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Home >> Business-Related >> Business Brokers
 ProVenture Business Group P. O. Box 338 Needham Heights, MA 02494 |
Submit an online form to receive information from ProVenture Business Group.
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Business Description
PROVENTURE is an all-inclusive, New England-based business brokerage, consulting and management company. The group lists and sells going businesses including franchises (up to $100 million in value), and other business opportunities on a fee basis. We also offer a moderately priced consulting service for new franchise start-ups.
Franchisor Background
Year Established: 1979
Franchising Since: 1981
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States:
Financial Requirements
Average Number of Employees: 2 Full-time, 2 Part-time
Space Needs (in square footage): 500
Preferred Sites:
Other Sites: OB
Encourage Conversions? Yes
Earnings Claims Provided?: No
PROVENTURE is an all-inclusive, New England-based business brokerage, consulting and management company. The group lists and sells going businesses including franchises (up to $100 million in value), and other business opportunities on a fee basis. We also offer a moderately priced consulting service for new franchise start-ups.
Franchisor Background
Year Established: 1979
Franchising Since: 1981
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 9 | 69.2% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 4 | 30.8% | |||||||||||||||||||||||||||||
Total Operating Units: | 13 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Massachusetts | 10 |
| 2. New Hampshire | 3 |
Registered in Following Registration States:
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $NA |
| Cash Investment: | $35K |
| Total Investment: | $35-50K |
| Average Total Investment: | $42K |
| Fees: | |
| Initial Franchise Fee: | $10K |
| Average Franchise Fee: | $10K |
| On-Going Royalty: | 6% |
| Average Royalty: | 6% |
| Advertising Fee: | 0% |
Space Needs (in square footage): 500
Preferred Sites:
Other Sites: OB
Encourage Conversions? Yes
Earnings Claims Provided?: No
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 3 | ||||||||
| General Business Experience: | 5 | ||||||||
| Specific Industry Experience: | 3 | ||||||||
| Formal Education: | 3 | ||||||||
| Psychological Profile: | 4 | ||||||||
| Personal Interview(s): | 4 | ||||||||
| 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? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | No | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | No | ||||||||
| Size of Corporate Staff: | 2 | ||||||||
| Site Selection Assistance? | Yes | ||||||||
| Lease Negotiation Assistance? | Yes | ||||||||
| Financial Assistance? | No | ||||||||
| 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: | Included in Fees | ||||||||
| Field Training: | Included in Fees | ||||||||
| Initial Store Opening: | Included in Fees | ||||||||
| Inventory Control: | Not Applicable | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | At Additional Cost | ||||||||
| 800 Telephone Hotline: | Not Applicable | ||||||||
| Training: | |||||||||
| 1. Headquarters | 1 Week | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from ProVenture Business Group.
|
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