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| Inner Circle International, The 3208 W. Lake St. #3 Minneapolis, MN 55416 |
Submit an online form to receive information from Inner Circle International, The.
|
Business Description
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
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: Florida, Illinois, Maryland, Michigan, Minnesota, New York, Oregon, Washington, Wisconsin
Financial Requirements
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
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: | 9 | 90% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 1 | 10% | |||||||||||||||||||||||||||||
Total Operating Units: | 10 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Maryland | 1 |
| 2. Minnesota | 4 |
| 3. Tennessee | 1 |
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: | $40.5-57.5K |
| Average Total Investment: | $49K |
| Fees: | |
| Initial Franchise Fee: | $25K |
| Average Franchise Fee: | $25K |
| On-Going Royalty: | 15% |
| Average Royalty: | 15% |
| Advertising Fee: | 0 |
Space Needs (in square footage):
Preferred Sites:
Other Sites:
Encourage Conversions? Not Applicable
Earnings Claims Provided?: No
| 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 | ||||||||
| 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 | ||||||||
| 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, MN | 5 Days | ||||||||
| 2. Franchisee Location | 3 Days | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Inner Circle International, The.
|
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