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Digikids
 

More than 2,200 children are reported lost or missing each day in the United States. DIGIKIDS® offers a unique, high-tech solution to aid in the recovery of those children. With a DIGIKIDS® franchise, you'll enjoy great earning potential and very low overhead, while providing a much-needed and highly respected service for your community.

Franchisor Background

Year Established:

  2003

Franchising Since:

  2004

Operating Units:

Franchised Units:31 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:31 100%  
 

Geographic Distribution:

U.S.:31 100% In 18 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:31 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Florida4
2. North Carolina2
3. Texas8

Registered in Following Registration States:

   Florida, Michigan, Virginia, Washington, Wisconsin

Financial Requirements

Investment:

Minimum Net Worth:$100K
Cash Investment:$28.7K
Total Investment:$33-48K
Average Total Investment:$41K
 

Fees:

Initial Franchise Fee:$28.7K
Average Franchise Fee:$28K
On-Going Royalty:0%
Average Royalty:0%
Advertising Fee:2%

Average Number of Employees:

   1 Full-time, 1 Part-time

Space Needs (in square footage):

  

Preferred Sites:

   Home-based

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   Yes

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:5
Site Selection Assistance?Not Applicable
Lease Negotiation Assistance?Not Applicable
Financial Assistance?Yes, Direct
 

Marketing Support:

Co-Op Advertising:No
National Advertising:Yes
Regional Advertising:Yes
Local Advertising:Yes
Marketing Materials:Ad Slicks
Additional Services:In-house Marketing, Online Extranet
Other Marketing Support:monthly conference calls, automated postcard campa
 

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:Included in Fees
 

Training:

1. Corporate Headquarters2 Days
2. On-SiteAs Agreed
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:2
General Business Experience:1
Specific Industry Experience:1
Formal Education:2
Psychological Profile:3
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
Area Development Agreements?Yes, for 5 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   10
U.S.:Yes, All United States
Canada:No
Overseas:Yes, All Countries
 
 
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