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ProSpection
7100 E. Pleasant Valley Rd. # 260
Independence, OH 44131
800#: (877) 392-6278 + 10
Tel:
Fax: (216) 674-0650
E-Mail: [email protected]
Web Site: www.prospectionusa.com
Contact: Ms. Kylene Golubski, VP Business Planning/Devel.
Benefits of PROSPECTION include large territories, lower franchise fees, interest-free financing, training and more. You also have access to our team of marketing, technology and business development experts. Compare us to other inspection franchises and then contact us for a cost/benefit analysis. PROSPECTION is a subsidiary of Merrymeeting Inc. (MMI) an investment specializing in the acquisition and development of franchise systems. Through its multiple franchises, MMI operates 800+ units.
Franchisor Background
Established: 2003
First Franchise: 2003
Franchise Units: 30
Company-Owned Units: 0
Total Units: 30
Distribution:
U.S. -- 30;
Canada -- 0;
International -- 0
-North America -- Operations in 5 States
-States/Provinces with Greatest Density: 1 each in CA,FL,IL,WA,WI
Projected New Units Over Next 12 months: 25
Franchisee Qualifications: 3, 2, 1, 1, 1, 5
(Click here for an explanation)
Registered in Following Registration States: CA,FL,IL,WA,WI (Click here for an explanation)
Average Number of Employees: 1 FT (FT = Full Time, PT = Part Time)
Space Needs: NR SF; HB
(Click here for abbreviations)
Encourage Conversion: NA
Financial Requirements
Cash Investment: $3-4K
Total Investment: $15.2-38.5K
Average Total Investment: $26.9K
Minimum Net Worth: $None
Fees:
-Franchise: $6K or 12K
-Average Franchise Fee: $9.0K
-Royalty: 7%
-Average Royalty: 7.0%
-Advertising: 2%
Provide Earning Claim Statement: NR
Terms of Contract
Term of Contract (Years): 7/7
Passive Ownership: Allowed
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: NA
Lease Negotiation Assistance: NA
Financial Assistance: Yes(D)
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 25
On-Going Support: A,B,D,G,h,I (Click here for an explanation)
Training: 7 Days at 8 different locations; 6 Hours Online.
Franchisor's Specific Expansion Plans
U.S.: Specific States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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