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Below is an in-depth analysis and side-by-side comparison of Our Town America vs MyLoopCard including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $63,300 - $86,250 | $31,000 - $42,000 |
Franchise Fee | $47,500 | $29,500 |
Royalty Fee | 5% | $100-500/mo. |
Advertising Fee | up to 1% | - |
Year Founded | 1972 | 2007 |
Year Franchised | 2004 | 2009 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 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 | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: At designated location | ON-3 TRAINING - our training program is unmatched in golf marketing. It is comprised of 3 levels - on-line training in the initial stage, on-site training during the marketing phase, and on-going training during the development and growth stages of your business. |
Support | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform | We instruct, guide, and show our franchise owners how to sell MLC advertising and provide a comprehensive sales manual to follow that includes all the templates and contracts franchisee's will need. MEDIA KITS / PRICING STRATEGIES - we have designed and developed over the years a detailed media and pricing guide to present to potential advertsiers and we consult with our franchise owners on pricing strategies. OWNER SUPPORT PROGRAMS - we have created a user-friendly, pass-word protected intranet site for owners to access key documents and critical business information, in addition to an 800# help line for franchisee support. |
Marketing | Social media Email marketing Loyalty program/app | - |
Operations |
Franchise can be run from home.
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) Number of Employees Required to Run: 1 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Join Our Winning Team!
For almost a decade, Our Town America has been a growing franchise organization that is now in the top 50 list for franchisee satisfaction according to Franchise Business Review. At Our Town America, we build business relationships with the best small businesses in the country. A franchisee is a person or group of individuals that is part of the Our Town America family. Located throughout the United States, they operate as an extension of our corporate office. Their goals are parallel to ours: help new movers adjust and feel welcomed into their community, and help local businesses gain new loyal and long-term customers every month.