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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$135K - $250K
Units as of 2017
4 Decrease

Company Overview

About MemoryWise

Industry Services (Other)
Related Categories Miscellaneous Services, Miscellaneous Tech Businesses
Founded 2003
Parent Company MemoryWise LLC
Leadership Gwen Scherer, Founder and CEO
Corporate Address 2525 Arapahoe Ave., #E-25
Boulder, CO 80302

Business Overview

Franchising Since 2016 (9 years)
# of employees at HQ 2
Where seeking

This company is offering new franchises in the following US states:

# of Units 4 (as of 2017)

Information for Franchisees

Here's what you need to know if you're interested in opening a MemoryWise 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 Information Circle
$40,000
Initial Investment Information Circle
$135,000 - $250,000
Net Worth Requirement Information Circle
$400,000
Cash Requirement Information Circle
$100,000
Veteran Incentives Information Circle
10% off franchise fee
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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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 19 days
Classroom Training 17 days
Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Online Support
Field Operations
Marketing Support
Ad Templates
Regional Advertising

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 2
Are exclusive territories available? Information Circle
No
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022