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How Much Does a IRIS Environmental Laboratories Franchise Cost?

2024 Franchise Disclosure Document (FDD) Data

A IRIS Environmental Laboratories franchise costs between $72,300 and $103,510 in total initial investment, according to the 2024 Franchise Disclosure Document. The initial franchise fee is $36,000.

$72,300

Minimum Investment

$103,510

Maximum Investment

$36,000

Franchise Fee

IRIS Environmental Laboratories Franchise Fee

Initial Franchise Fee $36,000

Fee Range $18,000 – $36,000

Item 7 Fee Estimate $36,000

IRIS Environmental Laboratories Total Investment Breakdown

Here is the itemized breakdown of costs to open a IRIS Environmental Laboratories franchise, as reported in the 2024 FDD Item 7 (Estimated Initial Investment).

Minimum Investment

Maximum Investment

Franchise Fee $36,000

Initial Franchise Fee The Initial Franchise Fee is $36,000 for a defined territory which includes, training, a web page and access to our privately labeled mobile app platform. This fee is non- refundable. · At signing of the Franchise Agreement. $36,000

Real Estate $0 – $1,900

Real Estate As incurred: estimated expenses for either operating from home or leasing a small office space with approx. 500 square feet. This estimate · Before Opening $0 – $1,650

Utility Deposit As incurred; costs will vary due to policies of local utilities and this estimate includes a utility deposit. The low end reflects operating a home- based business in which there will be no utility deposit required. · Before Opening $0 – $250

Equipment & Assets $4,740 – $14,730

Equipment, Furniture and Fixtures As incurred; estimated costs for equipment, furniture and fixtures necessary for the operation of your Business. · Before opening $1,650 – $4,300

Technology As incurred; for a computer, tablet, software, printer, copier, fax machine, high- speed internet connection, router, modem and a mobile phone. · Before opening $1,700 – $3,500

Vehicle Graphics Lump sum; estimated costs for placing approved graphics on your Vehicle. We specify and provide you with vehicle graphic guidelines in the Operations Manual · Before Opening $800 – $3,500

Vehicle As incurred; you must have a reliable vehicle that meets our appearance standards for the operation of your Business. · Before Opening $0 – $2,500

Inventory of Products and Supplies Lump sum; estimated costs for startup inventory of products and supplies necessary for the operation of the Business. · Before Opening $590 – $930

Training $1,400 – $4,450

Travel, Lodging and Meals for Initial Training Program As incurred; training is held at corporate headquarters. You are responsible for all costs associated with attending such as travel, room and board. Estimate provided is for one person. Initial Training includes all training we require to commence operation. Additional training is available at your request for which an additional training fee of up to $150 per person per day may be required. · Before Opening $1,400 – $2,300

Asbestos, Mold and Lead Required Training Programs As incurred; state mandated asbestos, mold and lead training programs and certifications. Estimate is provided for one person and does not include travel expenses as training is held at different locations throughout the country. This training is separate and apart from our Initial Training program fee. · Before attending our Initial Training Program $0 – $2,150

Working Capital & Reserves $3,000 – $6,500

Operating Expenses and Additional Funds Additional funds necessary for the start-up of your business which includes working capital. · Spent over the course of the first three months $3,000 – $6,500

Other Costs $27,160 – $39,930

XRF Hand Held Analyzer As incurred. · Before Opening $20,000

Staffing As incurred; some franchisees may need to a part-time field inspector and administrative help. The low end of the estimate takes into consideration you are the field inspector, you perform all administrative duties and you are the manager. The high end of the estimate takes into account you hire part-time · Spent over the course of the first three months $0 – $10,500

Grand Opening Marketing One time, prior to commencement of business. · Before Opening $5,000

Insurance As incurred; before commencing operations of the Business and as required by insurance company. Excludes auto insurance and workers compensation insurance. · Spent over the course of twelve months $1,200 – $2,800

Business Licenses, Permits, Certifications and other Professional Fees As incurred; licenses may be required to operate your Business and any professional legal and accounting fees incurred. · Before Opening $300 – $700

Apparel Lump sum; This is an estimate for a minimum inventory of polo shirts jackets and hats for you and your employees. · Before Opening $390 – $660

Sample Testing Cassettes Lump sum. · Before Opening $270

Total Estimated Investment $72,300 – $103,510

How Does IRIS Environmental Laboratories Compare to Other Health & Wellness Franchises?

IRIS Environmental Laboratories's minimum investment of $72,300 is below the Health & Wellness industry median. The median minimum investment for Health & Wellness franchises is $241,400.

$72,300

IRIS Environmental Laboratories Min

$241,400

Health & Wellness Median Min

$103,510

IRIS Environmental Laboratories Max

$521,842

Health & Wellness Median Max

Investment Analysis

This investment analysis is coming soon. Have ideas for other analyses you'd like us to add? Get in touch.

Frequently Asked Questions

How much does it cost to open a IRIS Environmental Laboratories?

The total startup cost for a IRIS Environmental Laboratories franchise ranges from $72,300 to $103,510, according to the 2024 Franchise Disclosure Document (FDD) Item 7. The largest cost category is Other Costs at $27,160 to $39,930.

How much is the IRIS Environmental Laboratories franchise fee?

The IRIS Environmental Laboratories franchise fee is $36,000, with a range of $18,000 to $36,000 depending on the agreement, as disclosed in the 2024 FDD. This is a one-time upfront fee paid to the franchisor and is separate from the total initial investment.

Is IRIS Environmental Laboratories a good investment?

IRIS Environmental Laboratories requires a total franchise investment of $72,300 to $103,510 and scores Legal Risk: 100/100, Training: 44/100 in our FDD analysis. See our full IRIS Environmental Laboratories franchise review for a detailed assessment of risks, territory, and support.

How much does a IRIS Environmental Laboratories franchise owner make?

IRIS Environmental Laboratories franchise locations report median gross sales of $67,109 per the 2024 FDD Item 19. See our IRIS Environmental Laboratories franchise earnings breakdown for the full financial performance data.