|
Below is an in-depth analysis and side-by-side comparison of Apex Fun Run vs NextGen Great Sealcoating including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $81,500 - $104,200 | $72,850 - $179,100 |
Franchise Fee | $49,500 | $15,000 |
Royalty Fee | 8% | 7.5% |
Advertising Fee | - | 1% |
Year Founded | 2011 | 2005 |
Year Franchised | 2012 | 2018 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/Yes |
Start-up Costs | -/Yes | -/Yes |
Equipment | -/Yes | Yes/- |
Inventory | Yes/- | Yes/- |
Receivables | -/Yes | -/No |
Payroll | -/Yes | -/Yes |
Training & Support |
||
Training | On-The-Job Training: 24 hours Classroom Training: 40 hours | On-The-Job Training: 33 hours Classroom Training: 10.5 hours |
Support | Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | Ongoing Support Purchasing Co-ops Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Social media Email marketing | Co-op Advertising Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | Number of Employees Required to Run: 3 | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | - | - |