In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for a Window Gang franchise, based on Item 7 of the company’s 2024 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for a Window Gang franchise, based on Items 5 and 6 of the company’s 2024 FDD

Section III – Number of franchised and company-owned Window Gang outlets at the start of the year and the end of the year for 2021, 2022, and 2023, based on Item 20 of the company’s 2024 FDD

Section IV – News updates on the Window Gang franchise opportunity

Section V – Presentation and analysis of Window Gang’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2024 FDD, including information on the:

• 2023 average and median gross sales per franchised business and per franchisee for the 25 Window Gang franchisees and their 29 franchised businesses that were open and operating the entire fiscal year by the same franchisee

• 2023 average, median, high, and low gross sales for the top quartile, median 50%, and bottom quartile of the 25 Window Gang franchisees and their 29 franchised businesses that were open and operating the entire fiscal year by the same franchisee

• 2023 average job size and average gross sales per customer for the top 50% and bottom 50% Window Gang franchised businesses by average job size

• 2023 total gross sales and percentage of gross sales by service type for all jobs that were submitted through Window Gang’s Customer Relationship Manager software (CRM) by the 17 Window Gang franchisees and their 19 franchised businesses

Section VI – Key ratios, comparables, computations, and analyses for the Window Gang franchise opportunity (exclusive content for Platinum subscribers)

Section I – Window Gang Franchise Costs

• Window Gang franchise costs, based on Item 7 of the company’s 2024 FDD:

• Franchise Fee:  $65,000
• Vehicle:  $1,500 to $5,000
• Real Estate and/or Leasehold Improvements:  $0 to $3,000
• Equipment and Supplies:  $2,500 to $7,500
• Insurance:  $2,000 to $5,000
• Signage:  $3,000 to $4,000
• Technology Fee:  $5,000
• Grand Opening:  $2,500 to $5,000
• Training Expenses:  $2,600 to $4,600
• Licenses/Bonds:  $100 to $1,500
• Professional Fees:  $1,500 to $3,000
• Additional Funds (3 months):  $22,500 to $40,000
• Total Estimated Window Gang Franchise Costs:  $108,200 to $148,600

Section II – Window Gang’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Window Gang’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2024 FDD:

• Franchise Fee:  $65,000
• Royalty:  6% of Gross Sales; $150 per week, minimum
• Marketing Fund:  the greater of 2% of Gross Sales per week or $50 per week
• Advertising Cooperative Fee:  up to greater of $10,000 or 2% of Gross Sales per year

Section III – Number of Franchised and Company-Owned Window Gang Outlets

Franchised

2021

• Outlets at the Start of the Year:  45
• Outlets at the End of the Year:  45
• Net Change:  0

2022

• Outlets at the Start of the Year:  45
• Outlets at the End of the Year:  46
• Net Change:  +1

2023

• Outlets at the Start of the Year:  46
• Outlets at the End of the Year:  48
• Net Change:  +2

Company-Owned

2021

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2022

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2023

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

Section IV – News Updates on the Window Gang Franchise

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Window Gang Franchise (Item 19, 2024 FDD)

• During its 2023 fiscal year, Window Gang had 29 total Franchised Businesses open and operating the entire fiscal year by the same franchisee. These 29 Franchised Businesses were operated by a total of 25 franchisees.

• These 25 franchisees and their 29 Franchised Businesses reported Gross Sales totaling $13,035,730 during Window Gang’s 2023 fiscal year in connection with their calculation and payment of Royalties.

• Gross Sales is defined in this analysis as it is in the Franchise Agreement.

• This analysis excludes 6 franchisees operating 7 Franchised Businesses that either (1) were not open the entire fiscal year because they either began operating or ceased operating during Window Gang’s 2023 fiscal year or (2) are not currently using Window Gang’s customer relationship manager software (CRM) in a manner for Window Gang to collect and disclose the below financial performance information.

