IRIS Environmental Laboratories franchise
2023 filing · April 24, 2023GrowingShares sales figures
IRIS Environmental Laboratories at a glance
A mobile mold and asbestos inspection and testing business for homes and commercial buildings. At the end of 2022 there were 10 IRIS Environmental Laboratories locations in the US, 5 franchised and 5 company-owned.
The business
- Franchisor
- IRIS Alliance, LLC
- The company that sells the franchises
- Current franchisor selling since
- 2019
- 4 years of selling franchises
- Franchisor based in
- Union, New Jersey
What you pay
- Cost to open
- $31K–$63K
- Fee, build-out and opening working capital
- Franchise fee
- $15,000
- Paid once, when you sign
- Royalty
- 5%–7% + minimum
- 5% to 7% of gross revenues or $250 to $750 a month, whichever is greater
- Brand fund
- Yes
- 1% of gross revenue or $50 a month, whichever is more
- Renewal fee
- See terms
- A flat fee of $5,000 for each Franchise
- Agreement length
- 5 years
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 10
- Franchised and company-owned
- Franchised
- 5
- Company-owned
- 5
- Change in 3 years
- +5
- Franchised locations, 2020–2022
- States
- 4
- Most in New Jersey, New York and Texas
From IRIS Alliance, LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
IRIS Environmental Laboratories among all franchises with the same figure.
| Figure | IRIS Environmental Laboratories | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $46,905 | Costs less than 97% of franchises |
| Franchise feePaid once, when you sign | $15,000 | Lower than 93% of franchises |
| US locationsFranchised and company-owned | 10 | Fewer than 61% of franchises |
How much a IRIS Environmental Laboratories franchise costs
Opening one IRIS Environmental Laboratories costs an estimated $31,300 to $62,510. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the franchises under $50K.
Source: IRIS Alliance, LLC, 2023 filing, page 21
IRIS Environmental Laboratories franchise fee
The franchise fee is $15,000. You pay it when you sign the franchise agreement.
Source: IRIS Alliance, LLC, 2023 filing, page 11
Royalty and ongoing fees
| Royalty | 5% to 7% of gross revenues or $250 to $750 a month, whichever is greater. |
|---|---|
| Brand or marketing fund | 1% of gross revenue or $50 a month, whichever is more. |
| Renewal Fee | A flat fee of $5,000 for each Franchise |
| Additional Training | $150 per person per day or costs of third party charges. |
| Minimum Local Advertising | $1000 monthly |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: IRIS Alliance, LLC, 2023 filing, page 11
Other fees as filed, from pages 11–13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures IRIS Environmental Laboratories publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: IRIS Alliance, LLC, 2023 filing, page 59
How IRIS Environmental Laboratories compares
Of the 139 mobile franchises on this site, IRIS Environmental Laboratories is the 14th cheapest to open and the 64th largest by number of locations.
| Figure | IRIS Environmental Laboratories | Typical mobile brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $31K | $96K | $222K |
| Cost to open, high end | $63K | $167K | $477K |
| Franchise fee | $15K | $35K | $40K |
| US locations | 10 | 10 | 21 |
| Closed or left per year | 55% | 6.6% | – |
| Shares earnings figures | Yes | 91 of 139 | 2,147 of 3,352 |
Typical is the median across the 139 brands in mobile franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 2 (+2) | 4 | +2 | 0 |
| 2021 | 5 (+3) | 5 | +4 | −1 |
| 2022 | 5 (0) | 5 | +3 | −3 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: IRIS Alliance, LLC, 2023 filing, page 62
Where IRIS Environmental Laboratories locations are
At the end of 2022, IRIS Environmental Laboratories had locations in 4 states. The most are in New Jersey, New York and Texas.
- New Jersey5
- New York2
- Texas2
- Florida1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| New Jersey | 2 | 3 | 5 |
| New York | 1 | 1 | 2 |
| Texas | 2 | 0 | 2 |
| Florida | 0 | 1 | 1 |
Source: IRIS Alliance, LLC, 2023 filing, page 62
Who owns IRIS Environmental Laboratories?
IRIS Environmental Laboratories franchises are sold by IRIS Alliance, LLC. Its filing names no parent company.
From IRIS Alliance, LLC’s 2023 filing, page 7.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: IRIS Alliance, LLC, 2023 filing, litigation on page 10, bankruptcy on page 10
IRIS Environmental Laboratories filings
The figures on this page come from IRIS Alliance, LLC’s 2023 filing, issued April 24, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | April 24, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other mobile franchises
All mobile franchises
IRIS Environmental Laboratories is also on these lists: business services franchises, home service franchises.