Cartex Limited

At a Glance

Products & Services: Leather, vinyl, plastic & cloth repair

Number of Locations: 74

Total Investment: $39.9K - $90.6K

Founded: 1987

Began Franchising: 1988

Franchise Units

Year U.S. Canadian International Company Owned
2010 72 1 0 1
Where Seeking Franchisees: Franchisor is seeking new units internationally.

Startup Costs, Ongoing Fees and Financing

Total Investment: $39,850 - $90,550
Franchise Fee: $19,900 - $77,500
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $50,000
Liquid Cash Available: $35,000
Operations
Franchise can be run from home. 10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 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: At franchisee's location: 1 week. Initial training in the field : 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations

Franchise Ranking History

Franchise 500®: #492 (2011), #347 (2010),
Low-Cost: #83 (2010),