Franchising is a great way to make the transition from corporate America to business ownership. As you begin to explore this path, one key question you’ll likely want answered is what you can expect to earn on a franchise owner’s salary.
Your salary will vary based on many factors, but as a business owner, the potential is truly in your hands. That’s what drives a lot of people to pursue a Merry Maids franchise—to have the chance to put their efforts and talent to work and directly benefit from that commitment.
Being a business owner also brings rewards of freedom, flexibility, and the coveted ability to finally feel in control of your career trajectory. The overall value of these qualitative advantages is a strong consideration of how franchise owners get paid.
Increasing Your Salary Through Business Ownership
According to Bank Rate , the average small business owner’s salary is nearly $99,979, higher than the average American wage of $63,795. When looking at how much you can make owning a franchise, your income will likely exceed that of the average employee.
When you own a franchise, there are several ways you can increase your owner’s salary and make your business more profitable . According to Nav, which is building a financial health platform for small business, these are some ways to drive more income to the bottom line of your small business:
- Understand your cash flow analysis: how your money is moving in (via sales, investments and more) and out (via expenses, inventory and debt) of your franchise
- Develop a sales strategy
- Diversify your revenue streams
- Foster customer relationships
- Analyze data to find areas of profitability
This is good advice when researching franchise models. When franchises, like Merry Maids, present multiple ways to increase profit, it reflects in the franchise owner's salary and the overall financial health of the business.
Item 19 of the FDD: Financial Performance
Every franchise must produce a franchise disclosure document (FDD), which includes 23 items detailing everything about the franchisor from the company’s history and experience to a breakdown of the franchisee’s initial investment. Among those sections, the optional Item 19 discusses financial performance. The amount of detail that a franchise includes will vary, but some, like Merry Maids, provide extensive details on the financial performance of their network of franchisees.
How much do franchisees make with Merry Maids? We can answer that question in several ways.
We provide information on franchise revenue for all franchisees, including for our franchise ownership groups and active franchisees within the ownership groups. We also provide information from franchises regarding their performance during the previous year. For example:
- The average gross sales for single-unit groups in the top 10% were $1,556,478 in 2023.*
- The average gross sales for multi-unit groups in the top 10% were $3,241,966 in 2023.*
We share this information, along with overall averages, to show you financial outcomes that are already being achieved by franchise owners.
Merry Maids is in the Right Industry
An important part of generating a solid franchise owner salary is being in the right industry, and the residential cleaning industry is certainly one with a strong future. IBISWorld notes that the number of residential cleaning services businesses increased for a total of 379,073 , a growth rate that has been consistent for five years.
In addition, Merry Maids is part of the ServiceMaster family of brands, which, according to IBISWorld has been recognized as having the largest market share in the residential cleaning services franchise industry, with 16.6% of total industry revenue. This is because we show stronger profit and revenue growth than some of our peers.
As you explore how much you can make owning a franchise, start by taking a closer look at the Merry Maids franchise opportunity.
Explore the Merry Maids Opportunity
The ideal franchise owner with Merry Maids is keen on providing exceptional customer service, possesses strong organizational skills, and is a proactive self-starter. Our comprehensive training program will provide you with the knowledge you need to run your business with all administrative and technology platforms required.
We offer a franchise model with multiple revenue streams for driving income to your franchise, as well as a consistent method of retaining customers so you maximize your cost-per-customer acquisition. Our technology platforms help you maintain organized and consistent communication with customers while managing schedules in a way that effectively delegates your staff's time. Finally, our sales and marketing programs make it easier for you to attract new business and move more clients into the recurring revenue position in your business.
Request Franchise Ownership Information Today
Request information on becoming a Merry Maids franchise owner today. A member of our franchise development team will be glad connect with you to set up a further discussion.
*Based on annual gross sales during the covered period for 12 months ending December 31, 2023, for Merry Maids Ownership Groups, as stated in the 2024 Merry Maids Franchise Disclosure Document.