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International network of business brokers and intermediaries, specializing in the sale of small to mid-size companies. Extensive training, support and marketing materials make it possible to become a full-time professional in our industry. VR has sold more businesses in North America than anyone �. Of the 11 million businesses in America, 20% change hands every year for you to sell. Since 1979, VR has sold free enterprise. Now it's your turn.
Franchisor Background
Year Established: 1979
Franchising Since: 1979
Operating Units: |
| Franchised Units: | 150 | | 100% | | |
| Company-Owned Units: | 0 | | 0% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 150 | | 100% | | |
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Geographic Distribution: |
| U.S.: | 108 | | 90% | | In 37 States |
| Canada: | 0 | | 0% | | In 0 Canadian Provinces |
| International: | 12 | | 10% | | In 0 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 120 | | 100% | | |
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North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. California | 14 | | 2. Florida | 16 | | 3. Texas | 4 |
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: | $250K |
| Cash Investment: | $52-100K |
| Total Investment: | $75-150K |
| Average Total Investment: | $113K |
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Fees: |
| Initial Franchise Fee: | $26.5K |
| Average Franchise Fee: | $26K |
| On-Going Royalty: | 6% |
| Average Royalty: | 6% |
| Advertising Fee: | $150/Mo. |
Average Number of Employees: 2 Full-time, 1 Part-time
Space Needs (in square footage): 1,200
Preferred Sites:
Other Sites: OB
Encourage Conversions? Yes
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | Yes |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | Yes, Member |
| Size of Corporate Staff: | 12 |
| Site Selection Assistance? | Yes |
| Lease Negotiation Assistance? | Yes |
| Financial Assistance? | Yes, Direct |
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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 |
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On-Going Support: |
| Central Data Processing: | Included in Fees |
| Central Purchasing: | Included in Fees |
| Field Operation Evaluation: | Included in Fees |
| 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 |
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Training: |
| 1. Dallas, TX | 3 Weeks |
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Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
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| Financial Net Worth: | 4 |
| General Business Experience: | 4 |
| Specific Industry Experience: | 1 |
| Formal Education: | 2 |
| Psychological Profile: | 3 |
| Personal Interview(s): | 3 |
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Minority Representation
Units Owned by Minorities: |
| African-American: | 1% |
| Asian-American: | 5% |
| Hispanic: | 25% |
| Native American: | 5% |
| Other: | 5% |
| Specific Minority: | SBA financing. Corporate financing for minorities. |
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Terms of Contract
| Term of Initial Contract: | 10 Year(s) |
| Term of Renewal Period: | 10 Year(s) |
| Passive Ownership: | Allowed |
| Area Development Agreements? | No |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | No |
Expansion Plans
Projected New Units Over Next 12 months: 25
| U.S.: | Yes, All United States |
| Canada: | Yes, All Canada |
| Overseas: | Yes, All Countries |
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