Mike Andes discusses a pressure-washing franchise charging $15,000 upfront plus 10% of gross sales, despite the business reporting only $9,611 in annual revenue. The speakers question why the owner is chasing franchise fees instead of fixing the core business first.
This pressure. Washing company wants to franchise their business, but the exact same time is struggling to make a profit.
I didn't even think about it. Just said 15,000 up front and we'll do 10% of gross sales. I have a branch in Kentucky, so I'm not a franchise. It's just an agreement. What's his gross revenue? Right now? It's $9,611 for the year. Yeah. So you're making a thousand dollars? Yeah, to use the name, that doesn't.
Cost the legal fees.
I get it.
This is a classic case of the shiny object syndrome, going from one thing to the next. If he would have just focused on his own business, he would made that thousand dollars by selling one or two jobs and making that profit in one afternoon. We could go make that in like the last two hours together on a window cleaning job, bro.
