Business Description

This is a well-established janitorial franchise serving the central North Carolina area since 1988, with the current owner in operation since 2008. The company focuses on providing high-quality cleaning services to a range of commercial clients. As a master franchise, responsibilities include managing client contracts, unit franchises, and sales within the territory which currently has 91 franchisees. Revenue streams include royalties, commissions, and upgrades on new janitorial contracts. The Franchisor collects 16% of the unit franchise's gross revenue, shared between the Master Franchise/Area Developer and Franchisor. Additionally, the Area Developer receives an extra 4% for insurance. The company generates income from receiving 85% of new franchise sales, with the Franchisor retaining 15%. Franchisees accepting new contracts are required to pay 3 months of contract billing, deducted over 12 months from their proceeds. A loan portfolio, currently valued at $18,883, finances franchise fees over a maximum