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| Brand | Lapels Cleaning & Maintenance Remove | WaveMAX Laundry Cleaning & Maintenance Remove |
|---|---|---|
| Vitals | ||
Investment range | $92K – $1.7M | $359K – $1.6M |
Liquid capital | $1K – $40K | $35K – $65K |
Franchise fee | $60K | $55K |
Royalty rate | 6.0% | 6.0% |
Ad fund rate | 2.0% | 1.0% |
| Performance | ||
Avg gross sales | $423K | $446K |
Median gross sales | $389K | $431K |
Avg owner earnings Metric varies by brand. Check type below | N/A | $252K |
Earnings metric | Not classified | P&L Bottom Line |
| Risk | ||
Rating | FBottom Quintile | ATop Quintile |
Risk score | 99 / 100 | 13 / 100 |
SBA charge-off rate | 25.0% | 0.0% |
SBA loans on record | 44 | 30 |
| Scale | ||
Total units | 83 | 66 |
Net change (latest yr) | N/A | N/A |
Turnover rate | 1.2% | 1.5% |
| Contract | ||
Initial term (years) | 10 | 10 |
Renewal term (years) | 10 | 10 |
Initial training (hrs) | 118 | 19 |
| Contacts | ||
Franchisee phones | 83 | 93 |
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