About Lake Altamont Holdings Franchise
Lake Altamont Holdings is a franchise system that has been offering business opportunities since 2020.
The company provides franchise owners with training, support, and access to an established business model designed to help them build and grow a successful operation.
The franchise fee ranges from $3,600 to $69,000, depending on payment method and territory selection.
Lake Altamont Holdings Franchise Cost & Fees
Minimum Investment
$4K
Average Investment
$42K
Maximum Investment
$80K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $3,600 to $69,000 | One-time payment upon signing |
| Royalty Fee | 5% of Gross Revenues of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 1% of Gross Revenues (currently not imposed) | National brand fund |
| Total Investment Range | $4,450 – $79,750 | Includes build-out, inventory, working capital |
The investment range of $4K–$80K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5% of Gross Revenues) and marketing fee (Up to 1% of Gross Revenues (currently not imposed)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee (1) | $3,600 | $69,000 |
| Brand Certification Program Expenses (2) | $0 | $500 |
| Professional Costs (3) | $0 | $2,000 |
| Real Estate (4) | $0 | $750 |
| Vehicle (5) | $0 | $500 |
| Insurance (6) | $100 | $2,500 |
| Equipment & Supply Starter Package (7) | $650 | $2,000 |
| Business Licenses (8) | $75 | $500 |
| Additional Funds (4 months) (9) | $25 | $2,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | 5% of yearly Gross Revenues of Customer Accounts (minimum $750) or 10% of sales price if transfer 10% or more of ownership in Franchisee |
| Renewal Fee | None |
| Administration Fee | 10% of Gross Revenues |
| Business Insurance Fee (Optional) | 5% of Gross Revenues |
| Account Acquisition (Additional Customer Accounts) | $ (additional billing provided by the new account) - $ (Business owed by you to Stratus) x (3 or 4 or 5) |
| Name Changes - Additions/Deletions | Flat fee of $250 |
| Franchise Requested Account Transfer Fee | $50 administration fee, plus the greater of $100 or 10% of monthly revenue |
| Customer Requested Trouble Transfer Fee | $50 administration and $75 complaint fee, plus the greater of $100 or 10% of monthly revenue |
| Account Abandonment Fee | Loss of all revenue owed, plus Customer Requested Trouble Transfer fee, plus $50 administration fee, $75 Complaint Fee, $100 or 10% of gross billing (troubled transfer fee), and forfeiture of future revenues and outstanding note payments |
| Complaint Fees | $75 for the second or more complaints within 120 calendar days |
| Failure to Service Fee | Greater of $75 or 10% of monthly billing |
| Service Fee | $50 per hour (for fixing issues), $50 (for not turning in monthly statement), $25 (for not turning in customer evaluation) |
| Account Cancellation for Cause Fee | $75 complaint fee, plus 50% of one month’s gross billing (1st account lost); 75% (2nd account lost); one full month’s gross billing (every account lost thereafter in 12-month period) |
| Isolated (Special) Services Fee | 10% of the price for the services stated in the contract |
| Re-Certification Fee | $75 per class |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 8 hours classroom, 6.5 hours on-the-job |
| Classroom Training | 8 |
| On-the-Job Training | 6.5 |
| Training Location | At the office of Stratus of Central Virginia or at one of its existing customer's buildings within commuting distance of your residence. |
| Additional Training | Stratus of Central Virginia may provide additional training under the Brand Certification Program at its sole discretion. Group seminars may be mandatory and are free of cost. Re-certification may be required for multiple customer complaints or lost accounts, costing $75 per class. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | Not specified in size, but refers to a designated geographic area. |
| Description | Franchisees operate within a designated Territory, but this is not an exclusive territory. Stratus of Central Virginia may grant other Stratus franchises, establish company-owned outlets, or use other distribution channels (Internet, telemarketing, etc.) within the Territory, leading to competition. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 12 years |
| Renewal Term | 12 years |
| Renewal Fee | None |
| Renewal Conditions | Franchisee must give written notice of intent to renew 180-60 days prior to expiration, sign a new franchise agreement (which may have materially different terms), not be in default, and update equipment and supplies to current standards. |
| Transfer Fee | 5% of yearly Gross Revenues of Customer Accounts being sold/transferred (minimum $750) or 10% of sales price if transfer 10% or more of ownership in Franchisee. |
