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Entrepreneur: Start & Grow Your Business

PRstore LLC

B2B marketing services

Background

Founded: 2001 Franchising since: 2002
15720 John J. Delaney Dr., #206
Charlotte, North carolina 28277
Phone:
(704)333-2200


Franchisor has 10 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 32 0 0 0
2007 32 0 0 0
2006 13 0 0 0
2005 6 0 0 0

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, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Costs and Fees

Total investment: $50.2K-326.8K
Franchise fee: $29.5K/89.5K
Ongoing royalty fee: 4.25%
Term of agreement: 5 years, renewable


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

Qualifications
Net worth requirement: $1M
Cash liquidity requirement: $350K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills
  • Sales experience

Operations
  • 93% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 10 days
  • At franchisee's location: Up to 10 days
  • Periodic refresher training & new product training

Ongoing Support
  • Newsletter
  • Meetings
  • Grand opening
  • Internet
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising

Other marketing support
  • Sales & marketing consulting, TV & radio scripting

Rankings

Franchise 500® rank:
#485 (2008);