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Franchisor Background
Year Established: 1878Franchising Since: 1996
Operating Units: Franchised Units: 100 22.2% Company-Owned Units: 350 77.8% ______ _____ Total Operating Units: 450 100% Geographic Distribution: U.S.: 91 21.2% In 0 States Canada: 11 2.6% In 0 Canadian Provinces International: 328 76.3% In 0 Foreign Countries ______ _____ Total: 430 100% North America: States/Provinces with the largest number of operating units: Density Units 1. California 18 2. Florida 18 3. New York 18
Registered in Following Registration States: California, Florida, Illinois, Maryland, Michigan, New York, Oregon, Virginia, Washington Financial Requirements
Investment: Minimum Net Worth: $300K Cash Investment: $150-300K Total Investment: $150-300K Average Total Investment: $225K Fees: Initial Franchise Fee: $30-50K Average Franchise Fee: $40K On-Going Royalty: 10% Average Royalty: 10% Advertising Fee: 2%
Average Number of Employees: 1 Full-time, 1 Part-timeSpace Needs (in square footage): 1,500-3,000Preferred Sites: Other Sites: Encourage Conversions? YesEarnings Claims Provided? NoListed in the SBA Registry? NoSupport and Training
International Franchise Association: Yes Canadian Franchise Association: No Franchisee Association/Member: No Size of Corporate Staff: 7000 Site Selection Assistance? Yes Lease Negotiation Assistance? Yes Financial Assistance? No Marketing Support: Co-Op Advertising: No National Advertising: No Regional Advertising: No Local Advertising: No Marketing Materials: None Specified Additional Services: None Specified Other Marketing Support: None Specified On-Going Support: Central Data Processing: Not Applicable Central Purchasing: Not Applicable Field Operation Evaluation: Included in Fees Field Training: Included in Fees Initial Store Opening: Included in Fees Inventory Control: Included in Fees Franchisee Newsletter: Included in Fees Regional or National Meetings: Included in Fees 800 Telephone Hotline: Not Applicable Training: 1. Home Office 2 Weeks 2. Division Training 2 Weeks 3. On-Site 2 Weeks
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 4 General Business Experience: 5 Specific Industry Experience: 2 Formal Education: 3 Psychological Profile: 4 Personal Interview(s): 5
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: Allowed, But Discouraged Area Development Agreements? Yes, for 1 Year(s) Sub-Franchising Contracts? No Franchisees Allowed to Expand Within Territory? No
Expansion Plans
Projected New Units Over Next 12 months: 50
U.S.: Yes, Southeast, West Canada: Yes, NB Overseas: Yes, Africa, Central Asia, Asia
