Mosquito Control as a business could be a good opportunity for you. While US GDP grew only 2.2% in 2019…the pest control grew about a 4% annual rate…not bad…and Mosquito Control grew over 17% …pretty darn good. However, our Mosquito Mike locations have doubled or better each year for the last 3 years…not too shabby.
While Growth is a great thing…what makes this a good opportunity is the ability to scale your revenues over just a few short years. The reason you will be able to grow quickly under the Mosquito Mike system is simple. Recurring Revenue.
What is recurring revenue you may ask? Here is the definition according to Investopedia. Recurring revenue is the portion of a company's revenue that is expected to continue in the future. Unlike one-off sales, these revenues are predictable, stable and can be counted on to occur at regular intervals going forward.
What that means for you is…you get the customer once…you keep that same customer for years. As an example, Our client retention rate in 2020 was approximately 85%. So for every 100 clients we serviced in 2019…85 remained a client in 2020. In other words, if you had 500 clients this year…you could reasonably expect to begin your season with an expected revenue base of 425 customers…before a dime is spent on marketing.
What this provides you over other franchise opportunities is a head start…and that is one of the reasons why you may want to consider the Mosquito Mike Opportunity. If this sounds good to you…go watch the rest of the videos under the Learn More tab now…and when you are ready to have a conversation…click the Become A Franchisee button to schedule a call. We look forward to speaking with you…but Until then…Remember…For Bites you don’t like…call Mosquito Mike.