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Group buying program for businesses

Background

Founded: 1986 Franchising since: 2002
201 N. Illinois St., #1701
Indianapolis, Indiana 46204
Phone:
(317)208-4836


Franchisor is a privately-held company with 29 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2006 38 0 0 0
2005 48 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: minimum 10,000 companies created from contiguous ZIP codes

Costs and Fees

Total investment: $77.4K-254.9K
Franchise fee: $40K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $58.5K
Business Experience:
  • Sales or sales management experience strongly recommended

Operations
  • Franchise can be run from home
  • 60% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 1
  • Absentee ownership of franchise is allowed.

Training and Support

Training
  • Available at headquarters: 12 days
  • At franchisee's location: 6 days+ & as needed
  • Web training as needed; advanced training for 7 days

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

Marketing Support
  • Co-op advertising
  • Ad slicks

Other marketing support
  • Email support & telemarketing

Rankings

Franchise 500® rank:
#410 (2007); #463 (2006); #442 (2005);

Top New Ranking:
#33 (2007); #43 (2006); #44 (2005);


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