
FranNet
Franchise consulting- 2021 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$44K - $81K
- Units as of 2016
-
66 13.8% over 3 years
Company Overview
About FranNet
- Industry
- Business Services
- Related Categories
- Business Coaching & Consulting
- Founded
- 1987
- Leadership
- Jania Bailey, CEO
Franchising Overview
- Franchising Since
- 2006 (15 years)
- # of employees at HQ
- 16
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 66 (as of 2016)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a FranNet 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
- $15,000 - $35,000
- Initial Investment
- $44,265 - $81,415
- Cash Requirement
- $30,480 - $47,630
- Veteran Incentives
- 25% off franchise fee
- Royalty Fee
- 10-30%
- Ad Royalty Fee
- $1.5K/quarter
- 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
- FranNet has relationships with third-party sources which offer 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.
- On-The-Job Training
- 5 days
- Classroom Training
- 5 days
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineOnline SupportSecurity & Safety ProceduresField Operations
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional Advertising
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- Yes
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where FranNet landed on this year’s Franchise 500 Ranking versus previous years.
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