What was the average Gross Booking CAD for the 13 Spray Net businesses?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
| Gross Booking | Gross Sales (Production) USD | Gross Margin | Net Promoter | |
|---|---|---|---|---|
| USD | Score | |||
| Number of | 4 | 4 | 4 | 4 |
| Businesses | ||||
| Average | $469,436 | $442,678 | 53% | 84 |
| Median | $499,026 | $468,798 | 53% | 88 |
| High | $543,659 | $512,812 | 61% | 100 |
| Low | $336,036 | $320,304 | 47% | 62 |
| Number and | 2 (50%) | 3 (75%) | 2 (50%) | 3 (75%) |
| Percentage of | ||||
| Businesses that Met | ||||
| or Exceeded the | ||||
| Average | US Disclosed Businesses Open for 20 to 36 Months as of December 31, 2024 | |||
| Gross Booking USD | Gross Sales (Production) USD | Gross Margin | Net Promoter Score | |
| Number of | 3 | 3 | 3 | 3 |
| Businesses | ||||
| Average | $782,380 | $710,687 | 55% | 96 |
| Median | $749,294 | $676,409 | 54% | 97 |
| High | $1,044,040 | $962,190 | 62% | 100 |
| Low | $533,808 | $493,462 | 52% | 90 |
| Number and | 1 (33%) | 1 (33%) | 2 (66%) | 1 (33%) |
| Percentage of | ||||
| Businesses that | ||||
| Met or Exceeded | ||||
| the Average | CN Businesses Open for 24 Months as of December 31, 2024 | |||
| Gross Booking CAD | Gross Sales (Production) CAD | Gross Margin | Net Promoter Score | |
| Number of Businesses | 13 | 13 | 13 | 13 |
| Average | $1,438,626 | $1,253,259 | 61% | 89 |
| Median |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 63–72)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, the average Gross Booking for 13 Canadian (CN) businesses was $1,438,626 CAD. This data reflects the performance of these businesses that were open and operating for at least one year as of December 31, 2024. It's important to note that seven CN Businesses were excluded because they did not operate for a full year, and five were excluded for not reporting complete financials.
Gross Booking is defined as the total amount of work booked by the businesses, including all jobs they were hired to perform. This metric differs from Gross Sales (or Production), which represents the actual revenue generated. For these 13 CN businesses, the average Gross Sales was $1,253,259 CAD. The FDD also provides median, high, and low figures for Gross Booking, offering a range of performance within this group. The median Gross Booking was $1,257,056 CAD, with the highest reaching $2,985,551 CAD and the lowest at $787,720 CAD.
Prospective franchisees should consider these figures as a general indication of potential performance, but also recognize that individual results can vary significantly. Factors such as territory size, geography, demographics, and the franchisee's management skills can influence actual financial outcomes. The FDD explicitly states that there may be material differences between the size, geography, and demographics of a new franchisee's territory compared to those of the CN Businesses.
Spray Net also provides data on Gross Booking and Gross Sales for US-based businesses in the FDD. Comparing the Canadian and US figures, along with understanding the definitions and factors influencing these metrics, is crucial for prospective franchisees to assess the potential of a Spray Net franchise in their specific market. Consulting with a financial advisor is recommended to fully understand the implications of these financial performance representations.