|
Personal services franchise opportunity with a range of services and investment levels, including shoe repair, dry cleaning, clothing alterations, monogramming, key cutting and knife and scissors sharpening.
Franchisor Background
Year Established: 1983
Franchising Since: 1984
Operating Units: |
| Franchised Units: | 743 | | 100% | | |
| Company-Owned Units: | 0 | | 0% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 743 | | 100% | | |
| |
Geographic Distribution: |
| U.S.: | 175 | | 23.6% | | In 20 States |
| Canada: | 1 | | 0.1% | | In 1 Canadian Provinces |
| International: | 567 | | 76.3% | | In 0 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 743 | | 100% | | |
| |
North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. Texas | 58 | | 2. Georgia | 78 | | 3. Florida | 8 |
Registered in Following Registration States:
Financial Requirements
Investment: |
| Minimum Net Worth: | $25-75K |
| Cash Investment: | $15-35K |
| Total Investment: | $45-95K |
| Average Total Investment: | $70K |
| |
Fees: |
| Initial Franchise Fee: | $15.5-17.5K |
| Average Franchise Fee: | $16K |
| On-Going Royalty: | 4% |
| Average Royalty: | 4% |
| Advertising Fee: | |
Average Number of Employees: 2 Full-time, 1 Part-time
Space Needs (in square footage): N/A
Preferred Sites: Storefront, Strip Center, Regional Mall
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | No |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | No |
| Size of Corporate Staff: | 24 |
| Site Selection Assistance? | Yes |
| Lease Negotiation Assistance? | Yes |
| Financial Assistance? | Yes, Direct |
| |
Marketing Support: |
| Co-Op Advertising: | No |
| National Advertising: | No |
| Regional Advertising: | No |
| Local Advertising: | No |
| Marketing Materials: | None Specified |
| Additional Services: | None Specified |
| Other Marketing Support: | None Specified |
| |
On-Going Support: |
| Central Data Processing: | Not Applicable |
| Central Purchasing: | Not Applicable |
| Field Operation Evaluation: | At Additional Cost |
| Field Training: | At Additional Cost |
| Initial Store Opening: | Not Applicable |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Included in Fees |
| Regional or National Meetings: | Not Applicable |
| 800 Telephone Hotline: | Included in Fees |
| |
Training: |
| 1. Marietta, GA | 2 Weeks |
|
|
Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
| |
| Financial Net Worth: | 3 |
| General Business Experience: | 3 |
| Specific Industry Experience: | 1 |
| Formal Education: | 2 |
| Psychological Profile: | 3 |
| Personal Interview(s): | 3 |
| |
| |
Minority Representation
Units Owned by Minorities: |
| African-American: | N/A |
| Asian-American: | N/A |
| Hispanic: | N/A |
| Native American: | N/A |
| Other: | N/A |
| Specific Minority: | N/A |
| |
| |
Terms of Contract
| Term of Initial Contract: | 20/10/10 Year(s) |
| Term of Renewal Period: | Year(s) |
| Passive Ownership: | Allowed |
| Area Development Agreements? | Yes, for 1 Year(s) |
| Sub-Franchising Contracts? | Yes |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 12
| U.S.: | Yes, All United States |
| Canada: | Yes, All CAN Exc. AB |
| Overseas: | Yes, All Countries |
|
Franchise News