Click to Print This Page
Entrepreneur: Start & Grow Your Business

Panache Magazine

Luxury lifestyle magazine

Background

Founded: 2003 Franchising since: 2004
222 S. Church St., #204
Charlotte, North carolina 28202
Phone:
(704)370-6999


Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2005 1 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

Exclusive territories available.
Territory size: Top 50 U.S. cities

Costs and Fees

Total investment: $268.4K
Franchise fee: $150K
Term of agreement: 7 years, renewable


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

Third-party financing source(s): Conventional lenders

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $200K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • Franchise can be run from home
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks
  • At franchisee's location: Continuous field sup

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