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Pro Image Franchise LC

2014 Franchise 500
#252
At a Glance

Products & Services: Licensed sports apparel and accessories

Number of Locations: 100

Total Investment: $141.1K - $403.5K

Founded: 1985

Began Franchising: 1986

About Pro Image Franchise LC

Brothers Chad and Kevin Olsen opened the first Pro Image store in Salt Lake City in 1985, and began franchising the concept a year later. Pro Image Sports stores sell licensed professional and collegiate sports apparel, hats and novelty items.

Franchise Units

Year U.S. Canadian International Company Owned
2013 100 0 0 0
2010 75 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $141,100 - $403,500
Franchise Fee: $30,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $5,000 off franchise fee
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $75,000
Operations
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 days. At franchisee's location: 2-3 days. At store opening
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,
Other marketing support: POP programs

Franchise Ranking History

Franchise 500®: #252 (2014),

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