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Below is an in-depth analysis and side-by-side comparison of Entrepreneur's Source vs FranchiseMart including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $92,450 - $100,750 | $105,000 - $110,000 |
Franchise Fee | $55,000 | N/A |
Royalty Fee | 25% | - |
Advertising Fee | $750/mo. | - |
Year Founded | 1984 | 2008 |
Year Franchised | 1997 | 2008 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | On-The-Job Training: 252 hours Classroom Training: 77 hours Additional Training: Ongoing virtual training, mentor | - |
Support | Newsletter Meetings/Conventions Online Support Field Operations Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
Operations |
Franchise can be run from home.
Absentee ownership allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | - |
International Expansion | Yes | - |
The Entrepreneur's Source, a franchise-consulting firm, was founded by Terry Powell in 1984. The company matches clients to franchise opportunities by conducting interviews, filling out profiles and assessing a client's goals, needs and expectations. The Entrepreneur's Source also educates clients on the basics of franchising and other business options. Clients pay nothing for their consultation; instead, The Entrepreneur's Source earns its income from the franchisors it recommends.
FranchiseMart is the first business of its kind to match people looking for franchise opportunities with franchise companies through a convenient retail location, much like having a local trade show set up permanently. Trends towards small business ownership and corporate downsizing are growing rapidly, and with that, so are franchises. As someone interested in owning their own business, you know first hand how difficult and costly it is to filter through all of the franchise opportunities and it's hard to know where to go to find the right fit...until FranchiseMart.