ProVenture Business Group
ProVenture Business Group
P. O. Box 338
Needham Heights, MA 02494
800#:
Tel: (781) 444-8278
Fax: (781) 444-0565
E-Mail: [email protected]
Web Site: www.worldfranchising.com/website.htm
Contact: Mr. William J. Tedoldi, President
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
Established: 1979
First Franchise: 1981
Franchise Units: 9
Company-Owned Units: 4
Total Units: 13
Distribution:
U.S. -- 9;
Canada -- 0;
International -- 0
-North America -- Operations in 2 States
-States/Provinces with Greatest Density: 8 in MA, 1 in NH
Projected New Units Over Next 12 months: 2
Franchisee Qualifications: 3, 5, 3, 3, 4, 4
(Click here for an explanation)
Registered in Following Registration States: NR (Click here for an explanation)
Average Number of Employees: 2 FT, 2 PT (FT = Full Time, PT = Part Time)
Space Needs: 500 SF; OB
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $35K
Total Investment: $35-50K
Average Total Investment: $42.4K
Minimum Net Worth: $NA
Fees:
-Franchise: $10K
-Average Franchise Fee: $10.0K
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 0%
Provide Earning Claim Statement: No
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: No
Cooperative Advertising: No
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 2
On-Going Support: C,D,E,G,h (Click here for an explanation)
Training: 1 Week Headquarters.
Franchisor's Specific Expansion Plans
U.S.: New England
Canada: PQ, ON
Overseas: Mexico, Europe, Asia
Note: NR = No Response by Franchisor.
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