Cartex Limited
Leather, vinyl, plastic & cloth repairBackground
Founded: 1987 Franchising since: 1988
Franchisor is a privately-held company with 10 employee(s); 3 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alabama, Arizona, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North carolina, North dakota, New mexico, Nevada, New york, Ohio, Pennsylvania, South carolina, South dakota, Tennessee, Texas, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide
Exclusive territories available.
Territory size: 500,000-1.2 million+ population
|
6543 Arrow Dr. Sterling Heights, Michigan 48314 |
Phone: (800)421-7328/ (586)739-4330 |
Franchisor is a privately-held company with 10 employee(s); 3 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 76 | 1 | 1 | 1 |
| 2008 | -- | -- | -- | -- |
| 2007 | -- | -- | -- | -- |
| 2006 | -- | -- | -- | -- |
| 2005 | 116 | 1 | 0 | 0 |
Where Seeking Franchisees
In the U.S. Alabama, Arizona, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North carolina, North dakota, New mexico, Nevada, New york, Ohio, Pennsylvania, South carolina, South dakota, Tennessee, Texas, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide
Exclusive territories available.
Territory size: 500,000-1.2 million+ population
Costs and Fees
|
Total investment: $39.9K-90.6K Franchise fee: $19.9K |
Ongoing royalty fee: 7% Term of agreement: 5 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | Yes | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | Yes |
| Payroll | No | Yes |
Qualifications
Net worth requirement: $50K
Cash liquidity requirement: $35K
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)
Training and Support
Training
Ongoing Support
- 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
Rankings
Franchise 500® rank:
#354 (2006); #232 (2005);
Ranked #1 in category in:
2005;
Low-Cost Franchises:
#94 (2006); #61 (2005);
Top Home Based Franchises:
#99 (2006); #63 (2005);
America's Top Global Franchises:
#180 (2005);
#354 (2006); #232 (2005);
Ranked #1 in category in:
2005;
Low-Cost Franchises:
#94 (2006); #61 (2005);
Top Home Based Franchises:
#99 (2006); #63 (2005);
America's Top Global Franchises:
#180 (2005);