Entrepreneur: Start & Grow Your Business

MetroNaps

Napping facilities & napping products

Year began: 2003 Franchising since: 2005
350 Fifth Ave., Empire State Bldg., #2210 New York, NY 10118 Phone: (212)239-3344 Fax: (212)239-3371	Franchisor is a privately-held company with 5 employee(s); 3 employee(s) in franchise department.

Franchise Growth

Year

2006
2005
2004

U.S. Franchises

1
0
N/A

Canadian Franchises

0
0
N/A

Foreign Franchises

0
0
N/A

Company
Owned

2
2
2

Where Seeking Franchisees

In the U.S.

Worldwide

Exclusive territories available.
Territory size: 50,000 population

Costs & Fees

Total investment: $72K-214.5K
Express/kiosk option available
Franchise fee: $25K
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	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Third-party financing source(s): BayCap Inc.

Qualifications

Net worth requirement: $170K-320K
Cash liquidity requirement: $28.3K-53.3K
Business Experience:

General business experience

Operations

0% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 1
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Training & Support

TRAINING

Available at headquarters: 10 days
At franchisee's location: 3 days

ONGOING SUPPORT

Newsletter
Meetings
Toll-free phone line
Grand opening
Internet

MARKETING SUPPORT

Ad slicks

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