In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Made in the Shade Blinds & More franchise, based on Item 7 of the company’s 2024 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Made in the Shade Blinds & More franchise, based on Items 5 and 6 of the company’s 2024 FDD
Section III – Number of franchised and company-owned Made in the Shade Blinds & More 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 Made in the Shade Blinds & More franchise opportunity
Section V – Presentation and analysis of Made in the Shade Blinds & More’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2024 FDD, including information on the:
- average projects per week, average sales per project, and annual gross revenue based on a 50-week year for the 35 Made in the Shade Blinds & More franchisees who had been in business for more than one year and responded to the franchisor’s survey
- forecasts of what a Made in the Shade Blinds & More franchisee can potentially earn for gross revenues in any given year under three different scenarios: Scenario A (3 projects per week), Scenario B (5 projects per week), and Scenario C (7 projects per week)
Section VI – Key ratios, comparables, computations, and analyses for the Made in the Shade Blinds & More franchise opportunity (exclusive content for Platinum subscribers)
Section I – Made in the Shade Blinds & More Franchise Costs
- Initial Franchise Fee: $64,000 to $71,000
- Furniture, Fixtures, and Equipment: $0 to $1,000
- Computer Hardware and Software: $100 to $2,000
- Office Space: $0 to $5,000
- Office Supplies: $100 to $200
- Insurance: $1,000 to $4,000
- Initial Training Expenses: $500 to $1,000
- Initial Marketing Expenses: $3,000 to $6,000
- Professional Fees: $2,000 to $3,000
- Licenses and Permits: $300 to $500
- Vehicle and Wrap: $1,500 to $2,500
- Additional Funds for 3 Months: $2,000 to $5,000
- Total Estimated Made in the Shade Franchise Costs: $74,500 to $101,200
Section II – Made in the Shade Blinds & More’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Initial Franchise Fee: $64,000 to $71,000
- Marketing Fee: basic marketing support is currently $100 per month. There is additional marketing support available for an additional fee.
- Local Marketing: Made in the Shade Blinds & More recommends 3% of gross sales
Section III – Number of Franchised and Company-Owned Made in the Shade Blinds & More Outlets
Franchised
2021
- Outlets at the Start of the Year: 84
- Outlets at the End of the Year: 91
- Net Change: +7
2022
- Outlets at the Start of the Year: 94
- Outlets at the End of the Year: 106
- Net Change: +15
2023
- Outlets at the Start of the Year: 106
- Outlets at the End of the Year: 105
- Net Change: -1
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 Made in the Shade Blinds & More Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Made in the Shade Blinds & More Franchise (Item 19, 2024 FDD)
- The following table contains both the results of a survey of Made in the Shade franchisees as well as forecasts of what a Made in the Shade franchisee can potentially earn for gross revenues in any given year under three different scenarios: Scenario A (3 sales per week), Scenario B (5 sales per week), and Scenario C (7 sales per week).
- The table below presents data across the following columns:
- Average – the average of all eligible responses;
- Scenario A – 3 sales per week at the average sales per project reported by all eligible responses;
- Scenario B – 5 sales per week at the average sales per project reported by all eligible responses;
- Scenario C – 7 sales per week at the average sales per project reported by all eligible responses.
Average
- Projects Per Week: 5.1
- Average Sale Per Project: $3,355
- Annual Gross Revenue: $855,525
Scenario A
- Projects Per Week: 3
- Average Sale Per Project: $3,355
- Annual Gross Revenue: $503,250
Scenario B
- Projects Per Week: 5
- Average Sale Per Project: $3,355
- Annual Gross Revenue: $838,750
Scenario C
- Projects Per Week: 7
- Average Sale Per Project: $3,355
- Annual Gross Revenue: $1,174,250
- Projects Per Week means the average number of jobs completed each week in the most recently completed calendar year.
- Average Sale Per Project means the annual gross revenue divided by total jobs for the most recently completed calendar year.
- Annual Gross Revenue refers to Gross Revenue earned in the most recently completed calendar year.
- Gross Revenue means the total revenue derived from the sale of goods or services less sales tax, discounts, allowances, and returns.
- The table above presents both the average of eligible responses from Made in the Shade’s most recent franchisee survey as well as pro forma examples of annual gross revenue under three different scenarios.
- Made in the Shade based these formulations on a survey conducted in March 2024 from its franchisees.
- The average represents the average of all eligible responses to the survey.
- For the forecast scenarios, the average sales figure of $3,355 per sale is based upon the average sale per product from all eligible responses to the survey.
- The Annual Gross Revenue was formulated using 50 weeks per year, thereby assuming 2 weeks off for vacation, holiday, weather, etc.
- The survey was conducted as follows: All franchisees were invited to participate in the survey. Only those participants who had been in business for more than one year were included in the results (“eligible responses”). Using this criterion, 107 US franchisees were eligible to participate in the survey, 42 elected to respond (39% of total US franchisees), and 35 were eligible responses (33% of total US franchisees).
- The financial performance representations do not reflect the costs of sales, operating expenses, or other costs or expenses that must be deducted from the gross revenue or gross sales figures to obtain your net income or profit.
- You should conduct an independent investigation of the costs and expenses you will incur in operating your franchised business. Franchisees or former franchisees, listed in the Franchise Disclosure Document, may be one source of this information.
- These figures are only estimates of what Made in the Shade Blinds & More thinks you may earn. Your individual results may differ. There is no assurance that you’ll earn as much.
Section VI – Made in the Shade Blinds & More Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.
Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.
Gain
the Insider Information (and Actual Earnings Data) You Need to Make a
Safe and Smart Franchise Investment – See more at:
https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf