Q: How much money do I need to start?
It depends on the territory, but it starts with as little as $15,000 but can go above to $1,000,000 for already developed business>
Q: How long do I need to wait for the first income and profit?
It depends on the area and the season (the training industry is seasonal) where it can take up to 3 months to generate your first income - so far all of our franchisees have generated revenue within the first 2 months. Usually it takes up to a year before the break-even point.
Q: What are the fix annual costs of running a small franchise?
For example, an annual cost of a small franchise would be as follows:
- Minimum Fee to the Franchisor per year: $5,000
- Training Coordinators, Sales, Assistants: $50,000
- Accountants, travel, etc... $20,000
Total: $75,000 USD
Note that there might be other expenses related to your specific area.