🍟 10/18/2021 – Smash My Trash And Honest Abe Roofing
Smash My Trash
Fast Facts
Background
- Founded in 2016, franchising since 2018
- 163 units open as of 2021
Fees + Investment
- Royalty: 8% of gross sales
- Brand Fund: 1% of gross sales
- Franchise Fee: $49,500
- Initial Investment: $322,650 – $395,500
Financial Performance
- Below is a statement of income from the full year 2019 and for the first 4 months of 2020 for a franchisee in Houston
The Wolf’s Take 🍟
$601,039 of net income off of $1,388,523 in revenue is an insane margin…not sure what else needs to be said!
Recent Press
Honest Abe Roofing
Fast Facts
Background
- Founded in 2007, franchising since 2017
- 28 units of 2021
Fees + Investment
- Royalty: 5% of gross sales
- Brand Fund: 2% of gross sales
- Franchise Fee: $35,000
- Initial Investment: $98,471 – $210,285
Financial Performance
- The below information is from 2 Honest Abe franchises that were open for the full year 2019
The Wolf’s Take 🍟
Service franchises are of course a different animal than retail franchises, but the average gross revenue for Honest Abe is impressive, albeit a small sample size. In the last year they’ve gone from 7 franchises to 27 franchises, suggesting that their in full growth mode!
Recent Press
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