WHAT IT TAKES
Ideal franchise owner candidates are driven, business-savvy investors who want to make a positive impact and meet the following criteria:
Net worth of $1 Million
Liquid Capital Available for Investment $200K – $300K
Passion for the helping people accomplish their dreams of owning their own business
Willingness to follow a proven system
The Investment
Lenders are looking for: 20% cash injection for your first location (franchisees are typically investing $200-$300K of their own dollars and financing the rest, but your cash injection amount will vary depending on size of the location, market, timing, borrower, lender, etc.). Lenders will also want to see substantial cash reserves to cover expenses for a period of 6-18 months (you are not having to invest these funds or put them in a separate account). Lenders will also look at your ongoing income, credit scores, business experience and net worth. All of the above can be combined between partners.
$52,500
INITIAL FRANCHISE FEE
$0.34 sqft
royalty fee
$0.06/sqFt
national marketing fee
$200-$300k
LIQUID CAPITAL
$793k – $2.2m
INVESTMENT RANGE
$40.5K
Additional UNIT fee
Investment Chart: Standard
Investment Chart: PARLOR
