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.
How COVID-19 affects franchising costs
Strict sanitation and employee protection measures during the coronavirus outbreak add to the typical costs you face when opening a new franchise. Paired with the unusually heavy amount of promotions that may be required by the franchise, you may not see as much in the way of profits starting out. For more information on what support is out there, read our guide to
loans for businesses affected by the coronavirus.
Estimated initial costs
Our cost estimates are accurate as of 2019 from
https://www.franchisedirect.com and include opening fees and expenses only. Your location 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 2019.
How to finance
The best way to finance The Maids Home Services comes down to your personal financial situation. What assets you have available will largely determine how much you need to borrow, and which option suits you best. Potential solutions include:
- Bank loan. Your personal credit plays a large role in getting a business term loan from a bank. Typically this type of funding is for larger amounts.
- Online loan. Credit requirements may be more flexible for an online loan than a bank loan, but amounts may max out at a lower amount — typically around $1 million.
- SBA loan. The good part about SBA loans is that they top out at $5 million, but your business has to meet a number of requirements.
- Credit card. Small costs that aren't fixed, such as stray inventory and supply purchases, may be better off on a business credit card. Just make sure you can pay it off quickly to avoid high APRs.
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
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.
