Fastframe USA Franchise
Wednesday, May 12, 2010 at 06:12PM Personal design and quality picture framing services for the home or office
Started in Newcastle, England, the first American Fastframe store opened in Thousand Oaks, California, in 1986. Fastframe began franchising in 1987. Stores offer immediate turnaround using on-site custom framing. They can also locate hard-to-find or out-of-print pieces of art.
Start-up Costs & Franchises Fees
What is the total cost to open a Fastframe USA Franchises?
Total Cost: $105,800-$150,300
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 7.5%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: 25% of current fee
Contact Information for Fastframe USA
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Fastframe USA Inc. |
Toll Free: (800)333-3225 |
Historical Expansion
In what year did Fastframe USA begin operations? 1986
When did Fastframe USA begin selling franchises? 1987
Year United States Canada International Corporate 2005 317 0 10 2 2004 294 0 9 2 2003 247 0 8 9 2002 203 0 13 7 2001 190 0 13 11
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No Yes 3rd Party Financing Available? Financing Source(s): Franchise Finance (SBA) & conventional loans & leasing
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
31% 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. (99% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience
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