Single Territory - Area Development
Franchise Fee ..... $25,000
Upon your acceptance as a new 1-800-905-GEEK franchisee, your training begins immediately with receipt of the startup program, which is followed by one of the most extensive training programs in the industry. You will learn the 1-800-905-GEEK system and benefit from our experience in developing successful on-site computer service businesses.
Advertising ..... Initial: $15,000
Ongoing ..... $275 per week
A key element in the successful development of your business is aggressive, ongoing advertising, which begins with your initial advertising investment.
Initial Supplies ..... $3,000 - $5,000
Recommended opening inventory includes supplies, equipment, uniforms, marketing materials, and other printed materials necessary to operate your business.
Working Capital .....$16,000 (typical)
Recommended working-capital requirements vary from area to area and include vehicle purchase/lease deposits, licenses and permits, insurance, training expenses, and additional funds.
Financing Assistance:
If you request, we may assist you in securing financing. We will work directly with lenders to help secure the financing. Lenders approve or disapprove loans based on your creditworthiness, on your ability to provide the initial cash investment (typically 30% of the total project cost), and on other factors.
Royalty (ongoing):
1-800-905-GEEK provides its franchisees with ongoing support: a national call center; toll-free technical and operational support; regional and national meetings; field visits; franchise-support staff; newsletters; workshops; and more. To fund these activities, 11% of your gross service revenues are paid weekly (with no minimum).
Multi Territory - Area Development
Franchise & Development Fees
Territory 1 - 2....$ 25,000 each
Territories 3 - 5....$ 21,000 each additional
Territories 6+....$ 19,000 each additional
Advertising.... Initial: $15,000
Ongoing: $275 per week
(Per Territory)
A key element in the successful development of your business is aggressive, ongoing advertising, which begins with your initial advertising investment.
Initial Supplies.... Initial: $3,000 - $5,000
(Per Territory)
Recommended opening inventory includes supplies, equipment, uniforms, marketing materials, and other printed materials necessary to operate your business.
Working Capital.... $16,000 (Typical)
(Per Territory)
Recommended working-capital requirements vary from area to area and include vehicle purchase/lease deposits, licenses and permits, insurance, training expenses, and additional funds.
FIVE TERRITORY EXAMPLE:
Franchise and Development Fees....$ 113,000
Advertising Fee....$ 75,000
Initial Supplies....$ 15,000
Working Capital....$ 77,500
Total Project Cost....$ 280,500
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Out-of-pocket cash investment: $ 84,150
Royalty (Ongoing)
1-800-905-GEEK provides its franchisees with ongoing support: a national call center; toll-free technical and operational support; regional and national meetings; field visits; franchise-support staff; newsletters; workshops; and more. To fund these activities, 11% of your gross service revenues are paid weekly (with no minimum).
This information does not constitute an offer or sale of a 1-800-905-GEEK franchise. Each potential franchisee should independently evaluate the opportunity that a 1-800-905-GEEK business provides with the appropriate advice from your business consultants, attorneys and accountants. This information is not provided as an offering of a franchise but as background information appropriate for you to consider investing and developing a 1-800-905-GEEK business. The offer of a 1-800-905-GEEK franchise is by prospectus only.
Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction.
