Office Pride Franchise Costs & Fees
Date of Incorporation: 1992
Franchising Since: 1995
Headquarters: Palm Harbor, Florida
Business Description: The name of the franchisor is Faith Franchising Company, Inc. An Office Pride janitorial service business sells and performs janitorial services, related services and ancillary goods in office buildings, retail buildings, medical buildings, commercial buildings, churches and other commercial facilities that require routine contract cleaning to create or maintain a clean work environment.
Franchise Offer: The franchise offered is for the operation of a single unit. If prospective franchisees currently operate a commercial cleaning business they may convert their existing business to an Office Pride franchise.
Financial Assistance: In order to assist credit-worthy franchisees to purchase and operate the business, the franchisor or an Area Developer may, but are not required to, finance 50% of the Initial Franchise Fee, with a minimum down payment of 50% of the Initial Franchise Fee.
Training and Assistance: The current training program consists of approximately 5 days of initial classroom training that is held at the franchisor’s training center in Tampa, Florida. The managing shareholder or partner must attend the initial training. Franchisees may elect to enroll 1 additional employee in the training program. The current training program also includes an in-market initial training component which will last for approximately 7 days (which may not be consecutive) during which the franchisee’s Area Developer or the franchisor’s representative will assist the franchisee with sales and operation. All franchisees are required to attend the franchisor’s yearly franchisee retreat.
Territory: Franchisees will not receive an exclusive territory. Franchisees may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands the franchisor controls. The operation of the Office Pride business, however, will be limited to a certain market. Typically, a franchisee’s market is a metro area. Franchisees are restricted from soliciting or accepting orders from customers currently being serviced by another Office Pride business or from customers located outside their market area.
Term of Agreement and Renewal: The length of the initial franchise term is 10 years. A successor unit franchise may be granted for a period of 10 years, if requirements are met.
Obligations and Restrictions: Franchisees must operate their Office Pride business through a legal entity. The managing partner or shareholder must, at all times, faithfully, honestly and diligently perform and exert their best efforts in performing the obligations under the Franchise Agreement. Each of the owners and their respective spouses must jointly and severally be bound by the terms of the Franchise Agreement and personally guarantee performance. Franchisees must operate their Office Pride franchise in accordance with the franchisor’s Methods of Operations. Franchisees may only sell the goods and services that are listed as approved services in the Methods of Operations. Franchisees must sell all the goods and services the franchisor has authorized.
Estimated Number of Units: 125
|Name of Fee||Low||High|
|Initial Franchise Fee||$29,900||$29,900|
|Store Creation Fee||$0||$10,000|
|Cleaning Supplies, Materials and Ancillary Goods||$1,000||$1,000|
|Office Equipment and Supplies||$500||$3,500|
|Licenses and/or Bonds||$2,400||$120,000|
|Additional Funds - 3 months||$20,000||$51,100|
|Type of Fee||Amount|
|Royalty||9% of Revenue Sales Collected.|
|Interest||Up to 10%|
|Processing Fee||Currently, $35 per calendar week.|
|Service Fee||0% to 100% of the revenue from the accounts.|
|Retreat Fee||$250 per year.|
|Refresher Training Fee||$250 per day, on average.|
|Ongoing Assistance||$300 to $1,000 per day.|
|Advertising Fund Fee||At least $200|
|Advance Fee||$100 per advance request.|
|Auditing Costs||Varies between $300 to $500 per day.|
|Customer Development Fee||Varies by customer account.|
|Management Fee||Varies between $300 and $500 per day.|
|Successor Franchise Fee||$2,000|
|Attorneys’ Fees and Cost of Collection||Varies between $500 and $2,000|
|Technology Fee||$125 per month.|
|Administrative Fee||Currently, $150 per breach.|
The above information has been taken from the FDD of Office Pride. Year of FDD: 2016
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