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Interface Financial Group, The
 

Franchise buys quality accounts receivables from client companies at a discount to provide short-term working capital to expanding businesses.

Franchisor Background

Year Established:

  1971

Franchising Since:

  1991

Operating Units:

Franchised Units:166 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:166 100%  
 

Geographic Distribution:

U.S.:114 78.1% In 34 States
Canada:20 13.7% In 6 Canadian Provinces
International:12 8.2% In 2 Foreign Countries
 ______ _____  
Total:146 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. California17
2. Ontario8

Registered in Following Registration States:

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

Financial Requirements

Investment:

Minimum Net Worth:$150K
Cash Investment:$100K+
Total Investment:$88.3-139.3K
Average Total Investment:$113K
 

Fees:

Initial Franchise Fee:$36K
Average Franchise Fee:$36K
On-Going Royalty:8%
Average Royalty:8%
Advertising Fee:

Average Number of Employees:

  

Space Needs (in square footage):

  

Preferred Sites:

   Home-based

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?Not Applicable
Lease Negotiation Assistance?Not Applicable
Financial Assistance?N/A
 

Marketing Support:

Co-Op Advertising:Yes
National Advertising:Yes
Regional Advertising:Yes
Local Advertising:Yes
Marketing Materials:Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
Additional Services:Grand Opening, In-house Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies
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:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. 6 Days Total (2 days on-site)
 

Franchisee Qualifications

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

Minority Representation

Units Owned by Minorities:

African-American:1
Asian-American:3
Hispanic:1
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:Allowed, But Discouraged
Area Development Agreements?Yes, for 1 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   30
U.S.:Yes, All United States
Canada:Yes, All Canada
Overseas:Yes, All Countries
 
 
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