Network In Action
Professional networking and referral groups
- 2023 Franchise 500 Rank
-
#499 Ranked #456 last year
- Initial investment
-
$26K - $33K
- Units as of 2022
-
80 150.0% over 3 years
Network In Action is a marketing company that hosts monthly meetings for small business owners to network. The company was founded in 2015 by Scott Talley and began franchising in 2016. Network In Action has over 55 franchise units across the United States, with its headquarters in Houston, Texas.
Why You May Want to Start a Network In Action Franchise
Network In Action's monthly meetings may open up an entirely new market of business owners to each other. There are millions of small businesses in the United States, and each one of them requires a marketing plan. The average business owner may not have enough time to attend weekly networking meetings, but Network In Action has made networking easier and accessible.
The Network In Action model may be ideal for professionals seeking to leave the corporate world. Franchisees are typically mid- to upper-level managers, executives, and entrepreneurs seeking to join a growing market.
As a franchisee, your responsibility is to provide leadership to the organization and create a group of business owners you wish to work with every month. You may form relationships with the local small business owners looking to improve their businesses' outcomes while utilizing Network In Action's state-of-the-art technology.
What Might Make a Network In Action Franchise a Good Choice?
To be part of the Network In Action team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include royalty fees and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Additional services accessible to franchisees include training, marketing programs, and consultation services. You will complete an extensive amount of training to learn how to run your business. Once the basics are complete, the franchisor will be there for ongoing support.
Network In Action has recently been ranked in Entrepreneur’s Franchise 500. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
How Do You Open a Network In Action Franchise?
As you decide if opening a Network In Action 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 Network In Action franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. You may want to speak to existing franchisees and ask the Network In Action team questions as part of your due diligence. You may also want to speak to a franchise attorney and a financial planner to prepare yourself for the possibility of opening a Network In Action franchise.
Company Overview
About Network In Action
- Industry
- Business Services
- Related Categories
- Networking Groups, Miscellaneous Business Services
- Founded
- 2015
- Leadership
- Scott Talley, Founder
- Corporate Address
-
770 S. Post Oak Ln., #150
Houston, TX 77056
Business Overview
- Franchising Since
- 2016 (7 years)
- # of employees at HQ
- 3
- Where seeking
-
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
- # of Units
- 80 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Network In Action 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
- $25,000
- Initial Investment
- $25,710 - $32,700
- Net Worth Requirement
- $25,000 - $35,000
- Cash Requirement
- $25,000
- Veteran Incentives
- 15% off franchise fee
- Royalty Fee
- 15%
- Term of Agreement
- 10 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
- Network In Action offers in-house financing to cover the following: franchise fee, startup costs
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Classroom Training
- 38 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesSocial MediaWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- Yes
- Can this franchise be run part time?
- Yes
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like Network In Action? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Network In Action landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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