Wednesday
Jun022010
My City Daily Franchise
Local daily newsletter
Start-up Costs & Franchises Fees
What is the total cost to open a My City Daily Franchises?
Total Cost: $74,200
Total Franchise Fees: $22,900
Ongoing Royalty Fees: 0
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Contact Information for My City Daily
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My City Daily |
Phone Number: (201)567-8500 |
Historical Expansion
In what year did My City Daily begin operations? 2006
When did My City Daily begin selling franchises? 2006
Year United States Canada International Corporate 2007 3 0 0 1
Future Expansion
United States: Nationwide
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
Training
* Available at headquarters: 4 days
* At franchisee's location: 3 days
Franchise Operation Restrictions
* Franchise can be run from home* 0% of all franchise business owners own more than one franchise location.
* Number of employees needed to run franchised unit: 1 - 1
* Absentee ownership of this franchise business is not available to new franchisees. (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