Property Administration Inc. Franchise Prices, Charges, Revenues, Income (2023 Assessment)

On this unique Franchise Chatter FDD Speak publish, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a Property Administration Inc. franchise, based mostly on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise charge, royalty charge, and advertising charge for a Property Administration Inc. franchise, based mostly on Gadgets 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned Property Administration Inc. retailers at first of the 12 months and the top of the 12 months for 2020, 2021, and 2022, based mostly on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on the Property Administration Inc. franchise alternative

Part V – Presentation and evaluation of Property Administration Inc.’s monetary efficiency representations (common revenues and/or earnings), based mostly on Merchandise 19 of the corporate’s 2023 FDD, together with data on the:

• 2022 common, median, excessive, and low income per unit for residential, business, affiliation, and short-term rental pillars of Property Administration Inc. franchisees

• 2022 common, median, excessive, and low unit rely for residential, business, affiliation, and short-term rental pillars of Property Administration Inc. franchisees

Part VI – Key ratios, comparables, computations, and analyses for the Property Administration Inc. franchise alternative (unique content material for Platinum subscribers)

Part I – Property Administration Inc. Franchise Prices

• Franchise Price:  $59,900 to $85,000
• Hire:  $0 to $2,000
• Rental Enhancements:  $0 to $2,500
• Deposits:  $0 to $2,500
• Pillar Certification (Coaching Program, Workshop, and PMiLAUNCH):  $0 to $3,800
• Gear and Enterprise Provides:  $500 to $3,000
• Laptop {Hardware} and Software program (together with PMiSOFT, PMiWARE, PMiPrograms, and PMiSTR, as required):  $675 to $5,950
• Native Promoting Bills for Interval of three Months:  $4,500 to $7,500
• Insurance coverage:  $2,000 to $5,000
• Skilled Companies:  $0 to $1,500
• VOIP Phone Gear (3 months not together with FCC charges and taxes):  $300 to $500
• Further Funds for Interval of three Months:  $0 to $20,000
• Whole Estimated Property Administration Inc. Franchise Prices:  $67,875 to $145,250

Part II – Property Administration Inc.’s Preliminary Franchise Price, Royalty Price, and Advertising and marketing Price

• Preliminary Franchise Price:  $59,900 to $85,000
• Royalty:  month-to-month (i) 5.0% of Brokerage, plus (ii) a tiered share of Gross Income (the higher of seven% or $350, $700, $1,050 based mostly on Territory Gross sales Quota, on Gross Income as much as $35,000; plus 6% of Gross Income from $35,001-$75,000; plus 5% on Gross Income above $75,001), plus (iii) 0.5% of rents collected on self-owned rental Doorways and Suites, and 1% reserving income collected on self-owned Keys
• Nationwide Promoting Price:  2.0% of Gross Income
• Native Promoting:  minimal of $1,500 per 30 days and $1,000 per 30 days for every further pillar (Digital Advertising and marketing Program counts towards the $1,500 and $1,000 for every further pillar per 30 days minimal)

Part III – Variety of Franchised and Firm-Owned Property Administration Inc. Shops

Franchised

2020

• Shops on the Begin of the Yr:  257
• Shops on the Finish of the Yr:  294
• Web Change:  +37

2021

• Shops on the Begin of the Yr:  294
• Shops on the Finish of the Yr:  354
• Web Change:  +60

2022

• Shops on the Begin of the Yr:  354
• Shops on the Finish of the Yr:  403
• Web Change:  +49

Firm-Owned

2020

• Shops on the Begin of the Yr:  2
• Shops on the Finish of the Yr:  2
• Web Change:  0

2021

• Shops on the Begin of the Yr:  2
• Shops on the Finish of the Yr:  2
• Web Change:  0

2022

• Shops on the Begin of the Yr:  2
• Shops on the Finish of the Yr:  2
• Web Change:  0

Part IV – Information Updates on the Property Administration Inc. Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Property Administration Inc. Franchise (Merchandise 19, 2023 FDD)

• As of December 31, 2022, Property Administration Inc. had 405 complete places. Primarily based upon information and data for the 2022 calendar 12 months, Property Administration Inc. has created the monetary efficiency representations made on this Merchandise 19. The fabric foundation for such representations are as follows:

• Property Administration Inc. used solely precise historic monetary figures, offered from both (i) unaudited financials and working studies submitted to it by its Franchisees, or (ii) its accounting software program, for the total 2022 calendar.

