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Description
Investment Icon

Initial Investment Overview for The Entrepreneur's Source

To open a franchise with The Entrepreneur's Source, you will need to prepare for an initial investment ranging from $114,350 to $125,950. This includes a franchise fee of $75,000. It's essential to ensure you have the necessary cash on hand, as the total cash required falls within this range. Understanding these costs upfront can help you plan your financial strategy effectively.

Fees Icon

Ongoing Fees and Financial Requirements

Franchisees of The Entrepreneur's Source are subject to ongoing fees that include a royalty fee of 5% of gross sales and a marketing fee of 2%. Additionally, potential franchisees must demonstrate a net worth between $500,000 and $1,000,000. These financial commitments are crucial for maintaining the brand's operational standards and marketing efforts, ensuring the franchise's long-term success.

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Revenue Potential and Breakeven Timeline

The Entrepreneur's Source boasts an average annual revenue of $117,964 per unit, with a median revenue of $363,942. The franchise has shown a strong performance, with the lowest annual revenue recorded at $1,958 and the highest at $768,000. Notably, franchisees can expect to reach breakeven within approximately 24 months, making it a potentially lucrative investment for those ready to commit.

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Growth and Expansion of Franchised Units

The Entrepreneur's Source has demonstrated consistent growth in its franchised units, increasing from 119 in 2020 to 148 in 2022. This upward trend indicates a healthy demand for the franchise model and suggests that franchisees are benefiting from the brand's reputation and operational support. As the network expands, new franchisees can tap into a growing community of support and shared resources.

The Entrepreneur's Source 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:

$500,000 - $1,000,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

24 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:

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

i Initial Investment:

$114,350 - $125,950
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$114,350 - $125,950
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$117,964
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$363,942
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$768,000
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$1,958
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Consultant & Business Brokers
Category icon A more specific division within the broader industry.

i Category:

Franchise Consulting
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

David Smith
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

900 Main Street South, Suite 200Building No. 2Southbury, Connecticut 06488
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

1997
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

TES Franchising, LLC

The Entrepreneur's Source 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

148
The number of locations owned by independent franchisees.

Franchised Units i

148
The number of locations owned and run by the franchisor.

Corporate Units i

0
Units 2020 2021 2022
Total Units 119 134 148
Net Change YoY 15 14
Franchised Units 119 134 148
Net Change YoY 15 14
Corporate Units 0 0 0
Net Change YoY 0 0
Investment About

Initial Investment

The Entrepreneur's Source requires a low initial investment ranging from $114,350 to $125,950. This includes a franchise fee of $75,000, which is a crucial part of the startup costs. Potential franchisees should also consider additional expenses such as training and marketing when planning their budget.

Potential About

Financial Performance

The average annual revenue per unit is reported at $117,964, with a median revenue of $363,942. However, revenues can vary widely, with the lowest reported at $1,958 and the highest at $768,000. This range highlights the potential for significant earnings, depending on location and management.

Metrics About

Royalty and Marketing Fees

Franchisees are subject to a royalty fee of 5% on gross sales, in addition to a marketing fee of 2%. These ongoing fees contribute to the overall operational costs but are essential for brand support and marketing initiatives that drive customer traffic.

Fees About

Breakeven Timeline

Franchisees can expect a breakeven period of approximately 24 months. This timeframe is crucial for budgeting and financial planning, as it indicates when a franchisee can start seeing a return on their initial investment.

Breakeven About

Growth and Expansion

The Entrepreneur's Source has shown steady growth in franchised units, increasing from 119 in 2020 to 148 in 2022. This growth trend indicates a strong demand for the franchise and presents opportunities for new franchisees to join a thriving network.

Units About

Financial Requirements

Prospective franchisees must meet specific financial criteria, including a net worth requirement between $500,000 and $1,000,000. This requirement ensures that franchisees have the financial stability to support their business and navigate the initial startup phase.

Frequently Asked Questions

The initial investment for a The Entrepreneur's Source franchise ranges from $114,350 to $125,950, which includes the franchise fee and other startup costs.