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Entrepreneur: Start & Grow Your Business

Craters & Freighters

Specialty freight-handling service

Background

Founded: 1990 Franchising since: 1991
331 Corporate Cir., #J
Golden, Colorado 80401
Phone:
(800)949-9931

Franchisee Association
Franchise Advisory Council

Franchisor is a privately-held company with 9 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 66 0 0 0
2007 68 0 0 0
2006 66 0 0 0
2005 65 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arizona, California, Delaware, Hawaii, Iowa, Idaho, Illinois, Indiana, Massachusetts, Michigan, New jersey, New mexico, New york, Ohio, Pennsylvania, South carolina, Tennessee, Texas, United states, Wisconsin

Exclusive territories available.
Territory size: 500,000+ population

Costs and Fees

Total investment: $137.2K-204.5K
Franchise fee: $31.5K
Ongoing royalty fee: 5%
Term of agreement: 15 years, renewable


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

Third-party financing source(s): the SBA

Qualifications
Net worth requirement: $150K
Cash liquidity requirement: $100K
Business Experience:
  • General business experience
  • Computer skills

Operations
  • 21% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3 - 4
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 10 days
  • At franchisee's location: 2-3 days
  • Annual convention : 2 days

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Ad slicks
  • National media

Other marketing support
  • Public relations program

Rankings

Franchise 500® rank:
#487 (2006); #317 (2005);