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How much will the Welcomemat franchise investment cost me?
The estimated required investment for a single, home-based franchise unit ranges between $49,900 and $77,050; this amount includes the franchise fee of $35,000. As with any new business venture, itâ€™s important that you have the capital needed to adequately fund your new business.
Are there ongoing fees paid to the franchisor?
Franchisees will be required to pay royalties that are the greater of 6% of gross revenues, or an established flat fee per month. There may also be monthly fees for administrative or technology services provided. These fees allow us to fund our ongoing support services and the continued development of procedures, marketing tools, training programs, and product and systems upgrades.
Are there any advertising fees?
Franchisees may, in the future, be required to spend a minimum of 2% of ongoing revenues on local marketing; at this time, however, there is no required local marketing spend. We will assist you with your initial prospecting efforts within your territory. Franchisees will also contribute up to 2% of gross revenues into a system marketing fund. Collected funds are used to develop marketing strategies to promote the Welcomemat brand and fund the creative costs to develop any local franchise marketing materials.
Is financing available?
No, we do not offer direct financing to franchisees. We may be able to provide references to qualified financing or lending agencies, on a case-by-case basis.