- 2023 Franchise 500 Rank
#427 Ranked #294 last year
- Initial investment
$115K - $248K
- Units as of 2023
110 139.1% over 3 years
Ah, the bathroom, a source of peace and recharge for anyone with a full bladder or in need of an escape. Naturally, everyone wants to feel comfortable in their bathroom. Five Star Bath Solutions, which was founded in 1996 and began franchising in 2008, may hold the solution to better bathrooms and showers as a remodeling company. Founded in Canada and since expanded into the U.S., they are one of the more well-known bathroom remodeling companies in the home remodeling industry. They are committed to designing and building dream bathrooms for all their clients.
There are over 40 Five Star Bath Solutions locations in the United States to go along with more than a dozen franchises in Canada.
Why You May Want to Start a Five Star Bath Solutions Franchise
If you love the idea of offering dream-worthy bathrooms to your community, then a Five Star Bath Solutions franchise could be for you. Their commitment to providing the best remodeling services may make them a favorite for potential franchisees, as well as customers. With a professional staff, an easy selection process, and quality assurance, they make remodeling as simple as possible for their clients. Their mission to be the top bathroom remodeling company pushes them to provide exceptional services to their customers.
With your Five Star Bath Solutions franchise, you have the potential to provide people with a safe, calm, and beautiful bathroom. A well-remodeled bathroom can be a source of serenity and help reduce stress, improving the quality of life for each individual who uses it.
What Might Make a Five Star Bath Solutions a Good Choice?
Five Star Bath Solutions is one of the larger franchise systems in the bathroom renovation industry. Their dedication to providing a quality experience to each of their customers has brought them a steady stream of clientele for years. Their success in the remodeling industry and their stellar reputation may be promising for people considering the prospect of opening a Five Star Bath Solutions franchise.
The perfect candidate for a Five Star Bath Solutions franchise is a self-starter with an entrepreneurial spirit, a strong desire to succeed, business management skills, and training experience. If you feel you fit these qualifications, opening a Five Star Bath Solutions franchise could be a great decision for you.
How To Open a Five Star Bath Solutions Franchise
As a Five Star Bath Solutions franchisee, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's liquid capital requirements.
Once you have completed an official franchise application and signed on board, you will undergo a multi-day intensive training session in the existing corporate territory and learn all you need to run your franchise. As you begin the training process, you will get the opportunity to speak with other franchisees to learn through their experiences.
Get ready to make the bathroom your world. Five Star Bath Solutions wants to see your franchise grow, and the company is prepared to support you every step of the way.
About Five Star Bath Solutions
|Franchising Since||2008 (15 years)|
|# of employees at HQ||7|
This company is offering new franchisees throughout the US.
This company is offering new franchisees in the following international regions: Canada
|# of Units||110 (as of 2023)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Five Star Bath Solutions franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$114,500 - $248,000|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|10% off franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Five Star Bath Solutions has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, accounts receivable, payroll|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|On-The-Job Training||24 hours|
|Classroom Training||15-20 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||1-3|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where Five Star Bath Solutions landed on this year's Franchise 500 Ranking versus previous years.
Curious to know where Five Star Bath Solutions ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse franchises that are similar to Five Star Bath Solutions.
- Interior design and decorating services and products
- Residential and commercial repair, maintenance, and improvement services
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