Foot Solutions Franchise
Sunday, January 31, 2010 at 12:42PM Customized insoles & specialty shoes
Foot Solutions provides a much needed service to the rapidly growing percentage of people who experience sore and tired feet. We specialize in computer foot scanning to make custom insoles and orthotics. This advanced technology ensures a perfect fit, enabling total comfort and maximum performance.
Start-up Costs & Franchises Fees
What is the total cost to open a Foot Solutions Franchises?
Total Cost: $195,700-$236,300
Total Franchise Fees: $27,500
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Franchise Agreement Renewal Fee: 10% of current franchise fee
Contact Information for Foot Solutions
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Foot Solutions Inc. |
Phone Number: (770)955-0099 |
Foot Solutions In the Press
No results at this time.Historical Expansion
In what year did Foot Solutions begin operations? 2000
When did Foot Solutions begin selling franchises? 2000
Year United States Canada International Corporate 2005 150 8 1 1 2004 115 13 1 1 2003 64 10 0 0 2002 37 4 0 0 2001 16 2 0 0
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No
Training & Support
Training
Ongoing
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
International franchise business owners required to buy multiple units/master licenses; 0% 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. (80% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
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