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Updated RecentlyEmpire Business Brokers vs InnoDraw Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Empire Business Brokers vs InnoDraw including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $25,000 - $30,000 | $7,500 |
| Franchise Fee | $24,900 | N/A |
| Royalty Fee | $400/month or 5% | - |
| Advertising Fee | $100/month or 1% | - |
| Year Founded | - | 2009 |
| Year Franchised | - | 2012 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | At EMPIRE Business Brokers we have defined very clear policies in order to award Franchises and maximize the possibilities for success of an EMPIRE Office.
We actively seek people and offices with the following characteristics:
FRANCHISEE PROFILE
The profile of the Franchisee / Operator that has been established for EMPIRE Business Brokers is as follows:
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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 | Our Comprehensive 5 day (5 FULL DAYS!) Training Program is designed to make you a successful business broker right from the first day you open. Here are some of the subjects we cover: * Appraising the fair market value of a business. * Establishing the price. * Procuring buyers and sellers. * The techniques of successfully selling a business. * Preparation of purchase contracts. * Escrow procedures. * Advertising businesses for sale. * Evaluating financial statements. * How to set up and operate your own office. * The psychology of successful business brokerage. * Hiring and Training a salesperson. * Office policies and procedures. * Applicable accounting principals. * Legal techniques and relevant terminology. * Understanding and using the appropriate forms. Advertising - general, marketing, newspaper, magazines. * and much more! Our training facility is located in our Corporate Headquarters in Buffalo, N.Y. We do have an optional training program that we will conduct in your home city for an additional fee to help defray our travel costs. EMPIRE Business Brokers will train new agents from your office as your office continues to prosper and grow. This training is provided free of charge at our Buffalo Headquarters. You will continue to sharpen your skills by consulting with our highly trained staff. Our annual National Convention provides additional training through seminars & lectures. | - |
| Support | Through or web site: * Generation of potential Buyers and Sellers leads for each EMPIRE office. * Promotion of the listings of a franchised Office with the entire EMPIRE network. * Communication to the entire EMPIRE network of new listings. * Lists of authorized service providers. * Calendar of events. * Electronic chalkboard for communication within Offices. * Access to advertising and public relations material. * Information of events and statistics generated by the EMPIRE network. * Access to informative and promotional materials of listed franchises. Additionally we carry out other activities that are standard to any Franchising System such as: * Pre-opening program. * Continuous operative assistance. * Personnel training and updates on the system. * Development and updating of Operative Manuals. * Development and updating of Corporate Image. * Operative and administrative innovations. * Creation and development of marketing and advertising activities. * Production and broadcasting of press releases. * Creation and operation of promotional seminars. * Counseling and supervision visits to offices. * Organization of Franchising conventions. * Legal assistance. * Financial assistance. With all these services, EMPIRE supplies its franchise network with all the necessary tools to generate business, operate efficiently and continue to be the undisputed leader in the business brokerage sector. | - |
| Marketing | EMPIRE Business Brokers is a franchising corporation specialized in Business Brokerage, whose main objective is to provide services that translate into tangible benefits for the investment initiatives, expansion strategies and financing of projects of Buyers, Sellers, Investors, Entrepreneurs and Franchises. EMPIRE Business Brokers has a varied array of materials that assist its Franchisees in establishing a rapid presence in their markets, and increase sales every month. Some of these are: * Website with auto-editable solutions to incorporate and edit listings of businesses and franchises. * Designs for Newspaper Ads. * Brochures. * Materials for Seminars. * Press Releases. * Telemarketing scripts. * E-mail marketing scripts. * Designs for promotional stands. * Business cards and stationary formats. Additionally, EMPIRE continuously carries out marketing activities in order to increase its business listings, franchises and buyers. Some of these activities are: * Registry of the businesses we handle in our web site. * Promotion of our web site in the most important search engines. * Ads in local Newspapers. * Ads in Specialized Magazines. * Participation in Franchise Fairs. * Creation and broadcasting of electronic bulletins to our data base. * Telemarketing. * Seminars specializing in Business Brokerage and Franchising. * Participation in Entrepreneurial Chambers and Associations. * Public Relations activities with the media. * Individual presentations to buyers, business owners and franchises in our offices. As if this wasn't enough, the EMPIRE Offices have the backing of a worldwide network of Brokers, with which they continuously exchange buyers, business and franchise prospects. | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
About Empire Business Brokers
About InnoDraw
INNODRAW's technology is based on several components.
1. Measuring laser range
The basis of the hardware system is a laser-based rangefinder. The device sends laser signals to objects (walls, outlets, windows, etc.) and according to the signal returned it calculates the distance from the device to the object. In addition, a direction measuring device is connected to the system which reports to the computer the exact angle at which the laser rangefinder is set.
2. Digital Mapping
By clicking on the measuring button, data about the distance and angle of the object to be measured is obtained. This data is processed on the computer and the calculation result determines exactly where the object is in space. Further to the measuring process, when data of other objects are added, an accurate map of the area is created on the computer.
Calculations - The system allows different types of measuring. For example, a straight wall - in this case, the surveyor aims at two random dots and the system calculates the straight line which is the wall, based on a formula. A curved wall - the surveyor aims at several points along the wall and the system calculates the "curvature" of the wall and builds a collection of points along the wall - which is an accurate estimate of the curvature of the wall.
Measurement Verification - The system allows the surveyor to verify the accuracy of the measuring by making "check and verification measurements" where the computer - according to the calculated internal map - validates the data of the verification checks
3. Friendly interface
The surveyor has many drawing tools at his disposal activated by screen touch. During the regular measuring process, the surveyor does not need to give any instructions to the computer. All he needs to do is to aim the laser beam and "scan" the walls clockwise or counterclockwise. The computer - automatically - follows the laser beam position and completes the mappings by itself. Once mapping is finished, the surveyor can use the many tools at his disposal to add relevant information to complete the overall picture.
4. Software
At the end of the process, the software connects all the data into a perfect electronic drawing in INNODRAW's unique format - called ELC.
5. The Internet
Upon completion of the measurement, the surveyor transmits the drawing by pushing a button on the INNODRAW server. The measuring information is automatically registered on the server. In addition, in coordination with the client, the server converts the drawing format to the specific format required by the client's, such as PDF, DXF, DWG, ORD, etc. The drawing in its final format is sent to the client to the addresses programmed on the server, including the sales manager, the designer, the production manager, etc. In addition, an email is sent to the client advising him that the measuring has been carried out and is available to the client at the site opened for him by INNODRAW.