Nobody in the franchise world gives you real numbers. Mike and Monica open the books in this one and go line by line through what it costs to start, what it costs to run, and how long before you actually make money. Startup is the franchise fee at $38,500, a truck and equipment package up to $85,000, and roughly $1,000 in administrative costs for LLC registration, insurance, and licensing. Mike explains what they financed versus paid cash for, how Section 179 works on an F-550 flatbed, and why the diamond plate firehouse bed runs separate from the truck. Then he gets into the cost nobody budgets for: $1,000 a month in local advertising on top of everything else. Ongoing is where it gets real. Shop rent, a 750 gallon bleach delivery at roughly $1,900, fuel at $50 to $75 a day to produce a $2,000 day, uniforms, DOT numbers, Jobber, workers comp audits, and about $300 a month in Amazon parts. Mike also gets into a Fayette County business personal property tax bill for the desk he was given in 1994, which he pays $400 a year on and once threatened to settle in pennies. The revenue conversation is the honest part. Monica pulls the actual numbers on air: $15,236 in March 2015 against a typical March now of $60,000 to $80,000. From $149,000 in 2015 to $587,000 by 2019, five years without knowing what they know now. Mike's expectation for a new franchisee in year one is $100,000 to $150,000, with the goal of $500,000 in two to three years. They also get into the most expensive mistake they ever made, which was full time staff, and why that is now not allowed anywhere in the system. 📌 Firehouse Power Washing: www.firehousepowerwash.com 📌 Firehouse Franchise: www.firehouse-franchise.com 📌 Franchise inquiries: mike@firehousepowerwash.com 📌 PWNA: www.pwna.org 📌 Books mentioned: Profit First by Mike MichalowiczArnold Schwarzenegger's book on evaluating your time in 15 minute increments ⏱️ Episode Breakdown 0:00 Opening the books, and listeners on multiple continents 1:55 The $38,500 franchise fee and where that money comes from 3:14 Real startup costs from first call to first job 4:57 What to finance, what to pay cash for, and Section 179 8:11 The cost everyone forgets to budget: $1,000 a month advertising 9:40 Real monthly costs: shop, bleach, fuel, uniforms, DOT 15:53 Maintenance versus repair, and why you are the mechanic 21:09 When you actually take your first paycheck 22:42 The Fayette County tax bill on a desk from 1994 27:19 Month one versus month twelve, with the real numbers 29:40 Realistic year one expectations and why location decides it 36:35 From $149K to $587K in five years 40:33 The most expensive money mistake they ever made 47:46 The FPW Finance Sheet and how Profit First actually runs 57:04 The one purchase every new owner overspends on Follow Hose & Hustle so you never miss an episode. And remember, no one is better with water than a firefighter on their day off. 🔥