- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$34K - $63K
- Units as of 2023
-
41 19% over 3 years
Company Overview
About FranNet
Industry | Business Services |
---|---|
Related Categories | Business Coaching & Consulting |
Founded | 1987 |
Parent Company | FranNet LLC |
Leadership | Jania Bailey, CEO |
Corporate Address |
10302 Brookridge Village Blvd. Louisville, KY 40291 |
Social | Facebook, Twitter, LinkedIn, YouTube |
Business Overview
Franchising Since | 2006 (18 years) |
---|---|
# of employees at HQ | 16 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada |
# of Units | 41 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a FranNet franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$5,000 - $10,000 |
---|---|
Initial Investment
|
$33,750 - $62,750 |
Veteran Incentives
|
25% off franchise fee |
Royalty Fee
|
10% |
Ad Royalty Fee
|
$725/qtr. |
Term of Agreement
|
5 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | FranNet has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 18.5 hours |
---|---|
Classroom Training | 13.5 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
Field Operations
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where FranNet landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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