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Foot Solutions Inc.

2014 Franchise 500
#463
At a Glance

Products & Services: Comfort shoes and inserts for ages 40+

Number of Locations: 152

Total Investment: $207K - $240K

Founded: 2000

Began Franchising: 2000

About Foot Solutions Inc.

Foot Solutions was founded in 2000 by Raymond J. Margiano, Ph.D., who studied pedorthics at Temple University and spent over 20 years in the footwear industry. When customers come into Foot Solutions, they receive a free 30-minute foot assessment, which includes a computerized foot scan. Employees assess the customer's feet and gait and learn about their lifestyles and objectives in order to know which custom arch supports or ergonomic footwear will best help them.

Franchise Units

Year U.S. Canadian International Company Owned
2013 109 15 26 2
2012 118 17 27 1
2011 147 20 28 1
2010 177 22 28 1
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $207,000 - $240,000
Franchise Fee: $32,500
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 15 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $50,000 - $70,000
Operations
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 14 days. At franchisee's location: 4-6 days. Ongoing
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Web & professional associations

Franchise Ranking History

Franchise 500®: #463 (2014), #429 (2012), #355 (2011), #417 (2010),