PartSource vs Proforma Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of PartSource vs Proforma including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
PartSource Franchise
Proforma Franchise
Investment $50,000$44,030 - $59,695
Franchise Fee $30,000$34,500
Royalty Fee -5-8%
Advertising Fee -0.25% -1%
Year Founded 19961978
Year Franchised -1986
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
PartSource Franchise
Proforma Franchise
Experience -

Proforma is seeking individuals with good marketing, relationship building and sales skills. Industry knowledge or background is not necessary as product knowledge is taught during our training program.


Financing Options
 
PartSource Franchise
Proforma Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/-No/Yes
Start-up Costs -/-No/No
Equipment -/-No/No
Inventory -/-No/No
Receivables -/-Yes/No
Payroll -/-No/No

Training & Support
 
PartSource Franchise
Proforma Franchise
Training $10k + GST

Proforma Franchise Owners are provided with comprehensive training, proven marketing and sales techniques, and business development tools at Proforma's Success University, in an excellent week-long training program at the Worldwide Support Center in Cleveland, Ohio. Classroom Training: 25 hours Additional Training: At regional/annual convention

Support -Ongoing Support Newsletter Meetings/Conventions Toll-Free Line Online Support Proprietary Software Franchisee Intranet Platform
Marketing --
Operations -Number of Employees Required to Run: 1

Expansion Plans
 
PartSource Franchise
Proforma Franchise
US Expansion -Yes
Canada Expansion NoNo
International Expansion NoYes

Company Overviews

About PartSource

Our mission is to be the most recommended auto parts specialty store in Canada. We service do-it-yourselfers and professional commercial installers. We supply nationally branded parts. We provide training and ongoing professional support. PartSource, the newest venture of Canadian Tire. Come grow with us.

About Proforma

Gregory P. Muzzillo founded Proforma in 1978 with a college friend. Within one year, the business they started with $200 saw its sales grow to $250,000 and their clients expand to over 300. By 1982, sales reached $1 million and Proforma was named in successive years to Inc. Magazine's 500 Fastest Growing Companies - the only company in the business forms industry to make the list twice. To continue Proforma's rapid growth, Muzzillo looked to alternate routes. In 1986, he developed the Proforma franchise model - a network of independent distributors working together to build marketing clout and strong supplier relationships. This model proved successful, as Proforma, now in its fourth decade, has grown to nearly $400 million in sales. Proforma is the leading franchise opportunity in the $200 billion Print and Promotional Products industry. Proforma is a great opportunity for individuals who are looking for a professional opportunity to sell in a business-to-business environment. Our Franchises can be operated from a home-based office and no inventory, equipment, or retail storefront is required.

The total investment necessary to begin operation of a Start-Up Proforma franchise is from $44,030 to $59,695. This includes a $39,000 initial fee that must be paid to the franchisor or its affiliate.
The total investment necessary to begin operation of a Relevant Industry Experience Proforma franchise is from $5,030 to $20,695. This includes no ($0) initial fee that must be paid to the franchisor or its affiliate.
The total investment necessary to begin operation of a Conversion Proforma franchise is from $5,030 to $20,695. This includes no ($0) initial fee that must be paid to the franchisor or its affiliate.
Veteran Incentives  Franchise fee waived

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