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GoliathTech Franchise ProfilePrinter, Copying & Sign Franchises > Sign Manufacturing |
What Are the Initial Investment Requirements for GoliathTech Franchise?
To start a GoliathTech franchise, you'll need to prepare for an initial investment ranging from $100,000 to $244,000. This includes a franchise fee of $49,500. It's essential to have cash readily available within this range and a net worth between $250,000 and $500,000 to meet the franchise's financial criteria. Being aware of these costs upfront can help you gauge your financial readiness for this venture.
What Are the Ongoing Fees for GoliathTech Franchisees?
As a GoliathTech franchisee, you'll be responsible for ongoing fees that include a royalty fee of 6% on gross sales and an additional marketing fee of 6%. Understanding these fees is crucial, as they will impact your overall profitability. Make sure to factor these costs into your financial planning to maintain a healthy cash flow while running your franchise.
What Is the Average Revenue Potential for GoliathTech Franchise Units?
GoliathTech franchises have shown promising revenue potential, with an average annual revenue per unit reported at approximately $1,677,441. The lowest annual revenue recorded is $240,862, while the highest reaches up to $1,677,441. This wide range indicates the potential for significant earnings, but success will depend on various factors such as location and operational efficiency.
How Quickly Can You Expect to Break Even with a GoliathTech Franchise?
Franchisees can anticipate breaking even within about 12 months of operation. Additionally, the investment payback period is projected to be around 24 months. These timelines are encouraging for aspiring franchisees, as they suggest a relatively quick return on investment, provided that the business is managed effectively and meets revenue targets.
GoliathTech 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:
GoliathTech 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 | 108 | 101 | 96 |
| Net Change YoY | -7 | -5 | |
| Franchised Units | 108 | 101 | 96 |
| Net Change YoY | -7 | -5 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | 0 | 0 |
Investment Overview
GoliathTech offers a franchise opportunity with a low initial investment ranging from $100,000 to $244,000. The franchise fee is set at $49,500, with ongoing royalty and marketing fees both at 6%. Potential franchisees should have a net worth between $250,000 and $500,000, ensuring they are well-positioned to manage the financial demands of running a franchise unit.
Financial Performance
The average annual revenue per GoliathTech unit stands at an impressive $1,677,441, with a median revenue of $83,500. Franchisees can expect to break even within 12 months and achieve a full investment payback in 24 months, making it a potentially lucrative venture for those who follow the operational guidelines.
Franchise Growth
GoliathTech has seen a steady decline in franchised units over the past three years, with 108 units in 2021, 101 in 2022, and 96 in 2023. This trend may indicate market saturation or operational challenges that franchisees should consider when evaluating their entry into the brand.
Operational Insights
The average profit and loss statement reveals that GoliathTech has an operating expense of approximately $6,526,195, representing 47.2% of revenue. This highlights the importance of efficient cost management and operational effectiveness for franchisees to maximize profitability.
Corporate Structure
GoliathTech operates as a franchise model with no company-owned units reported in the last three years. This structure emphasizes its commitment to franchisee-driven growth and allows for a more extensive network of independent operators dedicated to the brand's success.
Franchisee Support
GoliathTech is dedicated to providing comprehensive support to its franchisees, including training, marketing assistance, and operational guidance. This support system is crucial for new franchisees, helping them navigate the complexities of running a successful business and ensuring alignment with the brand's standards.
Frequently Asked Questions
The initial investment for a GoliathTech franchise ranges from $100,000 to $244,000, which includes the franchise fee of $49,500.