Mosquito Squad Franchise Fee, Revenue, And Profit Margin
Mosquito Squad franchise is seeking to open franchise units across the world with new franchisees being an important part of the equation. Mosquito Squad began operations in 2004 and started franchising the following year, with corporate headquarters in Richmond, VA.
It is a mosquito & tick extermination company that continues to provide far-reaching solutions to pest problems.
If you’re seeking to own a successful low-cost pest control business, Mosquito Squad meets all such desires. What more, its quick start-up period means you won’t have to wait long before opening for business.
According to the franchisor, new franchisees can commence operations within 30 days of training. So, what better way to start your entrepreneurship journey than by partnering with a trusted company?
Why Mosquito Squad?
Often, the needed motivation is required to get started. For Mosquito Squad, there are many reasons for prospective franchisees to consider the franchising opportunities it offers.
First, it prides itself as North America’s first, most trusted and best choice for mosquito elimination.
Having the largest footprint in the mosquito elimination category of franchises makes it an industry leader. Since 2004, Mosquito Squad has seen a huge jump in its fortunes.
Today, this company has over 200 franchise locations and counting. Its exceptional services haven’t gone unnoticed either.
As a result, it has been consistently ranked on Entrepreneur Magazine’s top 500 franchises. Mosquito Squad has also been ranked for 6 years on a row on Inc. Magazine’s “Fastest Growing Companies in the U.S.” This gives some level of assurance for prospective investors.
The financial requirements for owning a Mosquito Squad franchise isn’t so high. This means all classes of investors can join and grow their investments. The estimated initial investment ranges from $65,800 to $86,925. This is the total amount you need to open the franchise.
The estimated initial investment includes or covers other costs such as the initial franchise fee of $40,000, travel and living expenses while training which ranges from $500 to $1,000 and tools & equipment of about $2,000 to $3,000.
Other cost breakdowns include computer hardware & software from $800 to $2,000.
An inventory expense between $1,200 to $6,500 is also included in the estimated initial investment. Additional costs include a tradeshow booth from $2,500, storage facility for inventory & equipment starting from $0 to $375 and vehicle costs of $0 to $2,250.
Vehicle signage costs anywhere between $1,300 to $1,800, initial marketing expenses covering a 3 month period ranges from $15,000 to $20,000. New franchisees will need additional funds of about $2,500 to $7,500. This will cover 3 months.
During franchise ownership, you’ll be incurring additional costs by way of fees. These are detailed in the franchise disclosure document (FDD). While some of these costs are stated, the franchisor reserves the right to make alterations.
Fees include the interest of less than 1.5% or higher, late report fee of $100 per violation, insufficient funds fees, seminar, programs or convention fees, development agreement transfer fees, supplemental or refresher training, liquidated damages, audit fees, and fee for lost manuals of $500.
Franchisees are required to pay a local marketing fee of $35,000 per year, national branding and marketing fee as well as monthly brand licensing fee. The finer details of these and more are included in the FDD which you are expected to review during application.
All Mosquito Squad franchisees must undergo an initial training program at its corporate headquarters in Richmond, Virginia. Here, you get to receive every knowledge and skill required to operate your franchise. Initial training is split into 5 days, each focusing on specific areas of operation.
On the first day of training, you get to learn about the client. The client is central to the franchisor’s marketing campaigns. Marketing strategies are worked into a plan which involves both online and offline tactics.
The pest is under focus here. You get to learn all there is to mosquitoes and ticks in addition to how best they can be eliminated using its techniques. Such techniques include barrier treatment and misting systems. A classroom session, as well as field demonstrations, are provided.
Also, Mosquito Squad takes you to visit a local franchise office where you get to see how an actual operation works.
Accounting and finance are under focus here. New franchisees are taught how to effectively and efficiently use accounting systems. The IT department at Mosquito Squad handles this session by taking you through the core technology platforms such as Customer Relationship Management System (CRM), as well as email and intranet.
You’re guided through a process of ordering and receiving products. Plus, the sales process is fully explained in detail. Customer service training is also provided to enable you to provide clients with world-class customer service.
Training is provided on ticks. This is in addition to safety guidelines to follow. Lastly, a Q&A session is held to answer any questions you might have.
Training doesn’t stop for as long as the relationship between you and the franchisor continues. Ongoing training is provided in several ways that include webinars, field visits, system-wide franchisee conference calls, and annual meetings.
Asides training, new franchisees are given all the support they need to succeed. This is in the form of ongoing and marketing support. Ongoing support includes newsletter releases, access to its franchisee intranet platform, a toll-free line, online support, security & safety procedures.
Marketing support includes the use of the franchisor’s ad templates, national and regional media advertising, social media advertising, SEO, website development and email marketing. All these help enhance the visibility of your business.
Proceeding with the application process involves several steps. The most important of all begins with filling and submitting its online form. An alternative will be to contact the franchisor through a call on 1.888.308.3018. An expert from Mosquito Squad supplies all the details you need about the franchise.
Also, you are given all the guidance necessary throughout the application process right up to the first opening of your doors for business. This relationship continues throughout your franchise term.
The mosquito squad franchise has been discussed with details on how to invest. Prospective investors have the opportunity of becoming part of a successful brand. This is further assured through the use of its business models and strategies.