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Below is an in-depth analysis and side-by-side comparison of My Destination vs Groutsmith including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $20,000 - $50,000 | $27,300 - $34,400 |
Franchise Fee | N/A | $19,900 - $28,900 |
Royalty Fee | 500/month | Fixed |
Advertising Fee | - | - |
Year Founded | - | - |
Year Franchised | - | - |
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 | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | Yes | - |
At My Destination we pride ourselves on creating a franchise structure that is not only very supportive but also great fun to be a part of. In general we are in contact with our franchisees on a daily basis, helping each other to maximise the potential of each individual site as well as the mydestinationinfo.com network. We also see our franchise network as more of a partnership, each person bringing new things that all of us in the network can benefit from thanks to everyone's backgrounds and skills. By taking advantage of this we are able to continually improve and diversify the business in ways that an individual on their own could not do. My Destination is focused on providing websites that offer unrivalled levels of local information; everything a traveller could want to know and all in one place! Developed with the latest internet technologies to embrace the power of 'Social Media' and 'Visitor Interaction'...and combining these with online booking engines....each My Destination site brings the best of the internet to the destination. One of the most important factors that has lead to the overwhelming success of My Destination is the partnerships in each destination with local residents; individuals and organizations whom are passionate and enthusiastic about their destination and are well placed within the community to help promote all of the tourist companies in the destination to the thousands of potential tourists whom will use the site. If this sounds like an exciting opportunity to you then please contact us.
The Groutsmith could easily be described at the perfect business model! A home based business with low overhead, no selling, recession proof, and offering huge exclusive protected territories. It gets better: Groutsmith will provide you a detailed six year earnings statement in Item 19 of the FDD. THE OPPORTUNITY The Groutsmith Franchise is your opportunity for financial independence. With our Proven System, Products and Support and your effort and hard work, we have the winning formula. You can build a solid, respected business with incredible income potential. OUR UNIQUE AND PROVEN SYSTEM INCLUDES: * Exclusive Groutsmith Territory * 80 Hours Hands on Training * Comprehensive Start-up Package * Proprietary Groutsmith Professional Product Line * Proprietary Groutsmith Consumer Products * Vehicle Decal Package * Software Program * Proven Marketing System * Personal Intranet Page on our Extensive Site * Technical Support OTHER UNIQUE BENEFITS: * Modest Fixed Monthly Royalty * Passive Income Benefits from Consumer Purchases * Niche Business/Employees Optional THE GROUTSMITH CANDIDATE No experience required. Groutsmith is looking for people who are self-starters with a solid work history, good work ethic and strong people skills. This business could be a fit for most candidates, whether it is a hands-on individual who wants to do the work himself, or a manager who wants to hire others to do the actual service. POINTS OF DISCUSSION * Low start-up costs * Home based business * Verifiable income * Protected territories (at least 125,000 owner-occupied households) * Fixed Royalties * Income from services and products * Great hours (Mon-Fri, 8:00 - 5:00) * Call Center makes demo/estimate appointments * Proven marketing system * Two weeks training * No selling! Advertising provides leads to Call Center, Call Center sets appointments.