Around Town Community Magazine Franchise
Wednesday, April 28, 2010 at 04:20AM Direct-mail community magazine
Around Town Community Magazine, Inc. ("Around Town") began franchise operations in September 2002 in Woodstock, Georgia. Around Town franchises niche community magazines, each with a goal of "strengthening communities."
Around Town was founded by Gina Carr and Don Kyle. Gina has a BA from Georgia Tech in Industrial Engineering and an MBA from Harvard. Don has a BS in Accounting from Florida State University and also is a CPA. Together they started The TowneLaker magazine in June 1996 and Sixes Living magazine in June 2000. After many years of practice, they decided to franchise the niche community magazine concept through Around Town Community Magazine, Inc.
Start-up Costs & Franchises Fees
What is the total cost to open a Around Town Community Magazine Franchises?
Total Cost: $37,600-$54,800
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 5 years
Contact Information for Around Town Community Magazine
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Around Town Community Magazine Inc. |
Phone Number: (770)516-7105 |
Historical Expansion
In what year did Around Town Community Magazine begin operations? 1996
When did Around Town Community Magazine begin selling franchises? 2003
Year United States Canada International Corporate 2005 4 0 0 0 2004 4 0 0 2 2003 0 0 0 2 2002 Not Available Not Available Not Available 2 2001 Not Available Not Available Not Available 2
Future Expansion
United States: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
Meetings, Internet referrals, Field support and site evaluation
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.100% of all franchise business owners own more than one franchise location.
Number of employees needed to run franchised unit: 2
Absentee ownership of franchise is allowed. (100% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes