Franchise Information

Franchise Information
Franchising is one of the most exciting and explosive growth industries in the world today. More and more industries have come to embrace and utilize franchising as a means to expand their companies. Each business day a new franchise operation opens in the US every 8 minutes!
The traditional franchise offering consists of a fixed location business that typically is related to food. As the amount of franchise information and the value of franchising has spread, other businesses have maximized their growth potential through franchising. For example, more companies in the past year have franchised who do not have a fixed location business. The franchise model is territory based and the franchisee many times works from their home. The advantages of franchising remain the same, vested owner operator, leverages system, brand equity, economies of scale, they all still hold true regardless of the model.
Franchise information is available everywhere today, it is rare that any American goes through a regular day without shopping or stepping foot in a franchised business, they are everywhere! The franchise industry has become a part of our everyday lives, and now that more and more of the world is becoming globalized, franchising is spreading to new countries and new areas of the globe.
More and more venues have become available for people, buyers, investors and franchise developers to access franchise information. The Internet clearly is the weapon of choice. Over 70% of franchise buyers access their initial searches for franchise information over the web. Trade Shows can also be extremely effective ways to discover and evaluate franchisors on the market. There are also several industry guides that provide information on the market, industry growth and specific franchise companies.
When franchisees commit to a franchise, they will want as many details as possible before committing their future to a new business endeavor. That being said, providing franchise information to a prospective franchisee is a delicate process in that the presentation must be professional and honest, it must clearly paint the picture of the business, the potential for the industry and the franchisees responsibilities once they open the operation. There are guidelines and rules that dictate how franchise information can be presented and in what format. The best franchise systems in the world are the ones that are the most forthcoming and disclose the facts up front.

www.francorp.com

Franchise Information - Choice Hotels

CHOICE HOTELS is the leading hotel franchisor with more than 60 years' experience in developing brands and services that optimize hotel performance. Our single focus is on enhancing the return on investment for our owners and growing our brands strategically. Brands include COMFORT INN, COMFORT SUITES, QUALITY, SLEEP INN, CLARION, MAINSTAY SUITES, ECONO LODGE, and RODEWAY INN, and our new boutique brand extension, CLARION COLLECTION. Either convert an existing location or build a new one.

Franchisor Background
Year Established: 1940
Franchising Since: 1940

Franchised Units:
5,300

Company-Owned Units:
0

Geographic Distribution:
U.S.:
3,636
75.6%
In 50 States
Canada:
260
5.4%
In 10 Canadian Provinces
International:
914
19%
In 0 Foreign Countries

Total:
4,810
100.0%

North America:States/Provinces with the largest number of operating units:
Density
Units
1. California 251
2. Florida 205
3. Texas 258

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:
$Varies
Cash Investment:
$20-30% Costs
Total Investment:
$2.3-12.6M
Average Total Investment:
$7450K

Fees:
Initial Franchise Fee:
$25-50K
Average Franchise Fee:
$38K
On-Going Royalty:
2.75-5.1%
Average Royalty:
4%
Advertising Fee:
1.75% Rev.
Average Number of Employees: Varies Full-time, 0 Part-time

Space Needs (in square footage): 31,000-33,000

Preferred Sites: Free-standing Building

Franchise Information

Fred Astaire Dance Studios is a Successful franchise chain teaching dance skills to enthusiastic students. Here is an overview of the franchise chain.

FRED ASTAIRE DANCE STUDIOS (FADS) provides its franchised community with a 50+ year tradition that gives the individual franchisee worldwide name recognition identified with dance excellence unsurpassed in its industry. The original teaching methods of the great Fred Astaire are still in place today at the company that proudly bears his name. FADS provides its franchisees with extensive business and dance training, and ensures that its franchises operate under the strictest code of ethics.

Franchisor Background
Year Established: 1947
Franchising Since: 1950

Franchised Units:
100

Company-Owned Units:
0

Total Operating Units:
100
100.0%

Geographic Distribution:
U.S.:
97
97%

Canada:
3
3%

North America:States/Provinces with the largest number of operating units:
Density
Units
1. Florida 16
2. New York 13
3. Ohio 12

Registered in Following Registration States: California, Florida, Maryland, Minnesota, New York, Oregon, Rhode Island, Virginia, Wisconsin Financial Requirements

Investment:
Minimum Net Worth:
$150K
Cash Investment:
$125K
Total Investment:
$138.5-357K
Average Total Investment:
$248K

Fees:
Initial Franchise Fee:
$15-35K
Average Franchise Fee:
$25K
On-Going Royalty:
7-8%
Average Royalty:
8%
Advertising Fee:
0.2%/$25Min

Average Number of Employees: 10 Full-time, 0 Part-timeSpace Needs (in square footage): 2,500 Min.
Preferred Sites: Free-standing Building, Strip Center

http://www.francorp.com/