LeTip

LeTip

Professional networking groups
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$38K - $115K
Units as of 2020
55 3.8% over 3 years

Company Overview

About LeTip

Related Categories
Networking Groups
Founded
1978
Parent Company
Loyalty Brands
Leadership
Kim Marie Pettid-Branch, CEO

Franchising Overview

Franchising Since
2019 (2 years)
# of employees at HQ
14
# of Units
55 (as of 2020)

Franchisor Information

Social
Facebook, LinkedIn
Corporate Address
4838 E. Baseline Rd., #123
Mesa, AZ 85206

Information for Franchisees

Here’s what you need to know if you’re interested in opening a LeTip 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 - $90,000
Initial Investment
$38,110 - $115,400
Royalty Fee
17%
Ad Royalty Fee
1%
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.

In-House Financing
LeTip offers in-house financing to cover the following: franchise fee

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
9 hours
Classroom Training
21 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

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?
Yes
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where LeTip landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021