5/10

Franchimp Summary Rating

9 /10
Lower than 12% of peers

Franchise Summary

Description
The firanchisee will offer commercial janitorial services under the name OpenWorks
Company Background
OpenWorks is a commercial janitorial services company that offers its clients a variety of cleaning and maintenance services. We are the premiere provider of commercial, industrial, and residential service in the area. Our team has years of experience across all types of office environments including banking institutions, medical offices, retail spaces, restaurants and more.
Franchise Opportunity
Commercial janitorial services are a fragmented industry and there is little innovation. OpenWorks will offer commercial janitorial services using an innovative business model that has never been used before in this industry. The solution is to use a franchisee-based model, where franchises can be purchased for $100k and the franchisor (OpenWorks) provides support for the franchisees through training, marketing materials, etc. This new approach allows us to scale up quickly with minimal overhead costs as we build our brand recognition within the market. In addition, it allows each of our franchise owners to focus on their own territory rather than having them contend with national contracts from other companies that have higher prices and limited flexibility in pricing structure or service offerings. Our business plan calls for us to open 200 locations over the next 5 years while maintaining gross margins above 50%.
Corporate Structure
 OpenWorks was incorporated in Arizona on June 5, 1987, and also did business under the names O.P.E.N. America, O.P.E.N. Cleaning Systems, O.P.E.N. of Arizona, O.P.E.N. of California and O.P.E.N. of Washington. In March 2000, OpenWorks began doing business under the name OpenWorks. Its principal business office is located at 4742 North 24th Street, Suite 450, Phoenix, Arizona 85016.

Earnings Transparency

1 /10
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of OpenWorks Franchisees

OpenWorks Franchise System Development in 2022

FAQ

How much investment do I need to start my own OpenWorks business?
Franchisees typically require at least $4 to $134 investment to get their OpenWorks business started
What are the initial franchise fees for OpenWorks?
Franchisees typically need to pay at least $2 in fees directly to OpenWorks in order to earn the right to launch their business
How much money can I make with a OpenWorks franchise? What are the average revenues for a typical OpenWorks business?
We haven’t done the math on how much revenue a typical OpenWorks brings in each year. We estimate that other franchisees in the Professional Services industry generate $932,459 revenue, so we would expect OpenWorks to generate a similar amount
How long do I need to commit to running a OpenWorks unit? What is my contractual commitment?
OpenWorks franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

9 /10
The Franchisor's investment costs ranges from $4,250 to $134,480 which is Much Lower than the $0 to $0 average in the Maintenance Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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