- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$135K - $250K
- Units as of 2017
-
4 100.0% over 3 years
Company Overview
About MemoryWise
Industry | Services (Other) |
---|---|
Related Categories | Miscellaneous Services, Miscellaneous Tech Businesses |
Founded | 2003 |
Parent Company | MemoryWise LLC |
Leadership | Gwen Scherer, Founder and CEO |
Corporate Address |
2525 Arapahoe Ave., #E-25 Boulder, CO 80302 |
Business Overview
Franchising Since | 2016 (8 years) |
---|---|
# of employees at HQ | 2 |
Where seeking |
This company is offering new franchises in the following US states: |
# of Units | 4 (as of 2017) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a MemoryWise franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$40,000 |
---|---|
Initial Investment
|
$135,000 - $250,000 |
Net Worth Requirement
|
$400,000 |
Cash Requirement
|
$100,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
6% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 19 days |
---|---|
Classroom Training | 17 days |
Ongoing Support |
Newsletter
Toll-Free Line
Grand Opening
Online Support
Field Operations
|
Marketing Support |
Ad Templates
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 2 |
Are exclusive territories available?
|
No |
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