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Entrepreneur: Start & Grow Your Business

Fastframe USA Inc.

Custom picture framing & art sales

Background

Founded: 1986 Franchising since: 1987
Started in Newcastle, England, the first American Fastframe store opened in Thousand Oaks, California, in 1986. Fastframe began franchising in 1987. Stores offer immediate turnaround using on-site custom framing. They can also locate hard-to-find or out-of-print pieces of art.
1200 Lawrence Dr., #300
Newbury Park, California 91320
Phone:
(800)333-3225


Franchisor is a privately-held company with 20 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 239 0 31 0
2008 300 0 31 0
2007 312 0 20 0
2006 313 0 9 1
2005 318 0 12 1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Exclusive territories available.
Territory size: 50,000-75,000 population

Costs and Fees

Total investment: $105.7K-150.2K
Franchise fee: $25K
Ongoing royalty fee: 7.5%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $150K
Cash liquidity requirement: $40K
Business Experience:
  • General business experience

Operations
  • 31% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2
  • Absentee ownership of franchise is allowed. (99% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks
  • At franchisee's location: 1 week
  • At regional locations : 1-2 days

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

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising

Other marketing support
  • Consumer website

Rankings

Franchise 500® rank:
#247 (2009); #220 (2007); #128 (2006); #104 (2005);

Ranked #1 in category in:
2009; 2007; 2006; 2005;

Fastest-Growing Franchises:
#82 (2005);

America's Top Global Franchises:
#190 (2009); #169 (2007);