Cartex Limited
At a Glance
Products & Services: Leather, vinyl, plastic & cloth repair
Number of Locations: 74
Total Investment: $39.85K - 90.55K
Founded: 1987
Began Franchising: 1988
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2010 | 72 | 1 | 0 | 1 |
| 2009 | 76 | 1 | 1 | 1 |
Where Seeking Franchisees: Franchisor is seeking new units internationally.
Startup Costs, Ongoing Fees and Financing
Total Investment: $39,850 - $90,550
Franchise Fee: $19,900 - $77,500
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 5 years, renewable
Franchise Fee: $19,900 - $77,500
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $50,000
Liquid Cash Available: $35,000
Operations
Franchise can be run from home. 10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 3. Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: At franchisee's location: 1 week. Initial training in the field : 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations
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