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Entrepreneur: Start & Grow Your Business

MonitorClosely.com

Digital surveillance systems

Background

Founded: 2006 Franchising since: 2006
901 King St., #101
Alexandria, Virginia 22314
Phone:
(800)797-7505


Franchisor is a privately-held company with 12 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 117 2 2 0
2007 67 2 0 0
2006 17 0 0 0
2005 N/A N/A N/A N/A

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
Outside the U.S.: World wide

Exclusive territories available.
Territory size: 250,000 population

Costs and Fees

Total investment: $45K-60K
Franchise fee: $39.5K
Ongoing royalty fee: 8%
Term of agreement: 5 years, renewable


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

Operations
  • Franchise can be run from home
  • 25% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 1 - 1
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 4 days

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising

Rankings

Franchise 500® rank:
#386 (2009); #442 (2008);

Fastest-Growing Franchises:
#57 (2009); #84 (2008);

Low-Cost Franchises:
#86 (2009);

Top New Ranking:
#26 (2009); #39 (2008);