Heel Quik! Franchise
Monday, April 26, 2010 at 11:44PM Shoe repair, clothing alterations & misc. services
Start-up Costs & Franchises Fees
What is the total cost to open a Heel Quik! Franchises?
Total Cost: $45,000 USD -$95,000 USD
Total Franchise Fees: $15,500-$17,500
Ongoing Royalty Fees: 4%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Contact Information for Heel Quik!
|
Heel Quik! Inc. |
Phone Number: (770)951-9440 |
Historical Expansion
In what year did Heel Quik! begin operations? 1984
When did Heel Quik! begin selling franchises? 1985
Year United States Canada International Corporate 2004 53 0 663 0 2003 53 0 663 0 2002 95 0 640 0 2001 151 1 565 0 2000 150 1 565 0
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,
Countries of Interest:
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 No Payroll No No 3rd Party Financing Available? Financing Source(s): Pacific Funding, 1st Sierra Financial
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
Ad slicks, Regional advertising support
Franchise Operation Restrictions
20% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 1 - 4
Absentee ownership of franchise is allowed. (90% 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