with the rules of franchise. The franchisor may also be capable of delivering with employees and conducts recruiting assistance. Before buying a franchise, it’s worth your time to ask about the services the franchisor provides employees and then use these services after it opened for business.
Handling employee turnover

Employee turnover can be a big problem in many franchises, especially those which employ a significant number of low-income positions, for example, fast food franchises or retailing. High turnover can seriously disrupt the operations of these companies because employees who leave are usually the ones that have the greatest amount of contact with customers. Using a large number of untrained employees in positions of customer service creates a very negative impression about the company among its customers.

To mitigate the impact of its turnover in excess, it is important to build a workforce that is not overly dependent on a single employee. In companies of high turnover, it is better to employ more workers in fewer hours than vice versa. While this may partly contribute to turnover, but also makes it easier to find staff to fill vacancies when they occur.

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Hi, I am the Franchise Reporter and my franchise blog will discuss all things helpful and interesting for prospective franchisees. Franchise industry news, unique franchise opportunities, franchise tips, trends & much more. If you want to know anything franchise related, post me a comment.