Conte's Bicycle & Fitness Equipment

Founded: 1957 Franchising since: 2004

1205 Barn Brook Rd. Virginia Beach, Virginia 23454

Phone: (757)496-6970

Franchisor is a privately-held company with 18 employee(s); 4 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	9	0	0	0
2008	8	0	0	1
2007	6	0	0	1
2006	6	0	0	1
2005	1	0	0	3

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, 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, Ohio, Oklahoma, Pennsylvania, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, West virginia, Wyoming

Exclusive territories available.
Territory size: Minimum 50,000 population in 10 mile radius

Total investment: $425K-734.3K Franchise fee: $60K

Ongoing royalty fee: 3% Term of agreement: 10 years, renewable

Type of Financing Available

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

Qualifications
Net worth requirement: $350K
Cash liquidity requirement: $125K
Business Experience:

• Industry experience
• General business experience
• Retail experience preferred

Operations

• Number of employees needed to run franchised unit: 3 - 3
• Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training

• Available at headquarters: 2 weeks
• At franchisee's location: 2 weeks

Ongoing Support

• Newsletter
• Meetings
• Grand opening
• Internet
• Security/safety procedures
• Field operations/evaluations
• Purchasing cooperatives

Marketing Support

• Co-op advertising
• Ad slicks

Other marketing support

• Events & sponsorship support