- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$74K - $90K
- Units as of 2017
-
17 15% over 3 years
Company Overview
About Leather Medic
| Industry | Maintenance |
|---|---|
| Related Categories | Leather & Vinyl Repair, Miscellaneous Maintenance Businesses |
| Founded | 1989 |
| Parent Company | Life Ventures |
| Leadership | Chade Life, CEO |
| Corporate Address |
5565 Lee St., #1 Lehigh Acres, FL 33971 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 2003 (21 years) |
|---|---|
| # of employees at HQ | 3 |
| Where seeking |
This company is offering new franchises in the following US states: |
| # of Units | 17 (as of 2017) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Leather Medic 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
|
$49,500 |
|---|---|
|
Initial Investment
|
$73,900 - $90,240 |
|
Net Worth Requirement
|
$40,000 |
|
Cash Requirement
|
$40,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
$450/truck/mo. |
|
Term of Agreement
|
7 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 | Leather Medic offers in-house financing to cover the following: franchise fee, equipment, inventory |
|---|
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 | 16 hours |
|---|---|
| Classroom Training | 29 hours |
| Ongoing Support |
Meetings & Conventions
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
|
| Marketing Support |
Regional Advertising
Social Media
SEO
Website Development
|
Operations
Additional details about running this franchise.
|
Can this franchise be run from home/mobile unit?
|
Yes |
|---|---|
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1 |
|
Are exclusive territories available?
|
Yes |
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