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Below is an in-depth analysis and side-by-side comparison of SOHO Hero vs XDP Express UK including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $175,000 - $190,000 | $70,000 - $80,000 |
Franchise Fee | $29,500 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | 2% | - |
Year Founded | 1997 | 1996 |
Year Franchised | 2000 | 0 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | - |
Support | - | XDP is committed to delivering the highest standards of on-going support to its franchisees. The XDP partnership succeeds due to the combined strengths of both the franchisor and franchisee. XDP will continue to seek out new business opportunities, whilst our franchisees continue to provide local service excellence. XDP has a regional support structure for all its members and this includes sales development and commercial advice. Because XDP is a growing franchise business - last years turnover was in excess of �15 million - it brings immediate business to new franchisees from day one. Every franchise area enjoys regular deliveries supplied by XDP. This 'Kick Start' is particularly valuable for new franchisees. The XDP support structure and network will ensure regular encouragement and ideas to help your business. On-going support will include help with sales promotion programmes and innovative marketing schemes, all designed around increasing your sales and profits. |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | - | - |
The SOHO HERO concept was launched when savvy young entrepreneur and
Atlanta resident, Chris Kouloukas, discovered that small office and home
office business professionals had no place to go for meetings and other
vital business services. As a result, the SOHO HERO Business and
Meeting Center concept was born, and today the company provides a
comprehensive resource for business owners and professionals who work
from home, telecommute or are in need of private, professional meeting,
work or conference rooms. SOHO HERO represents a new ‘world of work’
scenario that provides our Small Office, Home Office professionals, a
comprehensive suite of business services, professional meeting spaces,
wi-fi connections, and state-of-the-art video-teleconferencing. SOHO
HERO Business and Meeting Centers provide a complete menu of
presentation and communications tools and upscale meeting facilities for
the ‘new mom & pop shops’ that have embraced the electronic age and
understand the value of interactive business tools and opportunities.
We handle all of the business services needs that our customers would
normally be able to get if they worked in an office environment, but
don’t have access to since they are working from their homes.