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Fully Promoted Franchise ProfileAdvertising & Marketing Franchises > Promotional Products |
What are the Initial Investment Requirements for a Fully Promoted Franchise?
To open a Fully Promoted franchise, you'll need to prepare for a range of initial investment costs, which can vary significantly. The total investment required ranges from $119,555 to $354,287, with an initial franchise fee of $49,500. Additionally, potential franchisees should be aware of ongoing fees, including a 6% royalty fee and a 1% marketing fee. It's essential to ensure you meet the cash requirement of at least $119,555 and have a net worth of between $250,000 and $500,000 to qualify for this opportunity.
What is the Average Revenue Potential for Fully Promoted Franchisees?
Fully Promoted franchises show promising revenue potential, with average annual revenue per unit reported at $463,231. This figure reflects the median performance, indicating that many franchisees can achieve solid financial results. However, it's important to note the revenue range is quite broad, with the lowest annual revenue recorded at $9,381 and the highest at an impressive $3,865,635. Understanding these figures can help you gauge the potential profitability of investing in a Fully Promoted franchise.
How Quickly Can You Expect to Break Even with a Fully Promoted Franchise?
One of the appealing aspects of a Fully Promoted franchise is the relatively quick breakeven time. Franchisees can expect to reach breakeven within approximately 12 months of operation. This swift return on investment is encouraging for aspiring entrepreneurs, as it allows for quicker reinvestment into the business and planning for future growth. The investment payback period aligns with this timeframe, making it a potentially lucrative opportunity for those ready to dive into the franchise world.
What Operational Expenses Should You Anticipate with a Fully Promoted Franchise?
Running a Fully Promoted franchise involves various operational expenses that franchisees should budget for. The average annual operating expenses total approximately $5,911,973, which encompasses costs such as payroll, advertising, and other essential services. Notably, payroll constitutes a significant portion of these expenses, amounting to $4,267,262. Understanding these costs is crucial for effective financial planning and ensuring the sustainability of your franchise operation.
Fully Promoted 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.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Fully Promoted Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 256 | 264 | 273 |
| Net Change YoY | 8 | 9 | |
| Franchised Units | 256 | 264 | 273 |
| Net Change YoY | 8 | 9 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | 0 | 0 |
Franchise Overview
Fully Promoted is a leading franchise in the promotional products and branded apparel industry, specializing in helping businesses enhance their brand visibility through customized merchandise. With a strong network of franchisees, Fully Promoted has established itself as a go-to partner for companies seeking quality promotional solutions. The franchise focuses on delivering exceptional customer service and innovative products to meet diverse marketing needs.
Investment Requirements
The initial investment to open a Fully Promoted franchise ranges from $119,555 to $354,287, with a franchise fee of $49,500. Franchisees are required to have a net worth between $250,000 and $500,000. This investment includes essential startup costs, ensuring that franchisees are well-prepared to launch their business and achieve profitability.
Royalty and Marketing Fees
Fully Promoted franchisees are subject to a royalty fee of 6% of gross sales, along with a marketing fee of 1%. These fees contribute to the ongoing support, brand development, and marketing initiatives provided by the franchisor, helping franchisees to effectively promote their businesses and drive sales.
Financial Performance
The average annual revenue per Fully Promoted unit is approximately $463,231, with a median revenue also at this level. Franchisees can expect a breakeven time of around 12 months, indicating a potentially quick return on investment. This financial performance showcases the brand's strong market position and the profitability potential for franchisees.
Operational Structure
As of 2023, Fully Promoted operates a total of 273 franchised units, with no corporate-owned locations. This structure allows franchisees to maintain operational independence while benefiting from the brand's established reputation and support network. The absence of corporate units emphasizes the focus on franchisee success and growth.
Support and Training
Fully Promoted offers comprehensive training and ongoing support to its franchisees. This includes initial training programs that cover sales techniques, operational procedures, and marketing strategies. Ongoing support ensures that franchisees stay updated with industry trends and best practices, empowering them to effectively manage their businesses and maximize profitability.
Frequently Asked Questions
The initial investment for a Fully Promoted franchise ranges from $119,555 to $354,287, which includes the franchise fee and other startup costs.