• Information from 28 franchises is just not included within the 2022 information as a result of the franchise both failed to supply Property Administration Inc. with information or the information was incomplete or inadequate;

• Information associated to Doorways for 12 franchises is just not included as a result of the franchises didn’t handle any Doorways, didn’t take part within the Residential Pillar, or the information was incomplete or inadequate;

• Information associated to Models for 7 franchises is just not included as a result of the franchises didn’t handle any Models, didn’t take part within the Affiliation Pillar, or the information was incomplete or inadequate;

• Information associated to Keys for 10 franchises is just not included as a result of the franchises didn’t handle any Keys, didn’t take part within the Quick-Time period Pillar, or the information was incomplete or inadequate;

• Information associated to Suites for six franchises is just not included as a result of the franchises didn’t handle any Suites, didn’t take part within the Industrial Pillar, or the information was incomplete or inadequate;

• Apart from listed above, the information from all franchises (excluding company-owned retailers) for the total 2022 calendar 12 months is included within the monetary representations made herein. The traits of the franchised places included within the monetary representations made herein don’t differ materially from the franchises that could be supplied to potential franchisees.

• In 2022, 2,599 Doorways, 14,788 Models, and 199 Keys have been added by means of acquisitions from 54 particular person transactions.

Half 1 – Common Income per Unit

• This desk reveals the precise numbers for Excessive/Common/Median/Low annual earnings, excluding pass-through objects. “Earnings” means complete income generated by Franchisees (excluding firm owned) earlier than any prices or bills, i.e. royalty charges, promoting charges, and many others.

Residential

• Whole Eligible Franchises:  229
• Excessive Income Per Unit:  $54,327.00
• Common Income Per Unit:  $2,915.70
• Median Income Per Unit:  $2,198.48
• Low Income Per Unit:  $93.67

Industrial

• Whole Eligible Franchises:  31
• Excessive Income Per Unit:  $7,560.00
• Common Income Per Unit:  $1,829.50
• Median Income Per Unit:  $1,020.95
• Low Income Per Unit:  $249.37

Affiliation

• Whole Eligible Franchises:  100
• Excessive Income Per Unit:  $5,085.00
• Common Income Per Unit:  $261.00
• Median Income Per Unit:  $176.16
• Low Income Per Unit:  $14,75

Quick-Time period Rental

• Whole Eligible Franchises:  78
• Excessive Income Per Unit:  $43,599.00
• Common Income Per Unit:  $8,452.43
• Median Income Per Unit:  $6,445.00
• Low Income Per Unit:  $53.50

Half 2 – Common Unit Rely

• This desk reveals the precise numbers for Excessive/Common/Median/Low unit rely for Doorways, Models, Keys, and Suites by Franchisee, excluding personally-owned items. “Earnings” means complete income generated by Franchisees (excluding firm owned) earlier than any prices or bills, i.e. royalty charges, promoting charges, and many others.

Residential

• Whole Eligible Franchises:  229
• Excessive Unit Rely:  2,353
• Common Unit Rely:  122
• Median Unit Rely:  62
• Low Unit Rely:  1

Industrial

• Whole Eligible Franchises:  31
• Excessive Unit Rely:  174
• Common Unit Rely:  24
• Median Unit Rely:  9
• Low Unit Rely:  1

Affiliation

• Whole Eligible Franchises:  100
• Excessive Unit Rely:  8,079
• Common Unit Rely:  770
• Median Unit Rely:  285
• Low Unit Rely:  7

Quick-Time period Rental

• Whole Eligible Franchises:  78
• Excessive Unit Rely:  214
• Common Unit Rely:  20
• Median Unit Rely:  6
• Low Unit Rely:  1

Earnings per Door is comprised of the next:

1. Residential Doorways

• a. Administration charges starting from 4% to 12% of gross month-to-month rents; and
• b. Recurring or one-time ancillary property administration and different actual property providers, with charges/fees/markups starting from $1.00 to hundreds of {dollars}, paid by property house owners, tenants, service suppliers, and distributors.

2. Industrial Doorways

• a. Administration charges starting from 2% to eight% of gross month-to-month rents; and
• b. Recurring or one-time ancillary property administration and different actual property providers, with charges/fees/markups starting from $1.00 to hundreds of {dollars}, paid by property house owners, tenants, service suppliers, and distributors.

Earnings per Unit is comprised of the next:

1. Affiliation Models

• a. Month-to-month administration charges starting from $2.00 to $125.00 per Affiliation Unit; and
• b. Recurring or one-time ancillary property administration and different actual property providers, with charges/fees/markups starting from $1.00 to tons of of {dollars}, paid by service suppliers, distributors, and Associations.

Earnings per Key’s comprised of the next:

1. Quick-Time period Rental Keys

• a. Administration charges starting from 10% to 40% of gross month-to-month rents; and
• b. Recurring or one-time ancillary property administration and different actual property providers, with charges/fees/markups starting from $1.00 to tons of of {dollars}, paid by property house owners, tenants, friends, service suppliers, and distributors.

• Some PMI franchises have earned this quantity. Your particular person outcomes might differ. There is no such thing as a assurance you’ll earn as a lot.

Part VI – Property Administration Inc. Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️