Over the last decade, residential housecleaning has become one of the fastest growing industries in the country. According to estimates, over ten million households will use paid domestic services. Molly Maid
is currently approaching $20 billion dollars in annual sales, with a projected growth rate of 20%. Molly Maid owners enjoy double-digit growth rates fueled by repeat customers. This Cash-Cow ensures that invoicing and managing accounts receivable will be little to none.
Background and Benefits
The U.S. Bureau of Labor and Statistics expect cleaning services to continue to be one of the top generators of new jobs in America. The industry remains solid in an increasingly volatile economy with expanding consumer demand. Franchise owners don’t actually clean the homes. Molly Maid trains the franchisee on how to recruit, train, motivate, and manage employees to do the cleaning. This proven system with a minimal upfront investment gains franchisees access to the fastest growing segments of the population -- two-income families, career-focused young professionals, and retired couples at various levels of health. These are people who don't have the time or energy to clean their own homes.
How Much Does a Molly Maid Franchise Cost?
The franchise fee is a mere $14,900 or you can pay $35,000 to $40,000 for an exclusive territory. The initial package is $8500 for equipment and supplies. They recommend having additional working capital of between $35,000 and $50,000 for first three months. The total estimated initial investment should work out to between $92,900 and $112,900. Molly Maid wants to see liquid capital in the $30,000 range with a minimum net worth of $250,000.
What We Like
A Molly Maid franchise offers less of the headaches many other businesses have. You do not have to work nights and weekends and the initial investment is small. Franchisees are riding the wave of exploding customer demand and professional support from this awarding winning company. There is no expensive build out, limited equipment requirements, and no receivables. Thirty-nine Molly Maid owners have achieved million-dollar circle recognition, and did I mention most of the clients pay in cash?
- Special Incentives - VetFran and MinorityFran participant offering 25% off the current franchisee fee to qualified persons.
- Minimal Accounting - No receivables with this one. Most clients pay in cash and checks.
- Ms. Molly Foundation - Ms. Molly Foundation. Chartered in 1996, is a non-profit organization that assists victims and families affected by domestic violence
Molly Maid Franchise Information
$66,325 to $111,600