Wallaby Windows logo

Wallaby Windows Franchise

Audited Financials
Home ServicesEst. 2023Glen Allen, VA
www.WallabyWindows.com
Financing Available

Risk Score

Pending analysis

Investment Range

$158,606 - $241,690

Franchise Fee

$24,750

Min Cash Required

$50,000

Total US Locations

48

Business Summary

Wallaby Windows offers franchises for businesses that provide window installation, replacement, repair, and related services. These services are provided to both residential and commercial customers. The company utilizes a system that includes distinctive business formats, operational procedures, a manual, and specialized Wallaby Vehicles for service delivery.

Corporate History

Wallaby Windows Franchisor, LLC was formed as a Delaware limited liability company on March 30, 2023. It began operating a Wallaby Windows franchise in 2022 and started offering franchises in April 2023. The company acquired the franchise assets related to the Wallaby Windows system on April 13, 2023, through its parent company, Empower Brands Franchising, LLC. Its predecessor was Wallaby Franchise, LLC, a Florida limited liability company that was the franchisor from October 2022 to April 2023. Wallaby Windows is a wholly-owned subsidiary of Outdoor Living Brands Holdco, LLC, which is part of the larger Empower Brands family.

Financial Overview

Investment Range

$158,606 - $241,690

Franchise Fee (Low)

$24,750

Franchise Fee (High)

$49,500

Minimum Cash Required

$50,000

Royalty %

5%

Marketing %

1%

Equipment Costs (Low)

$10,456

Equipment Costs (High)

$75,040

Working Capital

$50,000

Audited Financials

Yes

Offers Financing

Yes

Audit Opinion

Unqualified opinion

Financial Health Notes

Outdoor Living Brands Holdco, LLC, the parent company of Wallaby Windows, reported audited consolidated financial statements with an unqualified opinion, indicating that their financial statements present fairly, in all material respects, their financial position and results of operations. The auditors did not identify any conditions or events that raise substantial doubt about the company's ability to continue as a going concern. Management actively monitors receivable balances and believes its exposure to credit risk is limited.

Financing Details

Wallaby Windows generally does not offer direct or indirect financing and does not guarantee notes, leases, or other obligations. However, in limited circumstances, Wallaby Windows may offer to finance up to 50% of the initial franchise fee.

Performance Metrics

Total US Locations

48

Franchised Units

45

Corporate Units

3

Franchising Since

2023

Agreement Terms

Initial Term

10 years

Renewal Term

5 years

Renewal Conditions

To renew their franchise, Wallaby Windows franchisees must provide written notice of their intent to renew 6 to 12 months before the initial term ends. They must update or replace their Wallaby Vehicles and any franchise location to meet current brand standards. Franchisees must also be in full compliance with their agreements, satisfy all monetary and reporting obligations, and sign a general release of claims against Wallaby Windows and its affiliates. Additionally, they will need to sign Wallaby Windows' then-current franchise agreement, which may have different terms and conditions, and pay a renewal fee of the greater of 25% of the initial franchise fee or $5,000. Franchisees and their personnel must also meet any current qualification and training requirements.

Training & Support Program

Franchisor Assistance

Wallaby Windows provides several types of assistance to its franchisees. Before opening, the company offers initial training for up to three individuals (Operating Principal, Manager, and Salesperson) at its headquarters, covering instruction and materials. If additional opening assistance is requested and deemed necessary, franchisees can receive it, but they must reimburse Wallaby Windows for expenses and a potential service fee. Wallaby Windows also sells a vehicle graphics package, ladder, window samples, and tools, and provides supplier names for other equipment. Ongoing support includes making additional training programs available, reviewing and approving all promotional materials and advertising, administering the Brand Fund for system-wide advertising, and providing periodic assistance in marketing, management, and operations. Wallaby Windows may also assist with establishing product and service pricing, and may offer optional services like recruiting assistance at actual cost.

Initial Training Hours

45

Training Location

Melbourne, Florida, or another location we designate

Ongoing Support

Wallaby Windows provides ongoing support through periodic assistance in marketing, management, and operations as determined by the franchisor. This includes reviewing and approving all promotional materials and advertising. The company also administers a Brand Fund for system-wide advertising, to which franchisees contribute. Wallaby Windows may also offer additional training programs and, at its discretion, provide optional services such as recruiting assistance at actual costs and expenses.

Franchise Requirements

Ideal Candidate Profile

Wallaby Windows seeks franchisees who are individual owners willing to serve as an Operating Principal with at least a 20% equity interest in the franchise. This Operating Principal must have authority over all business decisions and oversee all business matters, though not necessarily daily operational involvement. Franchisees must also appoint a full-time Manager and Salesperson (the Operating Principal may serve as one, but not both, if they have sufficient experience). The business is not intended for absentee or semi-absentee ownership; franchisees must be prepared to devote substantial time and attention to the business.

Industry Experience Required

No

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Hybrid

Owner Participation

Hands-On

Territory Type

Protected

Staff Count

3

Territory Size Requirements

Wallaby Windows territories are defined by population, with each territory consisting of up to 200,000 people. The company considers factors like median household income, traffic flow, presence of businesses, competitor locations, demographics, and other market conditions when negotiating a territory.

Staffing Notes

Wallaby Windows requires franchisees to maintain a competent, conscientious, and trained staff sufficient to promptly service customers. This includes hiring a full-time Manager and a full-time Salesperson. The Operating Principal can fulfill either the Manager or Salesperson role, provided they possess sufficient experience. All employees and subcontractors must preserve good customer relations, adhere to the brand's performance guidelines, and comply with applicable laws. New Operating Principals, Managers, and Salespersons must complete a certification training program. Additionally, Wallaby Windows may require the Operating Principal, Manager, Salesperson, and other employees to attend refresher training programs or annual conferences.