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Entrepreneur: Start & Grow Your Business

Crye-Leike Franchises Inc.

Real estate

Background

Founded: 1976 Franchising since: 1999
5111 Maryland Wy., #302
Brentwood, Tennessee 37027
Phone:
(866)603-2470/ (615)221-0449


Franchisor is a privately-held company with 600 employee(s); 10 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 32 0 0 94
2008 35 0 0 98
2007 36 0 0 83
2006 31 0 0 72
2005 28 0 0 62

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

Costs and Fees

Total investment: $63.1K-160.3K
Franchise fee: $13.5K-25K
Ongoing royalty fee: 6%
Term of agreement: 5 years, renewable


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

Operations
  • 370% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 5 - 5
  • Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: Varies

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

Rankings

Franchise 500® rank:
#437 (2009); #395 (2008); #365 (2007);