Office Evolution vs Canyon Leasing Franchise Comparison

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

Start-Up Costs and Fees

 
Office Evolution Franchise
Canyon Leasing Franchise
Investment $60,825 - $1,485,150$19,500 - $23,500
Franchise Fee $45,000N/A
Royalty Fee 7.5%-
Advertising Fee 3%-
Year Founded 2003-
Year Franchised 2013-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Office Evolution Franchise
Canyon Leasing Franchise
Experience Franchisees must enjoy contributing to the success of their small business clients and fostering an environment that's positive, collaborative and supports that goal. The preferred candidate will be able to demonstrate a strong financial standing, sufficient liquidity and the resources necessary to develop a location/territory. To be considered for an Office Evolution franchise, you must meet the following requirements: *Have at least $150,000 in cash or liquid assets and total net worth of $300,000 *Provide $35,000 franchise fee per location -

Financing Options

 
Office Evolution Franchise
Canyon Leasing Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/Yes-/-
Payroll -/Yes-/-

Training & Support

 
Office Evolution Franchise
Canyon Leasing Franchise
Training We offer training updates for your staff On-The-Job Training: 15 hours Classroom Training: 25 hours Course Outline Your Company: *Creating and committing to a plan. *Checklist and information on structure *Foundation - the necessary support tools *Location and working environment Leasing: *Industry Knowledge *Uses of leasing *Competition *Various forms of leases *Lease vs. Purchase *HP Calculator Training Sales and Marketing: * Devising a sales and marketing plan * Sales promoting * Developing vendor and end user relationships Credit: * Financial statement analysis * Credit reporting and scoring Funding: * Documentation * Sources * Procedures
Support Office Evolution has established an expert support team that has developed the operational processes, experience and marketing that has built our concept to what it is today. Not only will you receive start-up support for the important aspects of the business including technology, phone systems, and real estate, you will continue to receive support after you open. We will hold regular conferences to provide updated tools and ideas, offer training updates for your staff and share new developments and experiences from other franchisees in other markets. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing -
Operations Absentee Ownership Allowed Number of Employees Required to Run: 1 -

Expansion Plans

 
Office Evolution Franchise
Canyon Leasing Franchise
US Expansion Yes-
Canada Expansion Yes-
International Expansion --

Company Overviews

About Office Evolution

Exciting Growth Opportunities Ahead for Business Services

Founded in 2003, Office Evolution has always approached private office space and virtual office space markets from a unique, entrepreneurial perspective. Our determination to offer sole proprietors and small businesses real business solutions has turned the idea of expensive executive offices and impersonal virtual office and co-working spaces on its head. Our efforts have resulted in a growing number of business centers located in key metro areas throughout the United States.

More and more people are seeking self-employment as an alternative to a possibly fickle and often frustrating corporate reality. Self-employment rates have been growing at an average of 4.5 percent annually most of this decade, adding roughly 1 million people per year, and across the country, enrollment in entrepreneurship programs at universities is booming, according to a recent Entreprenuer.com article by Jason Daley. With the advent of mobile computing and cloud technology, the opportunities for entrepreneurs are exploding. They no longer need an office, staff and equipment to get started in business and the cost of entry can be very low.
The best strategy is to stay flexible, keep things simple and focus on their business: a virtual office could be the perfect solution!

The total investment necessary to begin operation of an Office Evolution franchised business is between $286,825 and $1,485,150. This includes $63,324 to $65,150 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of an Office Evolution acquisition business is between $133,325 and $990,150. This includes $63,325 to $65,150 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of an Office Evolution conversion business is between $60,825 and $590,150. This includes $18,325 to $590,150 that must be paid to the franchisor or its affiliate(s).

#267 in Franchise 500 for 2020.




About Canyon Leasing

There are numerous benefits to becoming a Leasing Professional by training with Canyon: 1. Low Investment: Canyon Leasing makes it affordable to become your own boss. Unlike other companies who charge an exorbitant amount, Canyon Leasing offers training and support for a low investment of $19,500. You may choose to maintain a low overhead and work from home or a small office. Marketing is your only other cost, and it is totally controlled by you. With the exception of a computer, a phone and a fax, there is very little needed to open your lease broker business, no special equipment, no inventory, no shipping costs, no warehousing costs, and no employees. 2. Proven Marketing Strategy: You will work in a professional business environment assisting decision makers to finance the acquisition of equipment using equipment leasing. You will learn Canyon's proven marketing strategies developed over 25 years of growing successful businesses. 3. Canyon Leasing Training and Support: Canyon Leasing is a team of marketing specialists who have developed a meticulous and in-depth start-up training program. You will also become part of Canyon's formalized Coaching Program that will become an important part of your future success.