ACTIONCOACH Franchising Information & Startup Cost
It was the first time business owners had the opportunity to gain access to tons of powerful, but relatively simple and quite affordable marketing, sales and team building strategies to help them transform their businesses. It’s no wonder so many entrepreneurs from across the world seek to know how much is an ActionCOACH franchise.
The company was established by Brown Sugars in 1993 and since then the company has been able to grow into a formidable franchise with offices in New Zealand, Canada, the United States, Mexico and some parts of Europe.
The company prides itself on the way their coaches make outstanding differences with the local communities, and with respect to larger businesses, the franchise opportunity is highly lucrative. You will be surprised to know that ActionCOACH operates on a fast track with some of their franchisees accruing revenues of up to $20,000 on a monthly basis, with net profits of about 70%.
HOW DOES ACTIONCOACH FRANCHISE WORK?
When you buy into an ActionCOACH franchise, your job will be to work in partnership with employees and small scale business owners and offer them guidance to improve in company’s performance and also be able to find balance between their lifestyle and work.
In the year 2013, ActionCOACH was the first franchise to receive the Smith & Henderson’s Five Star Franchisee Satisfaction Status and they were able to achieve same in 2014, 2015 and also in 2016.
The brand is also notable in the UK as they received the UK’s Best Mid-Priced Franchise at the RBS’s Franchise Awards in 2016.
WHY SHOULD I BUY AN ACTIONCOACH FRANCHISE?
Let’s consider the fact that you want to establish your own coaching business, then you had better ensure that the business has every chance of success. But why would you want to do it all by yourself, taking risks and facing all kinds of uncertainties? Well, as a smart entrepreneur, the best option is to go with the winners.
ActionCOACH have proven track records of success and as an ActionCOACH franchisee, you will be given a better chance of surviving the first few years in your business and not only that, your chances of success are maximised through proven systems to support you in every step along the way.
HOW MUCH IS AN ACTIONCOACH FRANCHISE?
The cost of an ActionCOACH franchise will be a summation of the initial investment of about $50,000 to $470,000 and your required net worth of about $100,000. You will also be expected to have liquid cash to the tune of $75,000.
WHAT IS THE INITIAL ACTIONCOACH FRANCHISE FEE?
As it is with most other franchises, you will be expected to make an initial ActionCOACH franchise fee of about $15,000 to $275,000 and then an on-going royalty fee of $1,950 to $2,600 on a monthly basis. An ad royalty fee of 5% of the monthly gross sales will also be payable to the company.
WHAT KIND OF TRAINING DO YOU NEED AS AN ACTIONCOACH FRANCHISEE?
When you buy into an action coach franchise, the company will provide you with the tools and knowledge that will assist you to dramatically improve the lives of your clients and their businesses. You will be empowered with a series of comprehensive training and support the moment your franchise agreement is completed.
Initially up to 4 weeks before training, you will exposed to a focused learning programme where you will be taught on how to get the best from the ActionCOACH Universtity actual training. The support team will work hand-in-hand with you to assist you in getting your business set up and ready to make money. You will also have the chance to meet with experienced ActionCOACH Franchise Partners and watch them in the delivery process of some of the products and services.
The ActionCOACH Universtity is where the proper training will hold and here, you will experience a training programme like no other. You will be presented with the opportunity to learn even more than you have ever thought possible and also participate in numerous events and exercises that will eventually have immense effect on your level of thinking and the results you will achieve in business.
DOES ACTIONCOAH OFFER ANY FORM OF FINANCIAL ASSISTANCE?
The ActionCOACH Company does not offer any form of financing. What you will get as a new franchisee is the linkage with 3rd party financiers that will assist you with funding to start your franchise business.
WHAT IS THE TERMS OF AGREEMENT AND RENEWAL?
The period of the franchise terms will depend on the package the franchisee is buying into:
- 5 years for the firm package
- 10 years for the professional package
- 5 years for the Practice Package.
- 8 years for the Premium Package
A franchisee is allowed to extend the terms after expiration if they are able to meet with the requirements for renewal.