What was the average 'Gross Booking' in USD for Spray Net CN Businesses during 2024?
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 |
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 CN (Canadian) businesses open for 24 months as of December 31, 2024, was $782,380 in USD. This data is based on three businesses. Gross Booking is defined as the total amount of work booked by the businesses.
It's important to note that this figure represents the average performance of a specific subset of Spray Net's Canadian franchises that met particular criteria (being open for 24 months and reporting complete financials). A prospective franchisee should understand that their own business's performance could differ significantly based on factors such as location, market conditions, and their own management skills.
Furthermore, the FDD also provides Gross Booking figures for US businesses and CN businesses open for a year, allowing for a comparative analysis. The average Gross Booking for the four US businesses was $469,436. The average Gross Booking in CAD for the 13 CN businesses was $1,438,626. Reviewing all these figures can give a potential franchisee a broader understanding of the brand's financial performance across different markets and operational durations.
Prospective franchisees should carefully consider these financial performance representations, understand the underlying assumptions and criteria, and conduct their own independent research and due diligence before making any investment decisions. Consulting with a financial advisor and existing Spray Net franchisees is also advisable to gain a more comprehensive understanding of the potential financial outcomes.