Leather Medic

At a Glance

Products & Services: Leather repair and refinishing

Number of Locations: 20

Total Investment: $47.5K - $50K

Founded: 1989

Began Franchising: 2003

Franchise Units

Year U.S. Canadian International Company Owned
2014 19 0 0 1
2013 19 0 0 1
2012 19 0 0 1
2011 20 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $47,500 - $50,000
Franchise Fee: $47,500
Ongoing Royalty Fee: $450/tech/mo.
Term of Franchise Agreement: 7 years, renewable
Veteran Incentives: 20% off franchise fee
Financial Requirements
Liquid Cash Available: $20,000
Operations
Franchise can be run from home. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 14 days. At franchisee's location: 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Ad slicks,
Other marketing support: Personalized website