FULLY PROMOTED Franchising Information & Startup Cost
When you seek a franchise opportunity, you may be presented with a whole lot of options to choose from. They are all different, but each of them will give you that opportunity to be the boss of your own business, hire your own staff, set your own pace and take the business as far as you desire for it to go.
All these reasons stated above are why buying into a Fully Promoted Franchise is considered as one of the best franchise choices that you can make. Fully Promoted is one of the highest ranked franchises in the United States, according to different rankings. So what comes to mind now is how much is a Fully Promoted Franchise
FRANCHISE INFORMATION ABOUT FULLY PROMOTED
The parent company to Fully Promoted Franchise, Embroidme.com was established in the year 2000 by Ray Titus. The founder had initially founded Signarama. The company started selling franchise opportunities almost immediately after launch. In the year 2018, EmbroidMe changed the name and rebranded into Fully Promoted.
The company now offers marketing services as well as branded products and the company belongs to the United Franchise Group that is also the parent company to Signarama, SuperGreen Solutions, Transworld Business Advisors, Experimac, VentureX, Jon Smith Subs and paramount Tax.
IS FULLY PROMOTED A FRANCHISE
One may need to ask if Fully Promoted is a Franchise, yes the company can be considered a franchise as they sell franchise opportunities, which they have been doing since the year 2000 given them many years of franchise experience bothering on a highly performing franchise model.
WHY CHOOSE FULLY PROMOTED FRANCHISE
Fully Promoted is considered to be the largest retail embroidery franchise in the world and they are able to assist other business from across the world with their own promotional products. The company has about 300 resource centers all across the United States, Canada as well as Australia.
The company boasts of having solutions to meet their clients’ needs. Their stores are individually owned and are run by highly trained experts that understand the local community and the processes of promoting brand messaging in the local environment.
HOW MUCH DOES A FULLY PROMOTED FRANCHISE COST
The Fully Promoted Franchise cost will be the total investments that will be needed to start up a franchise unit with the company. The initial investment required to establish a franchise unit will vary within the range of $95, 000 and $250,000 with a net worth requirement of about $50,000 and a liquid cash requirement of about $50,000
FULLY PROMOTED FRANCHISE FEE
The Fully Promoted Franchise fee is the initial payment that needs to be made to the company in order to get the license to operate under the company’s brand identities. The franchise fee payment will only be valid for an agreed period of time, after which its renewable for another term. The initial franchise fee is $49,500 with an ongoing royalty fee of about 2 to 6% and an ad royalty fee of 1% of the monthly gross revenue of the franchise unit.
HOW MUCH DOES A FULLY PROMOTED FRANCHISE MAKE
The average income that a Fully Promoted Franchise owner will make will depend on a lot of factors ranging from the local area in which the franchise unit is situated, to the cost of labor in that environment. Another crucial factor that will determine the earnings of a franchisee will be the amount of effort he is able to contribute to the business.
TRAINING AND SUPPORT
When you buy into the Fully Promoted Franchise, you will be continually fed with the necessary supports that you will need to excel in the business. At the initial stage of your franchising experience, you will be trained for a period of 2 weeks intensively at the company’s head office in Florida.
You will thereafter get a one on one training session at your store to ensure that you are equipped with the necessary technicalities needed to run a successful Fully Promoted Franchise unit.
Ongoing support will also be given through conventions, regional meetings, leadership summits and through the educational portal over the internet.
Fully Promoted Franchise does not offer any kind of direct financing to their franchises. What you stand to benefit from the company is the partnership they have with 3rd party lenders who are ready to assist you with funds to start up your new franchise unit.
TERMS OF AGREEMENT
When you buy into Fully Promoted Franchise, you will be able to run with the company’s license for a period of 35 years. You have the option to renew that for another 35 years after the initial term has expired if you are able to meet up with the company’s requirements for renewal.
HOW TO OPEN A FULLY PROMOTED FRANCHISE
Through the course of this article, we have been able to enlighten you with the information on how to open a Fully Promoted Franchise. To complete your application, you will need to log onto the company’s website and fill in an application form.
Once the company receives your application, feedback will be given after some few days and if you are considered for a franchise opportunity, you will be assigned a franchise manager whose responsibility is to help you set up your new franchise unit.