The Visual Image Franchise
Sunday, April 25, 2010 at 06:46PM Preschool and pet photography
Paul Holman founded Visual Image in 1984 after leaving his job as a photographer with a small portrait company. Intent on building a business that would give him the creative freedom he wanted, Paul joined forces with his brother, Donald, and formed the Visual Image Inc. franchise company in 1994. The private company has more than 17 locations throughout the United States and is based in Maryville, Tennessee.
Start-up Costs & Franchises Fees
What is the total cost to open a The Visual Image Franchises?
Total Cost: $37,300-$37,500
Total Franchise Fees: $23,500
Ongoing Royalty Fees: 0
Ongoing Advertising Fees:
Term of Agreement: 3 years
Franchise Agreement Renewal Fee: $2K
Contact Information for The Visual Image
|
The Visual Image Inc. |
Toll Free: (800)344-0323 |
Historical Expansion
In what year did The Visual Image begin operations? 1984
When did The Visual Image begin selling franchises? 1994
Year United States Canada International Corporate 2005 21 0 0 1 2004 19 0 0 2 2003 17 0 0 3 2002 17 0 0 3 2001 17 0 0 3
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No No Plant, Property, and Equipment Yes No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Internet referrals, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, Regional advertising support
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.20% of all franchise business owners own more than one franchise location.
Number of employees needed to run franchised unit: 1 - 2
Absentee ownership of franchise is allowed. (90% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience People skills; sales skills
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