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

Operating Units:
Franchised Units:	9	69.2%
Company-Owned Units:	4	30.8%
Total Operating Units:	13	100.0%
Geographic Distribution: U.S.: 13 100% In 2 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 13 100.0%

North America:
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%

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

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
Projected New Units Over Next 12 months:	2
U.S.:	Yes, New England
Canada:	Yes, PQ, ON
Overseas:	Yes, Mexico, Europe, Asia