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Franchise Picks
Inner Circle International, Ltd., The
 

Each Inner Circle is a peer group of 8-10 individuals who own and operate growing companies. An Inner Circle meets once a month for three hours with a proprietary format that focuses on each member as a person and as a business owner. As an Inner Circle franchisee, you facilitate group members as they provide one another with objective, high quality professional counsel as well as direct, no-holds-barred insights.

Franchisor Background

Year Established:

  1985

Franchising Since:

  1997

Operating Units:

Franchised Units:10 83.3%  
Company-Owned Units:2 16.7%  
 ______ _____  
Total Operating Units:12 100%  
 

Geographic Distribution:

U.S.:12 100% In 7 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:12 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Maryland1
2. Minnesota4
3. Tennessee1

Registered in Following Registration States:

   Florida, Illinois, Maryland, Michigan, Minnesota, New York, Oregon, Washington, Wisconsin

Financial Requirements

Investment:

Minimum Net Worth:$250K
Cash Investment:$25K
Total Investment:$41-59K
Average Total Investment:$50K
 

Fees:

Initial Franchise Fee:$25K
Average Franchise Fee:$25K
On-Going Royalty:15%
Average Royalty:15%
Advertising Fee:0

Average Number of Employees:

   1 Full-time, 0 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:0
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: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:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Not Applicable
 

Training:

1. Minneapolis, MN5 Days
2. Franchisee Location3 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:5
Specific Industry Experience:1
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?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   4
U.S.:Yes, All United States
Canada:No
Overseas:No
 
 
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