How to Start Molly Maid Franchise
If you want to buy your own Molly Maid franchise, you'll need to know several things about the business and its operations. At Molly Maid, you are your own boss. So why invest in this kind of business franchise?
Having your own Molly Maid business franchise can give you several advantages both on business strength and name recall.
To start a business with Molly Maid, you’ll need to have around $15,000, value added tax excluded. The franchising amount will already give you a territory with more than 12,000 target customers. The amount of franchising fee depends on the number of households that a franchise can accommodate.
Before Molly Maid awards the franchise to its new franchisee, the company will do a thorough market research study to define the area of the franchise and see if it can reach or accommodate the required number of households. This study is conducted to ensure that the franchise and the franchisee will be financially viable for business.
Another requirement that you need to pass is the $12,000 liquid capital requirement. The total investment will range from $28,975 and up. The company recommends franchisees to cover the first year of business including personal living cost and other expenses.
If you do not have the necessary funding to finance the Molly Maid franchise, but you are a qualified business partner, the company can offer you up to 70 percent financing from leading banks in the area.
To help franchisees to succeed in the franchise business, healthy and proven business models have been put up by Molly Maid. These manuals include full office support, advertising, and training. The amount needed for these are already included in the franchising fee.
Molly Maid, to date, has become one of the best ways to invest your money with just a minimal risks and long term security.
Molly Maid advices its franchisees to focus on the kind of business or business sector that they want to operate in and concentrate on the development of relationship with these clients.
In terms of return of franchise investments, the Molly Maid franchise is the lowest paying investment but can give you high annual yields. This can be achieved by utilizing the proven system of business used by most Molly Maid franchise, which reduces risk during the first few months of operations. The franchisor also offers high support value to all of its business partners.
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