Rank no. 80 – Molly Maid – US
Rank no. 80 – Molly Maid – US
Products & Services: Residential cleaning
Number of Locations: 623
Total Investment: $85.59K – 131.1K
Founded: 1979
Began Franchising: 1979
About Molly Maid
After founding Molly Maid in 1979 in Canada, David McKinnon brought the company to the United States in 1984. The company’s network of franchises has grown to include international locations.
From carpets to counters and baseboards to bathrooms, franchisees offer residential cleaning from locally owned locations nationwide.
Franchise Units
YEAR | U.S. | CANADIAN | INTERNATIONAL | COMPANY OWNED |
2013 | 442 | 0 | 181 | 0 |
2012 | 431 | 0 | 185 | 0 |
2011 | 430 | 0 | 181 | 0 |
2010 | 420 | 0 | 181 | 0 |
2009 | 425 | 0 | 271 | 0 |
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $14,900
Ongoing Royalty Fee: 6.5-3%
Term of Franchise Agreement: 10 years, renewable
FINANCIAL REQUIREMENTS
Net Worth: $250,000
Liquid Cash Available: $40,000
OPERATIONS
26% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 14. Absentee ownership of franchise is NOT allowed. (99% of current franchisees are owner/operators).
FINANCING TYPE | IN-HOUSE | THIRD PARTY |
Franchise Fee | ||
Startup Costs | ||
Equipment | ||
Inventory | ||
Accounts Receivable | ||
Payroll |
How This Franchise Supports Franchisees
Franchise Ranking History
Type | Privately Owned |
---|---|
Industry | Cleaning, Maid Service, Residential Cleaning, Domestic Cleaning, House Cleaning |
Founded | Mississauga, ON – 1979 |
Founder(s) | Adrienne and Chris Stringer |
Number of locations | 400+ worldwide |
Area served | Canada United Kingdom Japan Portugal United States |
Products | MOLLY MAID Cleaning Handbook[1] |
Website | Canada – [1] Japan – [2] United Kingdom – [3] Portugal – [4] United States – [ |
MOLLY MAID is an international franchise with over 400 individual franchisees throughout the world. They are listed on the Franchise 500 List[2] and one of America’s Top Global Franchises by Entrepreneur Magazine.
History[edit]
MOLLY MAID was founded in Canada in 1979[4] by Adrienne and Chris Stringer[5] The company was named after the character Molly Brown from the 1964 film The Unsinkable Molly Brown.
Today the company has over 400 active Franchises across the globe. MOLLY MAID expanded into the United States in 1984.[6]
Areas of Business[edit]
MOLLY MAID has expanded across Canada, the United Kingdom, Japan, Portugal, and the United States. The company performs more than two million home cleanings per year.
Corporate Governance/ Board of Directors[edit]
Headquartered in Oakville, Ontario, the Chairman and CEO of MOLLY MAID is Jim MacKenzie.
Ms. Molly Foundation[edit]
Ms. Molly Foundation, an anti-domestic violence foundation, began in 1996,[7] collects money and goods for safe houses and shelters for victims of domestic violence.[8]
Donation totals by year: