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Crack Team, The
 

THE CRACK TEAM offers a unique specialty service repairing concrete. Cracked and leaking concrete can be repaired permanently, quickly and inexpensively using our proven materials.

Franchisor Background

Year Established:

  1985

Franchising Since:

  2001

IFA Member



Operating Units:

Franchised Units:28 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:28 100%  
 

Geographic Distribution:

U.S.:28 100% In 15 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:28 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Missouri8
2. Michigan3
3. Illinois3

Registered in Following Registration States:

   Illinois, Indiana, Maryland, Michigan, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington

Financial Requirements

Investment:

Minimum Net Worth:$150-175K
Cash Investment:$75K
Total Investment:$66-89K
Average Total Investment:$80K
 

Fees:

Initial Franchise Fee:$35K
Average Franchise Fee:$35K
On-Going Royalty:6%
Average Royalty:6%
Advertising Fee:2%

Average Number of Employees:

   2 Full-time, 0 Part-time

Space Needs (in square footage):

   300

Preferred Sites:

   Home-based

Other Sites:

  

Encourage Conversions?

   No

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:8
Site Selection Assistance?Yes
Lease Negotiation Assistance?Not Applicable
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:Yes
Regional Advertising:Yes
Local Advertising:Yes
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Included in Fees
 

Training:

 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:5
General Business Experience:3
Specific Industry Experience:1
Formal Education:2
Psychological Profile:2
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:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?No

Expansion Plans

Projected New Units Over Next 12 months:

   24
U.S.:Yes, Midwest, East Coast
Canada:Yes, All Canada
Overseas:No
 
 
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