We call it 'having your ducks in a row' but really, it's just doing your homework and entering into owning a Puddle Ducks franchise with your eyes open. We are open and transparent about the costs involved and the potential rewards and will answer any questions you have as well as encourage you to talk to our Franchisees if you are serious about wanting to join the network.
We would expect an established* Puddle Ducks franchise to achieve annual income/sales of at least £250,000 with the potential for sales significantly in excess of this figure.
In 2017/18, over 40% of our franchises achieved income/sales of over £250,000 and 50% of those in excess of £400,000.
At this level, net profits should be in the region of 19% although this will depend upon individual business mix, gross margins, and overheads.
As with any franchise business, your individual profitability will depend upon several factors, not least your own effort and hard work, correct application of our system, commercial skills, judgement and market conditions.
*We define an established franchise as having around 500 customers with a minimum annual income/sales of £250,000.