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Entrepreneur's Source, The
 

We provide consulting, education and guidance to people exploring self-employment as an additional career option. Using a unique profiling system, ENTREPRENEUR'S SOURCE consultants help people discover the best options for them.

Franchisor Background

Year Established:

  1984

Franchising Since:

  1997

Operating Units:

Franchised Units:257 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:257 100%  
 

Geographic Distribution:

U.S.:248 99.2% In 40 States
Canada:2 0.8% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:250 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. California27
2. Illinois19

Registered in Following Registration States:

   California, Florida, Maryland, Michigan, Minnesota, New York, Virginia, Washington, Wisconsin

Financial Requirements

Investment:

Minimum Net Worth:$150K
Cash Investment:$49K-95K
Total Investment:$72-81.5K
Average Total Investment:$91K
 

Fees:

Initial Franchise Fee:$49K
Average Franchise Fee:$49K
On-Going Royalty:0%
Average Royalty:0%
Advertising Fee:$750/Mo.

Average Number of Employees:

   1 Full-time, 0 Part-time

Space Needs (in square footage):

   N/A

Preferred Sites:

  

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:17
Site Selection Assistance?Not Applicable
Lease Negotiation Assistance?Not Applicable
Financial Assistance?Yes, Direct
 

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:Not Applicable
Field Training:Included in Fees
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Not Applicable
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. CT. Initial8 Days
  

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Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:4
General Business Experience:4
Specific Industry Experience:1
Formal Education:1
Psychological Profile:2
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:Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

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?Yes
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   100
U.S.:Yes, All United States
Canada:Yes, All Canada
Overseas:Yes, Most Countries
 
 
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