Overall costs for The Maids Home Services run anywhere from $63,200 to $151,300. See how the costs break down and what funding options might be right for your new venture into the franchise foray.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your The Maids Home Services franchise may result in higher or lower fees.
Franchise fees
The Maids Home Services franchise fees total around $49,550, which is more than the $37,000 average for the 200 largest franchises.
| Initial license fee |
$12,500 to $12,500 |
| Initial territory fee |
$7,600 to $66,500 |
| Estimated total |
$20,100 to $79,000 |
Equipment fees
Equipment fees total $15,575 for The Maids Home Services. This is less than the $180,023 average for the top 200 franchises.
| Smart-start package |
$9,900 to $9,900 |
| Computer hardware |
$1,600 to $2,500 |
| Office fixtures, decorating and furniture |
$1,000 to $3,000 |
| Telephone |
$200 to $750 |
| Washer and dryer |
$800 to $1,500 |
| Estimated total |
$13,500 to $17,650 |
Real estate fees
Real estate will set you back $1,500 for The Maids Home Services, thought it's less than the average of $788,376 for the top 200 franchises.
| Office security deposit |
$500 to $2,500 |
| Estimated total |
$500 to $2,500 |
Training fees
The Maids Home Services initial training costs total $3,900, which comes in under the nationwide average of $9,788.
| Wages, travel and living expenses during smart start training |
$1,100 to $6,700 |
| Estimated total |
$1,100 to $6,700 |
Insurance costs
Initial insurance costs for The Maids Home Services run $2,700. This means you'll be paying less than the overall nationwide average of $6,311.
| Insurance deposit |
$2,200 to $3,200 |
| Estimated total |
$2,200 to $3,200 |
Administrative fees
The Maids Home Services administrative fees total up to $1,000 — which comes in under the overall nationwide average of $6,761.
| Startup professional services |
$500 to $1,500 |
| Technology fee |
Currently 0.25% of Gross Revenues, may be increased to 1% of Gross Revenues, with a cap of $15,000 per franchisee per year. |
| Costs and attorneys' fees |
Will vary under the circumstances. |
| Estimated total |
$500 to $1,500 |
Other expenses
Miscellaneous expenses for The Maids Home Services total $33,025 — less than the nationwide average of $69,970.
| Three months' additional funds |
$25,300 to $40,750 |
| Estimated total |
$25,300 to $40,750 |
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.
How to finance
Since the estimated total for The Maids Home Services is on the more costly side, we recommend following these steps to get fully financed:
- Go to the The Maids Home Services franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to The Maids Home Services about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $107,250 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?
You have several options when it comes to financing a The Maids Home Services — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of The Maids Home Services opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if The Maids Home Services franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.
Compare small business lenders
You may not need financing to cover the estimated $63,200. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
How The Maids Home Services stacks up
Compare how The Maids Home Services holds up against two similarly sized franchises.
| Average Franchise fees |
$4,900 |
$49,550 |
$18,750 |
| Average Equipment fees |
$2,175 |
$15,575 |
$825,000 |
| Average Real estate fees |
NA |
$1,500 |
$1,830,000 |
| Average Training fees |
$548 |
$3,900 |
$47,500 |
| Average Inventory fees |
NA |
NA |
$45,000 |
| Average Marketing fees |
$725 |
NA |
$35,000 |
| Average Licenses and permits fees |
$325 |
NA |
NA |
| Average Insurance fees |
NA |
$2,700 |
NA |
| Average Admin fees |
$628 |
$1,000 |
NA |
| Average Personnel fees |
NA |
NA |
NA |
| Average Other fees |
$1,500 |
$33,025 |
$87,500 |
Bottom line
The Maids Home Services franchise costs run a total of $107,250. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing
read our guide to franchise financing.
