Are you looking for an OpenWorks franchise? But are still rambling about whether OpenWorks Franchise is a good option for investment or not?
Do not worry; here, we are going to provide you with all the information related to OpenWorks Franchise and other facts related to it like its profitability, cost, investment, and so on. So, let’s begin.
In 1983, OpenWorks was founded as a full-service commercial cleaning.
Today, for nearly four decades, it has been providing cleaning services and has countless experiences with more than 1,500 clients in 30 million square feet of office space.
They also have a motto of providing a variety of “green” solutions to help them achieve their environmental goals.
OpenWorks offer a franchise opportunity to entrepreneurs who are willing to manage the commercial services with full effort and have the leadership quality to manage the business activities.
Moreover, OpenWorks is a low-cost franchise and also provides financial support as well as a veteran discount.
They also provide a training program and some other support to franchisees like customer services, supervision and safety, and so on.
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OpenWorks Franchise Model
|Initial Investment||$18,500 to $72,000|
Training Of OpenWorks
OpenWorks provide an initial training program to all new franchisees. The program has included all janitorial operations under Openwork’s system for the franchisee and any employees.
The training program will be held at the headquarters of OpenWorks and consists of 24 classroom hours and 19hours of on-the-job hours.
Moreover, any employee can attend the training without any charges. And it is compulsory for franchisees and any other business employee to participate in the training program for the franchisor’s satisfaction.
Term of Agreement & Renewal
The initial length of the OpenWorks franchise agreement is ten years. After the completion of the 10-year agreement, the franchisee has the right to renew the term if they wish to do.
But for this, the franchisees have to fulfill the pre-condition. Moreover, if requirements are not met, the renewal will be declined by the franchisor.
How Much Does OpenWorks Franchise Make?
There are multiple aspects that define the profitability of their business.
Typically, the profit of any franchise is proportionate to the cost of investment, demand, cost of labor, expenses, and lease rate of the commercial place.
In the case of OpenWorks, the cost of investment is low, but the chance of profitability is higher because of their good service and a great number of clients.
Moreover, they have also made their name in the janitorial industry, which attracts more customers.
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OpenWorks Franchise Comparison
|Initial Investment||$18,500 to $72,000||$72,765 – $192,615|
|Annual Revenue||$65 million||$38 Million|
Frequently Asked Question
How many OpenWorks franchises are there?
OpenWorks has more than 800 units across the U.S.
How much does it cost to own the OpenWorks franchise?
An initial investment required to open an OpenWorks Franchise is $18,500 to $72,000
Is OpenWorks a low-cost investment franchise?
Yes, OpenWorks is a low-cost investment franchise and is also listed in the section for Franchises under $10k.
Amit Gupta is the founder of DrFranchises. He has a keen interest in investments, and has thus far invested in a few franchises. Franchise businesses are his forte- he knows all there is to know about their space requirements, fees, ROI potential, and business models. This makes him an ideal candidate for anyone looking to invest in a franchise