MetroNaps

Founded: 2003 Franchising since: 2005

Address: 527 3rd Ave., #131 New York, New York 10116

Phone: (212)239-3344

Franchisor is a privately-held company with 5 employee(s); 3 employee(s) in franchise department.

Franchise Units

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2006	1	0	0	2

Where Seeking Franchisees
Nationwide

Exclusive territories available.
Territory size: 50,000 population

Total investment: $72,000 - $214,500
Franchise fee: $25,000
Ongoing royalty fee: 5%
Term of agreement: 5 years, renewable


Express/kiosk option available

Type of Financing Available

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

Third-party financing source(s): BayCap Inc.

Qualifications
Net worth requirement: $170,000 - $320,000
Cash liquidity requirement: $28,300 - $53,300
Business Experience:

• General business experience

Operations

• Number of employees needed to run franchised unit: 1
• Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Training

• Available at headquarters: 10 days
• At franchisee's location: 3 days

Ongoing Support

• Newsletter
• Meetings
• Toll-free phone line
• Grand opening
• Internet

Marketing Support

• Ad slicks