What is the average revenue for a Crawlspace Medic franchise in FY 20?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 19: FINANCIAL PERFORMANCE REPRESENTATIONS]
| Crawlspace Medic | FY 20 | FY 21 | FY 22 | FY 23 |
|---|---|---|---|---|
| Average Revenue | $830,584 | $1,278,523 | $1,082,187 | $986,715 |
| Median Revenue | $945,187 | $1,006,801 | $883,529 | $800,908 |
| Cost of Goods Sold | ||||
| Average Materials Cost (%) | 19% | 19% | 21% | 20% |
| Median Materials Cost (%) | 20% | 20% | 20% | 20% |
| Average Labor Cost (%) | 14% | 17% | 17% | 18% |
| Median Labor Cost (%) | 14% | 18% | 15% | 18% |
| Average Subcontractor Cost (% | 6% | 4% | 3% | 2% |
| Median Subcontractor Cost (% | 6% | 4% | 2% | 1% |
| Average All Other Cost (%) | 3% | 4% | 2% | 2% |
| Median All Other Cost (%) | 4% | 3% | 2% | 2% |
| Total Average Costs of Goods ( | 42% | 43% | 43% | 41% |
| Total Median Cost of Goods (% | 37% | 42% | 40% | 41% |
| Average Gross Profit (%) | 58% | 57% | 57% | 59% |
| Median Gross Profit (%) | 63% | 57% | 60% | 59% |
[Item 19: FINANCIAL PERFORMANCE REPRESENTATIONS]
FY 20 Operations Columbia, SC, Charlotte, NC, Greenville, SC, Atlanta, GA, Wilmington, NC, Raleigh, NC, Augusta, GA, Charleston, SC
FY 21 Operations Columbia, SC, Charlotte, NC, Greenville, SC, Atlanta, GA, Wilmington, NC, Raleigh, NC, Augusta, GA, Charleston, SC, Richmond, VA, Nashville, TN
FY 22 Operations Columbia, SC, Charlotte, NC, Greenville, SC, Atlanta, GA, Wilmington, NC, Raleigh, NC, Augusta, GA, Charleston, SC, Richmond, VA, Nashville, TN, Knoxville, TN, Louisville, KY, Chesapeake, VA, Chattanooga, TN, Savannah, GA
FY 23 Operations Columbia, SC, Charlotte, NC, Greenville, SC, Atlanta, GA, Wilmington, NC, Raleigh, NC, Augusta, GA, Charleston, SC, Richmond, VA, Nashville, TN, Knoxville, TN, Louisville, KY, Chesapeake, VA, Chattanooga, TN, Savannah, GA, Sandhills, NC, Roanoke, VA, and St Louis, MO
- Revenues are calculated as gross sales less sales tax.
- This does not include any expenses like Royalties, brand fund payments or technology fees.
- Our affiliates operate without territorial restrictions. Your results may vary depending on the size and characteristics of your territory.
- The Charlotte location commenced operation in March 2016.
- The Greenville location commenced operation in April 2017.
- The Atlanta (Franchised) location commenced operation on January 2018.
- The Wilmington location commenced operation in November 2019.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 38–40)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the average revenue for a Crawlspace Medic franchise in FY 20 was $830,584. This data is based on the performance of operations in Columbia, SC, Charlotte, NC, Greenville, SC, Atlanta, GA, Wilmington, NC, Raleigh, NC, Augusta, GA, and Charleston, SC.
It's important to note that this revenue figure is calculated as gross sales less sales tax. Additionally, this figure does not include any expenses such as royalties, brand fund payments, or technology fees, which a franchisee will need to account for when projecting their potential earnings. These costs would reduce the overall profit margin.
The FDD also states that Crawlspace Medic affiliates operate without territorial restrictions, meaning that a franchisee's results may vary depending on the size and characteristics of their territory. Prospective franchisees should consider these factors and conduct thorough market research to assess the potential revenue in their specific location. It is also important to note that the Charlotte location commenced operation in March 2016, the Greenville location commenced operation in April 2017, the Atlanta (Franchised) location commenced operation on January 2018, and the Wilmington location commenced operation in November 2019, so these locations may have had time to mature and grow their revenue.