Elizabeth Grady

Founded: 1974 Franchising since: 1979

222 Boston Ave. Medford, Massachusetts 02155

Phone: (781)391-9380

Franchisor is a privately-held company with 30 employee(s); 20 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	27	0	0	11
2008	--	--	--	--
2007	--	--	--	--
2006	--	--	--	--
2005	22	0	0	9

Where Seeking Franchisees
In the U.S.

Exclusive territories available.

Total investment: $321.5K-410K Franchise fee: $75K

Ongoing royalty fee: 6% Term of agreement: Term of agreement not renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $400K
Cash liquidity requirement: $100K

Operations

• 25% of all franchisees own more than one unit
• Number of employees needed to run franchised unit: 6
• Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators)

Training

• Available at headquarters: 2 weeks
• At franchisee's location: 2 weeks

Marketing Support

• Ad slicks

Franchise 500® rank:
#397 (2006);