Top 100 Franchises
2014
The INTERFACE FINANCIAL GROUP is part of a trillion dollar industry that teaches franchisees how to be successful. Decades of experience in franchising give Interface the knowledge and expertise needed when venturing the world of franchising. Interface strives to give their clients control over their business and their lives through INTERFACE'S uniquely designed program.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2012 | 139 | -3.47% | 0 | -- | 139 | -3.47% |
| 2011 | 144 | 5.11% | 0 | -- | 144 | 5.11% |
| 2010 | 137 | -- | 0 | -- | 137 | -- |
Investment Required
The initial franchise fee for IFG 50/50 is $24,500. The INTERFACE FINANCIAL GROUP provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Estimated Low Range | Estimated High Range |
|---|---|---|
| Initial Franchise Fee | $24,500 | $24,500 |
| Expenses While Traveling | $500 | $1,000 |
| Equipment | $800 | $1,300 |
| Initial Promotion | $1,000 | $1,000 |
| Additional Funds | $50,000 | $100,000 |
| Total Estimated Investment | $76,800 | $127,800 |
Ongoing Expenses
Franchisees are responsible for a royalty fee of 8% of gross profits and a monthly maintenance fee of $150. The franchisee must also spend at least $1,000 for local promotional items within the first 90 days of opening the franchised business.
Franchisee Satisfaction
A critical component of the due diligence process is that you, as a prospective franchisee, have a strong sense of existing franchisee satisfaction. Click here to download a summary of a recent independent survey of Interface Financial Group, The - IFG 50/50's existing franchisees conducted by the Franchise Research Institute. Please note that, in order to ensure that the comments were candid (both good and bad), franchisee names were intentionally withheld from the report provided to the franchisor.
| Franchisor Responds in Timely Manner to Questions/Minor Problems | 97% |
|---|---|
| Overall Communication Between Home Office Personnel and Franchisees | 95% |
| Opening Support Supplied by Franchisor | 96% |
What You Get: Training and Support
Interface will provide a mandatory initial training program within six weeks of signing the franchise agreement. Training is split between the Interface corporate headquarters and your specific franchise location.
Territory
Interface doesn't grant exclusive territories as the franchise does not need to be in a specific location.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2013 FDD.
2013
Interface Financial Group is part of a trillion dollar industry and teaches franchisees how to be successful. Decades of experience in franchising give Interface the knowledge and expertise needed when venturing the world of franchising. Interface strives to give their clients control over their business and their lives through Interface's uniquely designed program.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2011 | 144 | 5.11% | 0 | -- | 144 | 5.11% |
| 2010 | 137 | 0.0% | 0 | -- | 137 | 0.0% |
| 2009 | 137 | -- | 0 | -- | 137 | -- |
Investment Required
The initial franchise fee for Interface Financial Group is $39,000. The Interface Financial Group provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Estimated Low Range | Estimated High Range |
|---|---|---|
| Initial Franchise Fee | $39,000 | $39,000 |
| Expenses While Traveling | $500 | $1,000 |
| Equipment | $800 | $1,300 |
| Initial Promotion | $1,000 | $1,000 |
| Additional Funds | $50,000 | $100,000 |
| Total Estimated Investment | $91,300 | $142,300 |
Ongoing Expenses
Franchisees are responsible for a royalty fee of 8% of gross profits and a monthly maintenance fee of $300. The franchisee must also spend at least $1,000 for local promotional items within the first 90 days of opening the franchised business.
Franchisee Satisfaction
A critical component of the due diligence process is that you, as a prospective franchisee, have a strong sense of existing franchisee satisfaction. The table below shows a brief summary of an independent survey of Interface Financial Group, The - IFG 50/50's existing franchisees conducted by the Franchise Research Institute in 2012. Please note that, in order to ensure that the comments were candid (both good and bad), franchisee names were intentionally withheld from the report provided to the franchisor.
| Overall Quality of Franchisor | 97% |
|---|---|
| Opening Support Supplied by the Franchisor | 97% |
| General Rating of Opportunity Provided by the Franchise System | 94% |
What You Get: Training and Support
Interface will provide a mandatory initial training program within six weeks of signing the franchise agreement. Training is split between the Interface corporate headquarters and your specific franchise location.
Territory
Interface doesn't grant exclusive territories as the franchise does not need to be in a specific location.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2012 FDD.
2012
Founded in 1972, The Interface Financial Group enjoyed almost immediate success and began offering franchises in 1990 to meet the growing demand for Interface's unique invoice discounting system. Interface now has over 150 franchised offices throughout the United States, Canada, Australia, New Zealand, Singapore, the United Kingdom and the Republic of Ireland.
Our international headquarters are located in Markham, Ontario, and our United States headquarters are located in Bethesda, Maryland. Entrepreneur Magazine, the recognized leader for franchise information, reviews and analyzes the 5000+ North American franchises on an annual basis, and then rates the Top 500 by category. For the past 7 years Interface has been in the Franchise 500 ranking. In 2010 Interface was in the Top 101 Homebased franchises ranking. Interface is also a World Class Franchise as classified by the Franchise Research Institute.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2010 | 137 | 0.0% | 0 | -- | 137 | 0.0% |
| 2009 | 137 | 6.2% | 0 | -- | 137 | 6.2% |
| 2008 | 129 | -- | 0 | -- | 129 | -- |
Investment Required
The initial franchise fee for an Interface Financial franchise is $39,000. Interface Financial provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $39,000 | $39,000 |
| Living and Travel Expenses for Training | $500 | $1,000 |
| Equipment | $800 | $13,000 |
| Initial Promotion | $1,000 | $1,000 |
| Additional Funds (3 months) | $50,000 | $100,000 |
| Total Investment | $91,300 | $142,300 |
Ongoing Expenses
Interface Financial franchisees pay a royalty fee equal to 8% of gross profits. Other on-going fees include a monthly maintenance fee, a training fee for transferees, and audits.
Franchisee Satisfaction
A critical component of the due diligence process is that you, as a prospective franchisee, have a strong sense of existing franchisee satisfaction. The table below shows a brief summary of an independent survey of Interface Financial Group, The - IFG 50/50's existing franchisees conducted by the Franchise Research Institute in 2011. Please note that, in order to ensure that the comments were candid (both good and bad), franchisee names were intentionally withheld from the report provided to the franchisor.
| Overall Quality of Franchisor | 97% |
|---|---|
| Opening Support Supplied by the Franchisor | 97% |
| General Rating of Opportunity Provided by the Franchise System | 94% |
What You Get: Training and Support
Interface Financial will loan a copy of the operating manual, and provide up to six days of training. Other key advantages include: No staff to hire, fire, or manage No storefront to own, lease, or maintain No Inventory or stock to purchase No extensive travel because IFG franchisees do business locally Business-to-Business, professional environment with regular business hours of operations Flexibility to relocate for part of the year or permanently and continue doing business
Territory
Interface Financial does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2011 FDD.
