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Wednesday
Apr282010

Scooter Planet Franchise

Scooter/recreational vehicle sales & rentals

Start-up Costs & Franchises Fees

What is the total cost to open a Scooter Planet Franchises?

Total Cost: $75,000 USD
Total Franchise Fees: $29,500
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $5K

Contact Information for Scooter Planet

Scooter Planet
2620 Regatta Dr., #102
Las Vegas, NV
89128

Phone Number: (702)869-0099
Fax Number: (702)446-6071

Franchise Homepage:

Historical Expansion

In what year did Scooter Planet begin operations? 2004
When did Scooter Planet begin selling franchises? 2004

Year United States Canada International Corporate
2004 2 0 0 1
2003 0 0 0 0
2002 0 0 0 0
2001 Not Available Not Available Not Available Not Available
2000 Not Available Not Available Not Available Not Available

Future Expansion

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): the SBA

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

0% of all franchise business owners own more than one franchise location.

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? Yes
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
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