Corvus Franchise Review
Corvus is graded based on our most recent FDD research!
Franchise Opportunity Data
A Corvus franchise is a commercial janitorial cleaning business that provides comprehensive commercial cleaning and maintenance services.
What are the requirements to buy a Corvus franchise?
Corvus has an initial franchise fee of up to $16,500, with a overall upfront investment range of $7,575 to $32,500.
- Initial Franchise Fee: $16,500
- Total Investment: $7,575 to $32,500
- Working Capital: $500 to $3,000
- Royalty Fee: 10.0%
The initial purchase price of any franchise includes several fees. Explore this investment opportunity to better understand the specific costs required to own a Corvus, such as franchise fees, real estate costs, pre-opening marketing, and technology fees. It should be noted that, franchisors are required to provide you with details about all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay.
Can you Afford an Corvus Franchise. Complete our Affordability Calculator to find out!
How much does a Corvus franchisee make?
As with any new franchise, the franchise owner's salary and the profits from a Corvus business depends on a variety of factors. One way to check on the potential revenues or profits earned from a Corvus franchise investment is to review the franchisor's Item 19 within their FDD. Usually, earnings and owner's salary are correspond to the size of the investment and number of locations you buy. Demand for your products, the labor costs, commercial lease rates and a number of other variables also play a large role in your profit margin and your personal salary
For additional information and system-specific data on the profits of a Corvus franchise, unlock this franchise opportunity
How many franchise outlets does Corvus franchise own?
As of the 2020 Franchise Disclosure Document, there are 226 franchised Corvus locations in the USA.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any Corvus franchise opportunities near me?
Based on 2020 FDD analysis, Corvus has franchised locations in 3 states. There may be no locations in several states as each franchise company maps out their growth strategy differently. Certain states also require franchise companies to register their franchise opportunity and file their Franchise Disclosure Document (FDD) with state examiners prior to selling franchise opportunities to residents in that state. These registration states have examiners review a franchise company's FDD to confirm it satisfies state regulatory requirements. In addition to registration states, additional states have enacted supplemental franchise or business opportunity laws that mandate franchise companies to submit their franchise within the state. In almost all instances the filing is a notice within the state. Unlike franchise registration states, the franchise filing states do not review a franchisor's FDD.
Based on the data collected Corvus is expanding into new states and might be available in your city. While planning your franchise purchase, you should be considering where is a good location for my franchise. Anlayze the potential customer base to confirm that your city has a need or a market for this brand. Even the most successful franchised businesses have areas that they do not succeed in. The reasons why a specific franchise location can fail can be plentiful. You should analyze not only the franchise itself, but review areas where you believe the business has a greater chance to succeed.
One of our researchers will have detailed knowledge about this franchise. Unlock to learn more and connect with our researchers.
Last Reviewed: 2020
Sector: Commercial and Residential Services
Category: Cleaning
Corvus Franchise INFORMATION
10 Years
10 Years
159
226
10.0%
0.0%
FAQS
Does this brand provide any initial training and opening assistance?
Yes, they have an initial training program of 10 hours. This includes 5 hours of classroom training, 5 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | 0 |
|---|---|
| On-the-Job | 5 |
| Classroom | 5 |
| Total | 10 |
Does this brand provide Territory Rights?
Corvus does NOT offer territory protections. For an explanation of territory rights, unlock this franchise opportunity for important details.
Do they have marketing and technology support in place?
No, Corvus does NOT offer comprehensive support for franchisees.
When did Corvus start franchising?
They began franchising in 2010. The average Cleaning franchise began franchising in 2003.
Do they offer lending support?
Yes. They offer certain financing options within Item 10 of their FDD.
Unlock this opportunity for instant access to our research findings, including:
- Growth projections
- Turnover projections
- Financial transparency
- Initial and renewal terms
- Royalties and marketing fees
- Critical Franchise FAQs
- Our grade and free access to consult with a franchising expert
- How much do franchise owners historically make?
- Does this brand provide Veteran or First Responder discounts?
- Does this brand use public figures to promote their franchise?
- Does this brand disclose any bankruptcies?
- Is this franchise affiliated with any other franchise opportunities or private equity investment groups?
- How many new locations have they sold within the last 5 years?
- How many franchised locations have closed within the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised locations have terminated within the last 5 years?
- Does this brand operate any company or affiliate owned locations?
- How long is their initial and renewal term lengths?
- How does the franchisor avoid litigation and lawsuits?
- How long have they been franchising?
- Are they expanding internationally?
- How often are royalties and advertising fees paid to the franchisor?
- What are the territory protections the franchisor provides you?
- What is the role of technology in the operation of the franchise?
- Why has new franchise outlet growth been so high?
- What are the important requirements for managing a successful franchised location in this brand?
- Are you required to work in the outlet or is this a passive franchise opportunity?
- Will the franchisor refund the franchise fee under certain circumstances?