
Molly Maid
Residential cleaning- 2023 Franchise 500 Rank
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#142 Ranked #69 last year
- Initial investment
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$127K - $184K
- Units as of 2022
-
488 0.6% over 3 years
Molly Maid may be made for you! This cleaning company is operated under the Neighborly umbrella, allowing franchisees to use its business system to provide high-end residential cleaning services. David McKinnon founded the company in 1979, and its franchisees offer services from locally-owned locations around the nation. In 1984, it expanded from Canada to the United States. Company headquarters are located in Ann Arbor, Michigan. Molly Maid consists of a franchise network, covering over 475 locations in the U.S.
Molly Maid may be a repeat business opportunity for those interested in getting into the cleaning business. Having national brand recognition may assist you in your journey to achieving your goals. As a Molly Maid franchisee, it is possible to meet your personal, financial, and professional goals.
Why You May Want to Start a Molly Maid Franchise
If you are motivated to open a business franchise, Molly Maid is one to consider. They offer support as franchisees establish an enterprise and provide an in-demand service to their community. While striving to add value to people's lives, Molly Maid franchises offer housekeeping services in a recognizable market niche.
The franchisor may offer you a straightforward business model with reliable repeat customers who depend on your services. Within its flexible schedule, the business model targets American families whose members don't have time for housekeeping chores.
Molly Maid services are not automatable or replaceable, so clients outsource them to franchise holders. The franchise's time-saving cleaning solutions may be in it for the long haul, as they typically have steady clientele.
What Might Make a Molly Maid Franchise a Good Choice?
Molly Maid has created an established model of home cleaning solutions. Many franchisees choose to partner under its iconic brand name. This company boasts of having provided services to millions of Americans, many of which are happy to become repeat customers.
You will likely have the independence of operating your franchise to combine ambition with energy. Molly Maid offers the experience and expertise of its heritage alongside other benefits. Molly Maid strives to be known for its unique business system designed to improve sustainable and streamlined operations.
This franchise also carries with it comprehensive support and ongoing training on finance management, franchise consultation, and advice whenever needed. It's also helpful to note that Molly Maid has designated territory and registered trademarks for marketing, while also carrying a support system for strategies that target the web, media, client engagement, and continued innovation.
How to Open a Molly Maid Franchise
Having your own franchise doesn't necessarily mean you'll be dusting and cleaning houses, but the management and coordination of cleaner service teams are your responsibility. Becoming a Molly Maids franchisee means providing a service that customers can trust.
During the initial process of opening a Molly Maid franchise, you'll usually have the chance to speak to existing franchisees and ask questions directed to the Molly Maid team.
Molly Maid wishes to be more than just a cleaning service—get ready to offer comfort and clarity to your neighborhood.
Company Overview
About Molly Maid
Industry | Maintenance |
---|---|
Related Categories | Residential Cleaning, Miscellaneous Maintenance Businesses, Commercial Cleaning, Cleaning/Restoration |
Founded | 1979 |
Parent Company | Neighborly |
Leadership | Vera Peterson, Brand President |
Corporate Address |
1010 N. University Parks Dr. Waco, TX 76707 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
Franchising Since | 1979 (2023-1979 years) |
---|---|
# of employees at HQ | 1,600 |
Where seeking |
This company is offering new franchisees throughout the US. |
# of Units | 488 (as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Molly Maid 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
|
$14,900 |
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Initial Investment
|
$127,200 - $184,450 |
Net Worth Requirement
|
$250,000 |
Cash Requirement
|
$65,000 |
Veteran Incentives
|
15% off franchise fee |
Royalty Fee
|
3-6.5% |
Ad Royalty Fee
|
$104/wk. |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Molly Maid has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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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 | 101.75 hours |
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Classroom Training | 21 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
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No |
# of employees required to run | 14 |
Are exclusive territories available?
|
No |
Interested in ownership opportunities like Molly Maid? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Molly Maid landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Molly Maid ranked on other franchise lists? Find out below.
Ranked #142 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #23 in 2023
Buying a franchise on a budget? No problem. Here are the top franchises that can be started for less than $150,000. For more low-cost opportunities, see our lists of franchises that can be started for less than $50,000 and less than $100,000.
Ranked #116 in 2022
Our ranking of the top 150 franchises offering incentives and other programs to help veterans become franchisees.
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