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Entrepreneur: Start & Grow Your Business

Magnetsigns Advertising Inc.

Permanent & portable sign rentals

Background

Founded: 1995 Franchising since: 1996
4225 38th St.
Camrose, Alberta T4V 3Z3
Phone:
(780)672-8730


Franchisor has 10 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2006 14 97 0 4
2005 13 89 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: $24K-80K
Franchise fee: $7.9K
Ongoing royalty fee: 10%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $50K
Cash liquidity requirement: $10K
Business Experience:
  • General business experience

Operations
  • Franchise can be run from home
  • Number of employees needed to run franchised unit: 1 - 2
  • Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3 days
  • Regional managers conduct annual visits; ongoing training materials provided electronically; regional meetings/national convention

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Field operations/evaluations

Other marketing support
  • Product brochures, sales & presentation binders

Rankings

Franchise 500® rank:
#465 (2006); #459 (2005);

Low-Cost Franchises:
#125 (2005);