If you are looking for a profitable yet affordable business venture that offers you consistent demand, then you might want to look at Voda Cleaning And Restoration Franchise.
Imagine owning a franchise that offers demand from two business sectors: carpet cleaning and restoration services. Wouldn’t that ensure consistent demand and good income?
Don’t believe us? Then keep reading!
About Voda Cleaning And Restoration Franchise
Voda Cleaning & Restoration is an industry-leading restoration and cleaning service company that offer services to commercial and residential customers.
The company was founded in 2009, and it started franchising this year in 2023.
Voda Cleaning & Restoration franchise is a two-in-one kind of opportunity. This is because the company offers water damage restoration services as well as healthy alternatives to carpet cleaning.
Since the demand for both carpet cleaning and water damage restoration is evergreen, investing in this business opportunity might yield you fruitful results and consistent income.
Let us explore this franchise further to find out if it is worth its salt.
Voda Cleaning And Restoration Franchise Model
| Cost or Fee | Amount or Percentage |
|---|---|
| Initial Franchise Fee | $59,500 |
| Initial Investment | $146,500 – $198,250 |
| Net Worth Requirement | $250,000 |
| Cash Requirement | $75,000 |
| Royalty Fee | 7% |
| Ad Royalty Fee | 1% |
| Term of Agreement | 10 years |
| Is franchise term renewable? | Yes |
Interested In Voda Cleaning Franchise?
How Much Does It Cost To Open a Voda Cleaning And Restoration Franchise?
The biggest question in your head right now might be how much does it cost to open a Voda Cleaning and Restoration franchise?
Well, luckily, owning a Voda Cleaning and Restoration franchise might be an amazing opportunity for you as it generates high profits and requires a minimum initial investment of only $146,500 – $198,250.
There are obviously other ongoing costs that you will have to incur, such as bearing a 7% royalty fee and a 1% ad royalty fee, among others.
We advise you to get in touch with the company and ask for their Financial Disclosure Document (FDD) to get detailed information on all the fees, terms, and other essential things about owning this franchise.
Voda Cleaning And Restoration Franchise Requirements
In order to be eligible for owning a franchise, different businesses have different requirements that the candidate must meet.
So in order to own a Voda Cleaning And Restoration franchise, the candidate must have a minimum net worth of $250,000 and liquid cash of $75,000.
Once you meet these requirements, you can move on to the next steps in owning this franchise.
Failure Rate of Voda Cleaning And Restoration
Company-Owned Outlets:
| Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|
| 2020 | 1 | 1 | 0 |
| 2021 | 1 | 1 | 0 |
| 2022 | 1 | 1 | 0 |
For the Company-Owned outlets:
- In 2020, the failure rate was (0)/1×100≈0.00%
- In 2021, the failure rate was (0)/1×100≈0.00%
- In 2022, the failure rate was (0)/1×100≈0.00%
According to the above-mentioned data, we can see that for the company-owned outlets, the failure rate of Voda Cleaning And Restoration was lying in the range of 0.00% for the span of 3 years.
Training & Support
If you have never worked in the cleaning and restoration business, then appropriate training and support is a must for you.
And one of the biggest questions in your head might be does Voda Cleaning And Restoration franchise offer training and support.
Do not worry, Voda Cleaning And Restoration offers 20 hours of mandatory on-the-job training as well as 25 hours of classroom training that the franchise owner must finish.
Along with this, the franchisor also offers ongoing support that includes:
- Purchasing Co-ops
- Meetings & Conventions
- Newsletter
- Toll-Free Line
- Online Support
- Lease Negotiation
- Grand Opening
- Field Operations
- Proprietary Software
- Site Selection
- Franchisee Intranet Platform
as well as marketing support that includes:
- Co-op Advertising
- National Media
- Ad Templates
- Regional Advertising
- SEO
- Social Media
- Email Marketing
- Website Development
Term Of Agreement & Renewal
The term of agreement and renewal of different franchises may vary, so it is important to find out the same for the franchise you are interested in.
Knowing the term of the agreement and renewal allows you to determine for how long you would be obliged to run the franchise, irrespective of the money that you are making from it.
So the term of the agreement for the Voda Cleaning And Restoration franchise is ten years, and the franchisor allows renewal.
This means once you invest in Voda Cleaning And Restoration franchise, you will have to run it for ten years minimum, and if you like, you can renew your term again after the ten-year period ends.
Voda Cleaning And Restoration Franchise Profit & Revenue
The profit and revenue of a franchise can vary depending on the job’s demand in the area, location, truck size, and number of employees, among other factors.
However, according to the company’s website, a Voda Cleaning and Restoration franchise owner makes $1,748,877 in annual revenue on average.
If we break this down, then the average gross revenue per job accounts for $1,665, and the average truck revenue comes down to $349,775.
The website also mentioned that the average profit margin for Voda Cleaning And Restoration franchise is 32% which is more than the industry average for a lot of different franchise niches.
After deducting the many operating expenses and cost of goods sold, a Voda Cleaning and Restoration franchise owner makes an EBITDA of $559,775 in a year which is a stunning income.
Interested In Voda Cleaning Franchise?
Comparison
| Company | Franchise Fee | Royalty Fee | Initial Investment |
|---|---|---|---|
| Voda Cleaning And Restoration | $59,500 | 7% | $146,500 – $198,250 |
| ServiceMaster | $31,500 without financing | 4%-7% | $86,500 without financing |
| HOODZ | $23,900 – $65,900 | 10% | $136,000 – $228,000 |
Wrap Up
Voda Cleaning And Restoration franchise is a great business opportunity that requires minimum investment and generates handsome profit.
The company offers ten years of agreement, all the required training and support, and the best part is since the company offers two kinds of services: water damage restoration and carpet cleaning services, you are sure to receive consistent demand from both the niche.
FAQs
Does Voda Cleaning And Restoration offers franchise?
Yes, Voda Cleaning And Restoration offers a franchise. In fact, the company has started offering franchises this year (in 2023) only.
What is the initial franchise fee of Voda Cleaning And Restoration franchise?
To own a Voda Cleaning and Restoration franchise, you are required to pay initial franchise fee of $59,500.
Are cleaning franchises even profitable?
The Cleaning and Restoration industry is a $200 Billion+ Industry with a YOY growth rate of 5%.
Since both cleaning and water damage restoration are always in demand, owning a cleaning franchise can be extremely profitable, allowing business owners to make a six-figure income in no time.
Where is Voda Cleaning and Restoration headquartered?
The headquarters of Voda Cleaning and Restoration is in West Salem, WI.