Wireless Toyz
Wireless devices & satellite TV servicesBackground
Founded: 1995 Franchising since: 2001
Franchisor is a privately-held company with 42 employee(s); 3 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Exclusive territories available.
Territory size: 1-mile radius
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28470 W. Thirteen Mile Rd., #300 Farmington Hills, Michigan 48334 |
Phone: (866)237-2624/ (248)426-8200 |
Franchisor is a privately-held company with 42 employee(s); 3 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2008 | 164 | 0 | 0 | 9 |
| 2007 | 186 | 0 | 0 | 5 |
| 2006 | 145 | 0 | 0 | 3 |
| 2005 | 84 | 0 | 0 | 2 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Exclusive territories available.
Territory size: 1-mile radius
Costs and Fees
|
Total investment: $215.4K-693.1K Franchise fee: $30K |
Ongoing royalty fee: 6% Term of agreement: 10 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | No |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $50K
Business Experience:
- General business experience
- Sales experience
Operations
- 30% of all franchisees own more than one unit
- Number of employees needed to run franchised unit: 4
- Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
Marketing Support
- Available at headquarters: 3 weeks
- At franchisee's location: 1 week
- At local store : 3 weeks
Ongoing Support
- Meetings
- Toll-free phone line
- Grand opening
- Internet
- Security/safety procedures
- Field operations/evaluations
- Purchasing cooperatives
Marketing Support
- Co-op advertising
- Ad slicks
- Regional advertising
Rankings
Franchise 500® rank:
#376 (2009); #169 (2008); #352 (2007); #309 (2006); #343 (2005);
Ranked #1 in category in:
2008;
Fastest-Growing Franchises:
#98 (2008); #63 (2007); #79 (2006);
Top New Ranking:
#19 (2006); #23 (2005);
#376 (2009); #169 (2008); #352 (2007); #309 (2006); #343 (2005);
Ranked #1 in category in:
2008;
Fastest-Growing Franchises:
#98 (2008); #63 (2007); #79 (2006);
Top New Ranking:
#19 (2006); #23 (2005);