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Wireless Toyz

Wireless devices & satellite TV services

Background

Founded: 1995 Franchising since: 2001
28470 W. Thirteen Mile Rd., #300
Farmington Hills, Michigan 48334
Phone:
(866)237-2624/ (248)426-8200


Franchisor is a privately-held company with 42 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 164 0 0 9
2007 186 0 0 5
2006 145 0 0 3
2005 84 0 0 2

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, Maryland, Maine, Michigan, Minnesota, 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, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: 1-mile radius

Costs and Fees

Total investment: $215.4K-693.1K
Franchise fee: $30K
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 Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $50K
Business Experience:
  • General business experience
  • Sales experience

Operations
  • 30% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 4
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3 weeks
  • At franchisee's location: 1 week
  • At local store : 3 weeks

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

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

Rankings

Franchise 500® rank:
#376 (2009); #169 (2008); #352 (2007); #309 (2006); #343 (2005);

Ranked #1 in category in:
2008;

Fastest-Growing Franchises:
#98 (2008); #63 (2007); #79 (2006);

Top New Ranking:
#19 (2006); #23 (2005);


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