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Description
Investment Icon

What Are the Initial Investment Requirements for a Crestcom Franchise?

To open a Crestcom franchise, you'll need an initial investment ranging from $91,850 to $104,919. This includes a franchise fee of $75,000. It's essential to have a net worth of at least $100,000, with liquid cash available within the same range. Additionally, be prepared for ongoing costs, including a 5% royalty fee on revenue and a 2% marketing fee to support brand growth.

Fees Icon

What Are the Revenue Potential and Financial Performance Metrics for Crestcom Franchisees?

Crestcom franchisees can expect average annual revenues of approximately $260,475, with a median revenue of $182,765. The financial performance varies, with some units generating as low as $16,000 and others reaching up to $1,264,901.82 annually. The breakeven point is around 12 months, and the investment payback period is estimated at 15 months, making it a potentially lucrative venture for those who follow the business model effectively.

Revenue Icon

What Are the Typical Operating Expenses for a Crestcom Franchise?

Operating a Crestcom franchise involves several key expenses. The total annual running expenses average around $39,168, which includes costs such as distribution fees of $10,500, office lease costs, equipment and supplies, insurance, legal and accounting fees, and marketing expenses. Keeping these costs in check is crucial for maintaining profitability and ensuring the business runs smoothly.

Breakeven Icon

How Has Crestcom Grown in Recent Years?

Crestcom has shown steady growth in its franchised units over the past few years. In 2021, there were 43 franchised units, which increased to 52 in 2022 and reached 55 in 2023. This consistent growth reflects a strong demand for Crestcom's services and the effectiveness of its franchise model, indicating a promising opportunity for new franchisees looking to enter a growing market.

Crestcom Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$100,000 - $1,000,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

15 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$75,000
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

5%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

2%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

12 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$91,850 - $104,919
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$91,850 - $104,919
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$260,475
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$182,765
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$1,264,901.82
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$16,000
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Training Franchises
Category icon A more specific division within the broader industry.

i Category:

Corporate Training
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Tammy Berberick
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

6900 East Belleview Avenue, Suite 100, Greenwood Village, Colorado 80111
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2007
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

Crestcom International, LLC

Crestcom Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

55
The number of locations owned by independent franchisees.

Franchised Units i

55
The number of locations owned and run by the franchisor.

Corporate Units i

0
Units 2021 2022 2023
Total Units 43 52 55
Net Change YoY 9 3
Franchised Units 43 52 55
Net Change YoY 9 3
Corporate Units 0 0 0
Net Change YoY 0 0
Investment About

Franchise Overview

Crestcom is a leading franchise in the management training sector, specializing in providing comprehensive leadership development programs. With a focus on enhancing business performance through effective training solutions, Crestcom empowers organizations to cultivate strong leaders who drive success. The franchise model offers aspiring entrepreneurs the opportunity to tap into a growing market, leveraging Crestcom’s established reputation and proven training methodologies.

Potential About

Investment Requirements

To become a Crestcom franchisee, the initial investment ranges from $91,850 to $104,919, which includes a franchise fee of $75,000. Potential franchisees should have a net worth between $100,000 and $1,000,000 and be prepared to cover ongoing royalty fees of 5% and a marketing fee of 2%. This investment structure is designed to ensure franchisees have the necessary resources to succeed in their business endeavors.

Metrics About

Financial Performance

Crestcom franchises have demonstrated strong financial potential, with an average annual revenue of approximately $260,475 per unit. The median revenue sits at $182,765, while some units have reported revenues as high as $1,264,901.82. The breakeven period is typically around 12 months, with an investment payback period of about 15 months, making it an attractive option for investors seeking a solid return.

Fees About

Operational Costs

Franchisees can expect various operational expenses, with average annual costs totaling around $39,168. Key expenses include distribution fees, office lease costs, equipment, insurance, legal and accounting services, and marketing programs. Understanding these costs is crucial for franchisees to effectively manage their budgets and maximize profitability.

Breakeven About

Growth Trajectory

Crestcom has shown consistent growth in its franchise units, expanding from 43 units in 2021 to 55 units in 2023. This upward trend indicates a strong market demand for Crestcom's training programs and a robust support system for franchisees. The ongoing expansion reflects the brand's commitment to scaling its operations while maintaining quality and service excellence.

Units About

Support and Training

Crestcom provides comprehensive support and training to its franchisees, ensuring they are equipped with the necessary tools and knowledge to thrive. The franchise offers ongoing training programs, marketing resources, and operational guidance, fostering a collaborative environment that promotes success. This commitment to franchisee support is a key factor in Crestcom's reputation as a leader in the management training industry.

Frequently Asked Questions

The initial investment for a Crestcom franchise ranges from $91,850 to $104,919, which includes a franchise fee of $75,000.