Business Description

Benefits of PROSPECTION include large territories, lower franchise fees, interest-free financing, training and more. You also have access to our team of marketing, technology and business development experts. Compare us to other inspection franchises and then contact us for a cost/benefit analysis. PROSPECTION is a subsidiary of Merrymeeting Inc. (MMI) an investment firm specializing in the acquisition and development of franchise systems. Through its multiple franchises, MMI operates 800+ units.

Franchisor Background

Year Established:  2003

Franchising Since:  2003

Operating Units:
Franchised Units:	15	100%
Company-Owned Units:	0	0%
Total Operating Units:	15	100.0%
Geographic Distribution: U.S.: 15 100% In 5 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 15 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Utah	4
2. Texas	2

Registered in Following Registration States: California, Florida, Illinois, Washington, Wisconsin

Financial Requirements

Investment:
Minimum Net Worth:	$None
Cash Investment:	$3-4K
Total Investment:	$15.2-38.5K
Average Total Investment:	$27K
Fees:
Initial Franchise Fee:	$6K or 12K
Average Franchise Fee:	$9K
On-Going Royalty:	7%
Average Royalty:	7%
Advertising Fee:	2%

Average Number of Employees: 1 Full-time, 0 Part-time

Space Needs (in square footage):

Preferred Sites: Home-based

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	3
General Business Experience:	2
Specific Industry Experience:	1
Formal Education:	1
Psychological Profile:	1
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	7 Year(s)
Term of Renewal Period:	7 Year(s)
Passive Ownership:	Allowed
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	25
Site Selection Assistance?	Not Applicable
Lease Negotiation Assistance?	Not Applicable
Financial Assistance?	Yes, Direct
Marketing Support:
Co-Op Advertising:	No
National Advertising:	Yes
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	Brochures, Coupons/rebates, Direct Mailers, Promotional Items
Additional Services:	Newsletter, Press Releases, Sales Strategies
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Not Applicable
Field Training:	Included in Fees
Initial Store Opening:	Not Applicable
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	At Additional Cost
800 Telephone Hotline:	Included in Fees
Training:
1. 8 Different Locations	7 Days
2. Online	6 Hours
Expansion Plans
Projected New Units Over Next 12 months: 25 U.S.: Yes, All US except NV, OR, MA, CT, PA, AZ, LA, NJ, NC, Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from ProSpection.   •  Coupons   •  Promotional Items