- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$51K - $71K
- Units as of 2015
-
2
Company Overview
About Wallace Property Management Group
| Industry | Business Services |
|---|---|
| Related Categories | Miscellaneous Business Services, Miscellaneous Services |
| Founded | 2006 |
| Leadership | Scott Wallace, Founder and CEO |
| Corporate Address |
P.O. Box 2125 Lexington, SC 29071 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 2014 (10 years) |
|---|---|
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 2 (as of 2015) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Wallace Property Management Group 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
|
$30,000 |
|---|---|
|
Initial Investment
|
$51,400 - $71,250 |
|
Net Worth Requirement
|
$100,000 |
|
Cash Requirement
|
$40,000 - $100,000 |
|
Veteran Incentives
|
$10,000 off franchise fee |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
2% |
|
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.
| Third Party Financing | Wallace Property Management Group has relationships with third-party sources which offer financing to cover the following: franchise fee, inventory, accounts receivable, payroll |
|---|
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 | 1 week |
|---|---|
| Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
|
| Marketing Support |
Co-op Advertising
Regional Advertising
|
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 | 1-2 |
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