What was 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% |
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 yearly performance of Crawlspace Medic's affiliate and franchised locations. The FDD specifies that revenues are calculated as gross sales less sales tax.
It is important to note that this figure does not include expenses such as royalties, brand fund payments, or technology fees, which a franchisee will need to account for. The financial performance also does not include any expenses. These expenses would impact the overall profitability of a Crawlspace Medic franchise.
Prospective franchisees should also consider that Crawlspace Medic affiliates operate without territorial restrictions, meaning that competition between franchisees is possible. The FDD cautions that individual results may vary depending on the size and characteristics of the franchisee's territory. The FY 20 operations included locations in Columbia, SC, Charlotte, NC, Greenville, SC, Atlanta, GA, Wilmington, NC, Raleigh, NC, Augusta, GA, and Charleston, SC. These locations may or may not be representative of the territory a new franchisee is considering.