Discovery Map International vs RetroTax Franchise Comparison

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

Start-Up Costs and Fees

 
Discovery Map International Franchise
RetroTax Franchise
Investment $35,950 - $45,950$33,450 - $46,000
Franchise Fee $25,000$30,000
Royalty Fee 10%-
Advertising Fee to1%-
Year Founded 1981-
Year Franchised 1993-
Term Of Agreement 10 years +5+5-
Term Of Agreement 10 years +5+5-
Renewal Fee --


Business Experience Requirements

 
Discovery Map International Franchise
RetroTax Franchise
Experience

Business and sales experience is certainly helpful, but a major key to the successful operation of a Discovery Map franchise is the personality of the Franchisee. Are you: * Goal oriented?

* People oriented?

* Organized and detail oriented?

* Adequately financed?

* Single-unit franchisees must live in proximity to the market area that they will service * Possess a minimum net worth of $150K, with $45K in liquidity * Strong interpersonal skills and/or sales experience at the C-level a strong plus

Financing Options

 
Discovery Map International Franchise
RetroTax Franchise
  In-House/3rd PartyIn-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

 
Discovery Map International Franchise
RetroTax Franchise
Training A crucial benefit of our Franchise Package is our exceptional Training Program. An initial 4 day comprehensive training session at our headquarters in Waitsfield, VT., and supplemental hands-on training in your map territory give you everything you need to run your new business successfully.Initial Training consists of a combined 40 hours of classroom and in-field training. You'll learn the features and benefits of various tax credit programs, become familiar with our internal operations, and train with experienced field personnel.
Support To ensure the success and growth of your operation, Resort Maps provides assistance with all aspects of running your business, including

Site selection research for the map location

Map drawing and design

Promotions to prospective advertisers

Ongoing public relations and new business development

Ongoing Support is provided to all franchisees. Our primary goal is to help you build your client base and become better every day, as a successful RetroTax franchisee.
Marketing --
Operations --

Expansion Plans

 
Discovery Map International Franchise
RetroTax Franchise
US Expansion Yes-
Canada Expansion Yes-
International Expansion Yes-

Company Overviews

About Discovery Map International

THE DISCOVERY MAP OPPORTUNITY
Discovery Map specializes in a unique advertising-based business system. The demand for our medium continues to rise steadily; by becoming a Discovery Maps Franchisee, you can be part of this exciting and rewarding advertising field. Right now opportunities await qualified individuals to develop single or multiple-map franchises in suitable locations in the United States, Canada, and the United Kingdom. We have over 125 successful maps and are growing faster than ever before.
 ENSURING THE BEST CHANCE FOR SUCCESS
Here are some Discovery Map franchise advantages:
* Complete start-up marketing package
* Comprehensive map design and publishing support
* Expert training and ongoing support in operating your business
* Experienced and dedicated corporate staff determined to help you succeed
* Personal and financial benefits of business ownership
* Freedom and flexibility to run the business from your home
* Careful pre-screening of the location by experienced professionals

* A proven record of success: over 125 established maps with 5% - 10% projected growth in 2013.

"Entrepreneur
#386 in Franchise 500 for 2020.

About RetroTax

Established in 1996, RetroTax® helps businesses navigate complex legislation associated with finding and securing federal and state tax credits. These tax credits can be based on geographic regions in which your business operates, or on the demographic characteristics of your employees. In addition to finding and acting upon current and retroactive program eligibility, RetroTax® helps businesses establish policies and practices to create greater opportunities for receiving additional tax credits in the future.
RetroTax is a full service administrator of federal and state incentive programs. These programs generate federal and state income tax credits that offset federal and state income tax liability. RetroTax uses a state-of-the-art proprietary software program to process your company's information to obtain federal and state tax credits.