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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$135K - $250K
Units as of 2017
4 100.0% over 3 years

Company Overview

About MemoryWise

Industry
Services (Other)
Founded
2003
Parent Company
MemoryWise LLC
Leadership
Gwen Scherer, Founder and CEO

Franchising Overview

Franchising Since
2016 (5 years)
# of employees at HQ
2
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
4 (as of 2017)

Franchisor Information

Corporate Address
2525 Arapahoe Ave., #E-25
Boulder, CO 80302

Information for Franchisees

Here’s what you need to know if you’re interested in opening a MemoryWise 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
$40,000
Initial Investment
$135,000 - $250,000
Net Worth Requirement
$400,000
Cash Requirement
$100,000
Veteran Incentives
10% off franchise fee
Royalty Fee
6%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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
19 days
Classroom Training
17 days
Additional Training
At existing location, 120 hours; Online home-study, 40 hours; Remote one-on-one training, 32 hours
Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Online Support
Field Operations
Marketing Support
Ad Templates
Regional Advertising
Marketing Planning & Support

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where MemoryWise 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