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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$31K - $42K
Unit data is unavailable
N/A

Company Overview

About MyLoopCard

Industry Business Services
Related Categories Advertising Services, Miscellaneous Recreation Businesses
Founded 2007
Leadership Justin Herman, CEO
Corporate Address 241 Federal Plaza W.
Youngstown, OH 44503

Business Overview

Franchising Since 2009 (15 years)
# of employees at HQ 3

Information for Franchisees

Here's what you need to know if you're interested in opening a MyLoopCard 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
$29,500
Initial Investment Information Circle
$31,000 - $42,000
Net Worth Requirement Information Circle
$100,000
Cash Requirement Information Circle
$30,000
Veteran Incentives Information Circle
10% off franchise fee
Royalty Fee Information Circle
$50/mo.
Term of Agreement Information Circle
5 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.

Classroom Training as needed
Ongoing Support
Purchasing Co-ops
Meetings & Conventions
Toll-Free Line
Online Support
Marketing Support
Co-op Advertising
Ad Templates
National Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
Yes
Can this franchise be run part time? Information Circle
No
# of employees required to run 1
Are exclusive territories available? Information Circle
Yes
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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