Foot Solutions Inc.
At a Glance
Products & Services: Comfort shoes & inserts for clients age 40+
Number of Locations: 163
Total Investment: $222.2K
Founded: 2000
Began Franchising: 2000
About Foot Solutions Inc.
Foot Solutions was founded in 2000 by Raymond J. Margiano, Ph.D., who studied pedorthics at Temple University and spent over 20 years in the footwear industry. When customers come into Foot Solutions, they receive a free 30-minute foot assessment, which includes a computerized foot scan. Employees assess the customer's feet and gait and learn about their lifestyles and objectives in order to know which custom arch supports or ergonomic footwear will best help them.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2012 | 118 | 17 | 27 | 1 |
| 2011 | 147 | 20 | 28 | 1 |
| 2010 | 177 | 22 | 28 | 1 |
| 2009 | 190 | 21 | 24 | 1 |
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing
Total Investment: $222,200
Franchise Fee: $32,500
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 20 years, renewable
Franchise Fee: $32,500
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $50,000 - $70,000
Operations
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
| Franchise Fee | ||
| Startup Costs | ||
| Equipment | ||
| Inventory | ||
| Accounts Receivable | ||
| Payroll |
How This Franchise Supports Franchisees
Training: Available at headquarters: 14 days. At franchisee's location: 4-6 days. Ongoing
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Web & professional associations
Franchise Ranking History
Related Stories
- How International Franchisors Are Making a Name for Themselves in the U.S.
- The Pros and Cons of Franchising Your Business
- Small Used Jewelry Business Leads to a Growing Pawn-Shop Franchise
- How 2 Businesses Stumbled Upon Franchising as the Key to Growth
- How a Coffee Franchise With Russian Roots Made it in the U.S.
Related Franchises
Franchise Search
Featured Franchises For Sale
Advertisement
Fund Your Franchise Today
Use your existing IRA or 401k funds to purchase a franchise—with no tax penalties.Click HERE to learn more.
From the Entrepreneur Bookstore