Part 1 – 2023 Fiscal Year Average and Median Gross Sales by Franchised Business and by Franchisee for the 25 Franchisees and Their 29 Franchised Businesses

• Total Gross Sales Reported (29 Franchisees/25 Franchised Businesses):  $13,035,730
• Number of Franchised Businesses:  29
• Average Gross Sales Per Franchised Business:  $449,508
• Median Gross Sales Per Franchised Business:  $360,050
• Number of Franchisees:  25
• Average Gross Sales Per Franchisee:  $521,429
• Median Gross Sales Per Franchisee:  $423,913

Part 2 – 2023 Fiscal Year Average and Median Gross Sales by Franchisee and by Quartiles for the 25 Franchisees and Their 29 Franchised Businesses

Top Quartile

• Average Gross Sales:  $1,059,916
• High Gross Sales:  $1,967,623
• Low Gross Sales:  $587,823
• Median Gross Sales:  $758,165
• Number of Franchisees:  6
• Number of Franchised Businesses:  6

Median 50%

• Average Gross Sales:  $398,591
• High Gross Sales:  $573,181
• Low Gross Sales:  $201,058
• Median Gross Sales:  $423,913
• Number of Franchisees:  12
• Number of Franchised Businesses:  14

Bottom Quartile

• Average Gross Sales:  $138,870
• High Gross Sales:  $182,221
• Low Gross Sales:  $40,884
• Median Gross Sales:  $166,739
• Number of Franchisees:  7
• Number of Franchised Businesses:  9

Part 3 – 2023 Fiscal Year Average Job Size and Average Gross Sales per Customer for All Jobs That Were Submitted Through Window Gang’s Customer Relationship Manager Software (CRM) by the 25 Franchisees and Their 29 Franchised Businesses

Top 50% Franchised Businesses by Average Job Size

• Average Job Size:  $590
• Average Gross Sales per Customer:  $890

Bottom 50% Franchised Businesses by Average Job Size

• Average Job Size:  $368
• Average Gross Sales per Customer:  $542

• Jobs in this Part 3 reflect 79.6% of the total $13,035,730 reported by the 25 franchisees and their 29 Franchised Businesses during Window Gang’s 2023 fiscal year.

• Certain of Window Gang’s franchisees are not currently using its CRM to submit Average Job Size and average Gross Sales per Customer and therefore Window Gang does not have reliable Average Job Size and average Gross Sales per Customer information for those franchisees.

Part 4 – 2023 Fiscal Year Total Gross Sales and Percentage of Gross Sales by Service Type for All Jobs That Were Submitted Through Window Gang’s Customer Relationship Manager Software (CRM) by the 17 Franchisees and Their 19 Franchised Businesses

• This table presents 2023 fiscal year Total Gross Sales and Percentage of Gross Sales by service type for all jobs that were submitted through Window Gang’s customer relationship manager software (CRM) by the 17 franchisees and their 19 Franchised Businesses.

• Service types are described in 4 distinguishable service offerings: Gutter Cleaning, Window Cleaning, Soft Washing, Pressure Washing, plus a catch-all “All Other Revenue” category.

• “All Other Revenue” is inclusive of jobs Window Gang was not able to delineate a core type for and Gross Sales reported to the franchisor.

Window Cleaning

• Total Gross Sales:  $4,646,152.53
• Percentage of Gross Sales:  35.6%

Gutter Cleaning

• Total Gross Sales:  $1,783,608.88
• Percentage of Gross Sales:  13.7%

Soft Washing

• Total Gross Sales:  $1,469,805.04
• Percentage of Gross Sales:  11.3%

Pressure Washing

• Total Gross Sales:  $1,348,468.79
• Percentage of Gross Sales:  10.3%

All Other Revenue

• Total Gross Sales:  $3,787,694.76
• Percentage of Gross Sales:  29.1%

• Jobs in this Part 4 reflect 79.6% of the total $13,035,730 reported by the 25 franchisees and their 29 Franchised Businesses during Window Gang’s 2023 fiscal year.

• Certain of Window Gang’s franchisees are not currently using Window Gang’s CRM to submit Service Type and therefore it does not have reliable Service Type information for those franchisees.

Section VI – Window Gang Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️