Wednesday
Apr282010
Scooter Planet Franchise
Wednesday, April 28, 2010 at 11:11AM 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
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Scooter Planet |
Phone Number: (702)869-0099 |
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? 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
Jason Rager | Comments Off | 



