Proforma vs MyLoopCard Franchise Comparison

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

Start-Up Costs and Fees

 
Proforma Franchise
MyLoopCard Franchise
Investment $44,030 - $59,695$31,000 - $42,000
Franchise Fee $34,500$29,500
Royalty Fee 5-8%$100-500/mo.
Advertising Fee 0.25% -1%-
Year Founded 19782007
Year Franchised 19862009
Term Of Agreement -5 years
Term Of Agreement -5 years
Renewal Fee --


Business Experience Requirements

 
Proforma Franchise
MyLoopCard 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.

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Financing Options

 
Proforma Franchise
MyLoopCard 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

 
Proforma Franchise
MyLoopCard Franchise
Training

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

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 Ongoing Support Newsletter Meetings/Conventions Toll-Free Line Online Support 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 --
Operations Number of Employees Required to Run: 1-

Expansion Plans

 
Proforma Franchise
MyLoopCard Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion Yes-

Company Overviews

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

"Entrepreneur
#373 in Franchise 500 for 2020.

About MyLoopCard

Enjoy Golf? Have an interest in marketing and sales? Have a desire to own a home-based business that allows for more flexibility, family time, and fun? If so, you may be looking at the right business at the right time - for you! For many American's, owning a business is a part of the American dream. Finding an opportunity that not only fulfills that dream, but also allows you to be a part of a sport you are passionate about is, as they say, just about as good as it gets. The MyLoopCard franchise program offers a full array of services from helping you through the initial start-up phase to helping you complete your first scorecard to assisting you in building a substantial business of annual repeat customers. Here are a few of the benefits you would receive as a MyLoopCard franchise owner: BRAND NAME - MyLoopCard is the only golf marketing company that allows you to share and promote its trademarked brand name, thereby, helping you build a recognizable, national brand name for your business. TURN-KEY SYSTEMS - the founder of MyLoopCard, Chad Hanysh, spent over three years of trial and error in developing and fine-tuning the entire business system that saves you time, money, and headaches in eliminating the same mistakes he made during his business development days. FOUNDER-ASSISTED - reap the benefits of working directly with Chad in starting, developing, and growing your business. Chad knows this business like no one else and he will share his knowledge and expertise to help you shorten your learning curve as you enter this new arena and industry. MyLoopTracker.com - this is our exclusive sister website that makes our scorecard a one-of-a-kind in the golf world. It tracks everything a golfer wants to improve upon, and offers tips and advice to golfers of all abilities all across the globe. EXCLUSIVE TERRITORIES - each franchise owner will be awarded an exclusive territory with a certain number of golf courses to market and develop. PRODUCT DEVELOPMENT - today we offer the MyLoopCard golf scorecard and in the future we plan on offering more. The goal of MyLoopCard is to be a golf marketing company that offers a menu and selection of golf marketing products, programs, and ideas to golf courses throughout the United States.
YOUR NEXT STEP - for more information on owning a MyLoopCard franchise, please fill out the franchise inquiry form. You will receive our franchise packet that includes our 15-page franchise brochure and outlines our 8-step franchise discovery process for you to be fully educated on our business model before you make a decision of owning a MyLoopCard franchise.