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Entrepreneur: Start & Grow Your Business

Silver Cross

Home accessibility & mobility equipment

Background

Founded: 1993 Franchising since: 1994
1005 Skyview Dr., #200
Burlington, Ontario L7P 5B1
Phone:
(800)572-9310


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

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 5 10 0 0
2006 4 10 0 0
2005 2 9 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, South carolina, Tennessee, Texas, United states, Utah, Vermont, West virginia, Wyoming
Outside the U.S.: Canada

Costs and Fees

Total investment: $121.3K-171.3K
Franchise fee: $45K
Ongoing royalty fee: 5%
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

Qualifications
Net worth requirement: $350K
Cash liquidity requirement: $117.3K-171.3K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • 7% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 1
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 6 days
  • At franchisee's location: 3-4 days
  • Continuous support

Ongoing Support
  • Meetings
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Ad slicks

Rankings

Franchise 500® rank:
#443 (2006);