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Entrepreneur: Start & Grow Your Business

FD & MG Franchise Company Inc.

Franchise consulting

Background

Founded: 2003 Franchising since: 2007
949 E. Pioneer Rd., #B-2
Draper, Utah 84020
Phone:
(801)352-1400


Franchisor is a privately-held company with 6 employee(s); 6 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 2 1 0 1
2008 -- -- -- --
2007 1 0 0 1
2006 N/A N/A N/A 0
2005 N/A N/A N/A 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
Outside the U.S.:

Exclusive territories available.
Territory size: By state

Costs and Fees

Total investment: $120.5K-152.1K
Franchise fee: $75K
Ongoing royalty fee: 6%
Term of agreement: 7 years, renewable


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

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $50K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills

Operations
  • Number of employees needed to run franchised unit: 2 - 3
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks

Ongoing Support
  • Newsletter
  • Meetings
  • Grand opening
  • Internet

Marketing Support
  • Co-op advertising