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Below is an in-depth analysis and side-by-side comparison of John Casablancas Modeling & Career Centers vs FranNet including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $138,845 - $343,567 | $49,175 - $87,325 |
Franchise Fee | $40,000 - $50,000 | $15,000 - $35,000 |
Royalty Fee | 7% | 10% - 30% |
Advertising Fee | 3% | 1.5K/Qtr |
Year Founded | 1979 | 1987 |
Year Franchised | 1979 | 2006 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Ongoing field visits | On-The-Job Training: 5 days Classroom Training: 5 days |
Support | Internet | Ongoing Support Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations |
Marketing | Co-op advertising, National media | Co-op Advertising National Media |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 7
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |