- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$37K - $56K
- Units as of 2020
-
5
Friend of the Family was founded in 2005 based on suggestions of real estate clients who had to move from their homes. Friend of the Family’s main goal is to provide people with an efficient and stress-free move, as the Friend of the Family team strives to take care of it from start to end.
With a well-trained staff, the company aims to offer hands-on help to clients who are moving. Also, each project has its own project manager. Friend of the Family services include asset distribution, downsizing and organizing, and relocation project management. The company helps families and individuals, as well as seniors who wish to move and settle into a new place.
Why You May Want To Start a Friend of the Family Franchise
Friend of the Family may be a great fit for franchisees who are organized, practical, and enjoy dealing with demanding tasks. To own a Friend of Family franchise, there’s no need to have previous experience in real estate or any other field.
If awarded a franchise, franchisees may receive a great deal of support from the Friend of the Family brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. They also receive hands-on training and continued support after their franchise location has opened.
What Might Make a Friend of the Family Franchise a Good Choice?
Besides helping people with their moving and settling into their new homes, Friend of the Family also strives to act as leaders in online estate sales by supporting people who want to sell old or undesired objects and later using this money to pay partially for their moves.
Opening a Friend of the Family franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
How To Open a Friend of the Family Franchise
To be part of the Friend of the Family team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees.
Before making any financial commitment or signing an agreement, it is crucial that you perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Friend of the Family franchising team questions.
As you decide if opening a Friend of the Family franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Friend of the Family franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Friend of the Family franchise.
Company Overview
About Friend of the Family
Related Categories | Miscellaneous Services |
---|---|
Founded | 2005 |
Parent Company | FOF Franchising LLC |
Leadership | Kathy Grossmann, CEO |
Corporate Address |
5231 S. Quebec St. Greenwood Village, CO 80111 |
Social | Facebook, Twitter, Instagram |
Business Overview
Franchising Since | 2019 (5 years) |
---|---|
# of employees at HQ | 6 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 5 (as of 2020) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Friend of the Family 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
|
$35,000 - $45,000 |
---|---|
Initial Investment
|
$36,949 - $55,650 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
16-3% |
Ad Royalty Fee
|
1% |
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.
In-House Financing | Friend of the Family offers in-house financing to cover the following: franchise fee |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 18 hours |
---|---|
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
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?
|
Yes |
Are exclusive territories available?
|
Yes |
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