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

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

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

Section III – Number of franchised and company-owned Mr. Sandless 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 Mr. Sandless franchise opportunity

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

• 2023 average, median, highest, and lowest gross revenues for the top 50% of the 86 Mr. Sandless USA franchise locations (owners) that neither opened or closed in 2023, and the 10 Mr. Sandless USA franchise locations in the top 50% that operated under a single unit

• 2023 average, median, highest, and lowest gross revenues for the bottom 50% of the 86 Mr. Sandless USA franchise locations (owners) that neither opened or closed in 2023, and the 26 Mr. Sandless USA franchise locations in the bottom 50% that operated under a single unit

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

Section I – Mr. Sandless Franchise Costs

• Mr. Sandless franchise costs, based on Item 7 of the company’s 2024 FDD:

• Initial Franchise Fee:  $9,000 to $24,000
• Grand Opening Advertising:  $1,500
• Service Vehicle:  $0 to $25,000
• Equipment, Tools, and Inventory (Franchise Starter Kit):  $10,000
• Office Equipment, Furnishings, and Office Supplies:  $0 to $1,500
• Computer Hardware and Software:  $0 to $1,600
• Professional Services:  $350 to $2,500
• Licenses/Permits:  $200
• Insurance:  $1,250
• Training Expenses:  $510
• Additional Funds (3 Months):  $5,000 to $15,000
• Total Estimated Mr. Sandless Franchise Costs:  $27,810 to $83,060

Section II – Mr. Sandless’ Initial Franchise Fee, Royalty Fee, and Marketing Fee

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

• Initial Franchise Fee:  $9,000 for the first territory of approximately 200,000 population and $5,000 for each additional territory of approximately 100,000 population. The minimum initial franchise fee is $9,000 for a single territory purchase of approximately 200,000 population. The maximum initial franchise fee is $24,000 for a 4-territory purchase of approximately 500,000 population.

• Royalty Fee:  6% of Gross Sales or $600 per month, whichever is greater

• National Advertising Fund:  1% of Gross Sales

Section III – Number of Franchised and Company-Owned Mr. Sandless Outlets

Franchised

2021

• Outlets at the Start of the Year:  179
• Outlets at the End of the Year:  166
• Net Change:  -13

2022

• Outlets at the Start of the Year:  166
• Outlets at the End of the Year:  177
• Net Change:  +11

2023

• Outlets at the Start of the Year:  177
• Outlets at the End of the Year:  205
• Net Change:  +28

Company-Owned

2021

• Outlets at the Start of the Year:  9
• Outlets at the End of the Year:  9
• Net Change:  0

2022

• Outlets at the Start of the Year:  9
• Outlets at the End of the Year:  9
• Net Change:  0

2023

• Outlets at the Start of the Year:  9
• Outlets at the End of the Year:  0
• Net Change:  -9

Section IV – News Updates on the Mr. Sandless Franchise

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

• In 2023, there were 86 locations (86 owners), operating 182 USA franchised businesses. Of the 86 owners, 45 owners operated multiple businesses for an aggregate of 141 businesses. These figures exclude seven franchised businesses that opened in 2023 and would not provide at least six months of financial representations. The results of company-owned outlets are not included.

Top Tier (43 locations)

• Average Annual Earnings:  $241,440
• 15 (or 35%) surpassed the average.
• Median Annual Earnings:  $204,120
• Highest Annual Earnings:  $1,011,504
• Lowest Annual Earnings:  $107,835

10 of the 43 Top Tier locations reporting operated under a single unit.

• Average Annual Earnings for Single Units:  $256,093
• 4 (or 40%) surpassed the average.
• Median Annual Earnings:  $208,195
• Highest Annual Earnings:  $604,353
• Lowest Annual Earnings:  $120,159

Bottom Tier (43 locations)

• Average Annual Earnings:  $55,233
• 23 (or 53%) surpassed the average.
• Median Annual Earnings:  $54,978
• Highest Annual Earnings:  $102,898
• Lowest Annual Earnings:  $10,397

26 of the 43 Top Tier locations reporting operated under a single unit.

• Average Annual Earnings for Single Units:  $48,084
• 12 (or 46%) surpassed the average.
• Median Annual Earnings:  $42,278
• Highest Annual Earnings:  $102,051
• Lowest Annual Earnings:  $$13,036

Mr. Sandless Average Customer Price and Supply Medians

• In calendar year 2023, the 192 Mr. Sandless USA franchised businesses operating from 86 locations (86 owners), service of 6,047 jobs and total earnings of $13,161,521

• The term Supplies (used during service) is defined as the cost of all supplies expended in the provision of flooring service to an actual customer, excluding carpentry supplies. This includes the administration fee but does not include shipping to the sites. It does not include inventory.

• Mr. Sandless Average Customer Price:  $2,177
• Mr. Sandless Median Customer Price:  $2,179
• Mr. Sandless Average Supplies:  $89
• Mr. Sandless Median Supplies:  $88.50

• Mr. Sandless tracks all reported sales, which are then added for a year-end total, and divided by the number of jobs reported, resulting in an “average” customer price.

• These figures do not include the nine franchised businesses which closed during fiscal year 2023.

• Some outlets have earned this amount. Your individual results may differ. There is no assurance that you’ll earn as much.

• The financial performance figures do not reflect the costs of sales, operating expenses, or other costs or expenses that must be deducted from the gross revenue figures to obtain your net income or profit. There may be other costs and other expenses not identified.

Section VI – Mr. Sandless Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️