|
Below is an in-depth analysis and side-by-side comparison of MotoPhoto vs Visual Image including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $225,000 - $250,000 | $35,000 |
Franchise Fee | $35,000 | $23,000 |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1981 | - |
Year Franchised | 1982 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $1.75K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | Yes/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | - | - |
Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
The Visual Image goes on site to pre schools and pet shops and takes studio quality portraits. Because we specialize in the niche preschool/pet market, our photography is easy to do and fun to learn. The visual image is a member of the franchise top 500 ranking by Entrepreneur magazine. Because we go onsite to do our photography, we avoid the overhead and ledium of waiting all those hours for the customer to come to you! Take those days off that are uniquely important to you-birthdays anniversaries, fishing days-no one will know your gone!!! If you are going to the time, expense, and trouble to start your own business-why not make it one that is a unique reflection of you?