Little Professor Book Centers
Little Professor Book Centers
405 Little Lake Dr., # C
Ann Arbor, MI 48103
800#: (800) 899-6232
Tel: (734) 994-1212
Fax: (734) 994-9009
E-Mail: [email protected]
Web Site: www.littleprofessor.com
Contact: Mr. John Glazer, President
Full-line, full-service, community-oriented general bookstore.
Franchisor Background
Established: 1964
First Franchise: 1969
Franchise Units: 65
Company-Owned Units: 0
Total Units: 65
Distribution:
U.S. -- 80;
Canada -- 0;
International -- 0
�North America -- Operations in 29 States
�States/Provinces with Greatest Density: 12 in OH, 8 in WI, 8 in MI
Projected New Units Over Next 12 months: 10
Franchisee Qualifications: 5, 4, 2, 3, 3, 5
(Click here for an explanation)
Registered in Following Registration States: CA,FL,IL,IN,MI,MN,NY,RI,VA,WI
Average Number of Employees: 2 FT, 6 PT (FT = Full Time, PT = Part Time)
Space Needs: 3,000-15,000 SF; FS, SF, SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $100-500K
Total Investment: $300K-1.5MM
Average Total Investment: $900.0K
Minimum Net Worth: $250K
Fees:
�Franchise: $37K
�Average Franchise Fee: $37.0K
�Royalty: 3%
�Average Royalty: 3.0%
�Advertising: 0.5%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 10
On-Going Support: A,b,C,d,E,F,G,H,h,I (Click here for an explanation)
Training: 1 Week Ann Arbor, MI (Home Office), 1-2 Weeks On-Site, LPBC Coventions Once a Year
Franchisor's Specific Expansion Plans
U.S.: Midwest
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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