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Franchise Picks
Property Damage Appraisers
 

The industry's largest, franchised appraisal company, with national marketing support, a computerized office management system, training and on-going management assistance. No initial franchise fee is required - only a royalty on completed business.Automobile damage appraising experience a pre-requisite.

Franchisor Background

Year Established:

  1963

Franchising Since:

  1963

Operating Units:

Franchised Units:250 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:250 100%  
 

Geographic Distribution:

U.S.:250 100% In 47 States
Canada:0 0% 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. California21
2. Florida15
3. Texas25

Registered in Following Registration States:

   California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:

Minimum Net Worth:$
Cash Investment:$9-23K
Total Investment:$9-23K
Average Total Investment:$16K
 

Fees:

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

Average Number of Employees:

   2 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:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:36
Site Selection Assistance?Yes
Lease Negotiation Assistance?Not Applicable
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:Yes
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:Included in Fees
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Corporate Headquarters1 Week
2. On-Site4 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:3
Specific Industry Experience:5
Formal Education:3
Psychological Profile:N/A
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:3 Year(s)
Term of Renewal Period:5 Year(s)
Passive Ownership:Not Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   20
U.S.:Yes, All United States
Canada:No
Overseas:No
 
 
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