The investment in MyPower Solutions franchise includes the combined storefront and learning center and the inventory to launch the store. In the first year the projected gross revenue is $255,000, with a projected EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of 48% or $122,805.
Each franchise is capable of servicing 500 customers a month, and projected to be at full capacity within four months of the store opening. This is based on acquiring 125 customers per month over the first four months. This time frame may be shortened as marketing will be ongoing prior to the franchise arrival.
After purchasing a franchise(s), it will take one hundred twenty days before it is set up and operational. During this time site selection, employee training and marketing takes place. A franchisee can expect to see a projected profit within four months from the time their franchise begins operation.
10% Community Reinvestment
Community reinvestment is an essential part of MyPower Solutions business model. Ten percent of $255,000, which is the franchisees projected first year gross revenue, is reinvested into the community through our eco-system. Ten percent of gross revenue is given back to the local community each year.
All projections are estimated and are based on franchises operating at capacity with 500 customers. Further details can be found in Item 19 of our Franchise Disclosure Documents.