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Updated RecentlyOffice Evolution vs Murphy Business Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Office Evolution vs Murphy Business including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $60,825 - $1,485,150 | $62,350 - $123,735 |
| Franchise Fee | $45,000 | $39,000 - $55,000 |
| Royalty Fee | 7.5% | 10% |
| Advertising Fee | 3% | - |
| Year Founded | 2003 | 1994 |
| Year Franchised | 2013 | 2006 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| 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 | The ideal candidate is 35 - 65 years old and meets most of the following criteria: - Is a former business owner - Is a former business buyer - Holds or has held a management level position - Wants to control his or her own destiny - Is self-confident and likes working with people to help them achieve their dreams and goals You don't need business broker experience. We will train you and provide you with the tools you need. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/Yes |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
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| Training | We offer training updates for your staff On-The-Job Training: 15 hours Classroom Training: 25 hours | On-The-Job Training: Mentoring Classroom Training: 92 hours |
| 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 | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing | Ad Templates National Media Regional Advertising Social media Website development Email marketing |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 1 | *Franchise can be run from home *Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | Yes |
| International Expansion | - | - |
Company Overviews
About Office Evolution
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.
About Murphy Business
Murphy Business and Financial Corporation gives the new or experienced business representative with the bolster required to fabricate a fruitful business financier firm on a few fronts:
*Assist customers in the possession exchange of secretly held little to medium estimated organizations
*Working with purchasers to purchase a business
*Helping purchasers to buy another establishment business
*Providing current entrepreneurs with business valuations of their business or assess their apparatus and gear
*Assist bigger organizations with mergers and acquisitions (these organizations regularly have incomes in overabundance of $5 million)
*Provide customers with business land financier, renting, property administration and inquiry administrations.
Being a Murphy business representative is about being ready to go for yourself, not without anyone else's input. While you may work in one or the greater part of the above regions, our corporate and provincial office staff is accessible to help you in giving an entire scope of administrations for our customers.
Murphy's inventive sovereignty structure guarantees that the main part of the commission remains with you and your specialists, making the wage potential one of the most elevated in the business.
With Murphy's times of involvement in the field, you will have the bolster you have to determine issues and close business, furnishing you with income from different sources.
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