1. Business Ideas
  2. Business Plans
  3. Startup Basics
  4. Startup Funding
  5. Franchising
  6. Success Stories
  7. Entrepreneurs
  1. Sales & Marketing
  2. Finances
  3. Your Team
  4. Technology
  5. Social Media
  6. Security
  1. Get the Job
  2. Get Ahead
  3. Office Life
  4. Work-Life Balance
  5. Home Office
  1. Leadership
  2. Women in Business
  3. Managing
  4. Strategy
  5. Personal Growth
  1. HR Solutions
  2. Financial Solutions
  3. Marketing Solutions
  4. Security Solutions
  5. Retail Solutions
  6. SMB Solutions
Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. Learn more.
Start Your Business Franchising

Franchises Offer Money-Back Guarantees

Franchises Offer Money-Back Guarantees

Thinking of opening a franchise but fear you'll lose your shirt? At least one franchise company has a solution to that problem – a money-back guarantee.

Service Brands International (SBI), parent company of Molly Maid, Mr. Handyman and ProTect Painters, is offering a money-back guarantee to new franchise owners.

The company said it will refund owners' entire franchise fee if $150,000 in gross sales is not met within the first 18 months of operation, giving would-be business owners an "out" if things aren't going well at first.

The Mr. Handyman franchise fee of $19,900 and the Molly Maid and ProTect Painters fees of $14,900 will be covered under this guarantee if the gross sales figure is not hit.

The main reason behind our money-back guarantee is to convey our confidence to our franchise candidates that we strongly believe in our operating models," said Alex Roberts, president of ProTect Painters. "There is still a lot of fear for people starting a business in today's economy. If they went in knowing they could recoup their initial franchise fee if they did not meet specific criteria, it would help calm their fears. "

The current offer expires on March 31, 2012, Roberts said. The company may continue to offer the guarantee beyond that date, but that is not confirmed, he said.