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Franchise Picks
AmSpirit Business Connections
 

AmSpirit Business Connections is a business that establishes chapters of entrepreneurs, sales representatives, and professionals and then empowers their success through the use of a structured meeting format in which these members develop dynamic business relationships and as a result promote the exchange of qualified referrals with each other.

Franchisor Background

Year Established:

  1997

Franchising Since:

  2006

Operating Units:

Franchised Units:1 12.5%  
Company-Owned Units:7 87.5%  
 ______ _____  
Total Operating Units:8 100%  
 

Geographic Distribution:

U.S.:8 100% In 1 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:8 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Ohio8

Registered in Following Registration States:

  

Financial Requirements

Investment:

Minimum Net Worth:$NA
Cash Investment:$25K
Total Investment:$29-46K
Average Total Investment:$32K
 

Fees:

Initial Franchise Fee:$25K
Average Franchise Fee:$25K
On-Going Royalty:30%
Average Royalty:30%
Advertising Fee:0

Average Number of Employees:

   2 Full-time, 2 Part-time

Space Needs (in square footage):

  

Preferred Sites:

  

Other Sites:

  

Encourage Conversions?

   Not Applicable

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:4
Site Selection Assistance?No
Lease Negotiation Assistance?No
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:Brochures
Additional Services:Newsletter, Online Extranet, Press Releases
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:At Additional Cost
Field Training:At Additional Cost
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Not Applicable
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Included in Fees
 

Training:

1. Columbus, OH3 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:2
General Business Experience:5
Specific Industry Experience:3
Formal Education:1
Psychological Profile:4
Personal Interview(s):4

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Not Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   7
U.S.:Yes, Midwest (Ohio, Pennsylvania, Kentucky, West Virgin
Canada:No
Overseas:No
 
 
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