| Transfer Conditions | New franchisee must qualify, pay transfer fee, have purchase agreement approved, complete Brand Certification Program, sign a new agreement, and transferor must sign a general release. |
| Termination for Cause | Franchisor can terminate if franchisee defaults on obligations, breaches agreement, discontinues customer accounts without consent, becomes insolvent/bankrupt, attempts unauthorized assignment, uses abusive language, is convicted of a felony, or commits theft. |
| Non-Compete Period | During the term of the franchise and for a period of two (2) years after expiration or termination. |
| Non-Compete Details | Prohibited from diverting/soliciting business/customers of franchisor or other franchisees, or providing commercial cleaning/maintenance services to customers serviced by franchisee/others under the System within the previous 18 months, within the Territory or 20 miles from the Territory. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The franchisee must participate in the operation and management of the day-to-day functions of the Franchised Business. One owner with at least 50% ownership must be named as the managing owner and be in charge of directing operations. All owners, managers, and supervisors must successfully complete the Brand Certification Program. |
| Required Suppliers | Franchisees must use Stratus brand chemicals and purchase a basic starter package from an approved vendor. Equipment and supplies must meet Stratus of Central Virginia's specifications. |
| Supply Restrictions | Franchisees must purchase or lease equipment and supplies according to Stratus of Central Virginia's specifications from approved suppliers. Non-approved items/suppliers require a 'Request for Approval' and testing. Stratus branded chemicals are mandatory. |
| Franchisor Revenue from Suppliers | SBS Franchising received approximately $5,000 in rebates from its green cleaning chemical supplier (Nyco) in 2021, representing less than 1% of its total revenues. Stratus of Central Virginia had no revenue from the sale of equipment, chemicals, supplies, insurance, or uniforms to Unit Franchisees in its most recent fiscal year, but may derive such revenue in the future. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | Stratus of Central Virginia may offer to finance a portion of the initial franchise fee and the account acquisition fee. Initial franchise fee financing ranges from $4,000 to $69,000 with down payments from $1,000 to $47,000, repaid over 3 years at 15% interest. Account acquisition fee financing is available for up to 1 year at 15-18% interest, with options for cash payment (10% discount) or sweat equity (monthly deductions without interest). Financing is secured by franchise assets. |
Lake Altamont Holdings Franchise Earnings — Item 19
Lake Altamont Holdings does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Lake Altamont Holdings does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Lake Altamont Holdings Litigation & Risk Flags
Clean Litigation RecordLake Altamont Holdings has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Lake Altamont Holdings System Growth
Total Units
7
Franchised
7
Company-Owned
0
Lake Altamont Holdings currently operates 7 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 0 | 0 | 0 |
| 2020 | 1 | 0 | 1 |
| 2021 | 6 | 0 | 7 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 14 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$169K
Net Income
$-79,146
Total Assets
$276K
Audited by Matlock Clements for year ending December 31, 2021.
Lake Altamont Holdings Franchise — FAQ
The total investment to open a Lake Altamont Holdings franchise ranges from $4,450 to $79,750, per their Franchise Disclosure Document. This includes the initial franchise fee of $3,600 to $69,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Lake Altamont Holdings charges a royalty fee of 5% of Gross Revenues of gross sales, plus a Up to 1% of Gross Revenues (currently not imposed) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Lake Altamont Holdings Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Lake Altamont Holdings to ensure you have the most up-to-date version.
Lake Altamont Holdings does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Lake Altamont Holdings has been franchising since 2020. The FDD shows an investment range of $4,450-$79,750, a 5% of Gross Revenues royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $3,600 to $69,000 and the total investment ranges from $4,450 to $79,750 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Lake Altamont Holdings and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Lake Altamont Holdings or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com