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Promoted Opportunities
Initial Investment
LOW: $128,000
HIGH: $393,500
Change in Units
+3.9% +15 UNITS (1 Year)
-2.5% -10 UNITS (3 Years)
Company Profile
Founded
1988
Franchising Since
1989 (28 Years)
Corporate Address
795 Brook St., Bldg. #5 Rocky Hill, CT 06067
CEO
Joe Johnson
Parent Company
Glentel USA
About Wireless Zone
Wireless Zone's history goes back to 1988, when Russ Weldon started The Car Phone Store in Wethersfield, Connecticut. Franchising began just a year later. By 1999, the stores' offerings had expanded beyond cell phones to include GPS navigation, wireless accessories, wireless data devices and pre-paid cellular services, and the company's name was changed to Wireless Zone.
Financials
Financial Requirements
Initial Investment
$128,000 - $393,500
Net-worth Requirement
$250,000
Liquid Cash Requirement
$175,000
Ongoing Fees
Initial Franchise Fee
$1,000 - $30,000
Ongoing Royalty Fee
Varies
Ad Royalty Fee
Varies
Financing Options
Wireless Zone offers in-house financing to cover the following: franchise fee, startup costs, inventory
Veteran Incentives
50% off franchise fee/transfer fee
Units (Locations)
Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.
Operations & Franchisor Support
Training Onsite: 1 week
Training at headquarters: 2 weeks
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media
Number of employees required to run: 4
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Disclaimer
The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 7th, 2016
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