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Foot Solutions
Foot Solutions is the world's largest pedorthic footwear retail/mobile network, focusing on health and wellness, the baby boomer marketplace and lifestyle shoes and inserts to change the way people live and feel. With focus on cause-related marketing including affiliations with Susan G. Komen for the Cure, Arthritis Foundation, American Diabetes Association, International Council on Active Aging, to name a few.
Franchisor Background
Year Established:
2000
Franchising Since:
2000
IFA Member
CFA Member
Operating Units:
Franchised Units:
159
99.4%
Company-Owned Units:
1
0.6%
______
_____
Total Operating Units:
160
100%
Geographic Distribution:
U.S.:
115
71.9%
In 23 States
Canada:
17
10.6%
In 5 Canadian Provinces
International:
28
17.5%
In 12 Foreign Countries
______
_____
Total:
160
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Texas
12
2. Florida
11
3. California
11
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
Financial Requirements
Investment:
Minimum Net Worth:
$Store Front - 300K; Mobile Unit - $150K
Cash Investment:
$Store Front - $40K; Mobile Unit - $25
Total Investment:
$200-225K
Average Total Investment:
$220K
Fees:
Initial Franchise Fee:
$Store Front - 32.5K; Mobile Unit - $29.5K
Average Franchise Fee:
$33K
On-Going Royalty:
5%
Average Royalty:
5%
Advertising Fee:
2%
Average Number of Employees:
2-3; 1-2 (Mobile Unit) Full-time, 0 Part-time
Space Needs (in square footage):
1,200-2,000
Preferred Sites:
Other Sites:
Upscale Strip Center
Encourage Conversions?
Yes
Earnings Claims Provided?
Yes
Listed in the SBA Registry?
Yes
Support and Training
International Franchise Association:
Yes
Canadian Franchise Association:
Yes
Franchisee Association/Member:
Yes, Member
Size of Corporate Staff:
50
Site Selection Assistance?
Yes
Lease Negotiation Assistance?
Yes
Financial Assistance?
Yes, Indirect
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
