Business View - March 2015 89
a resale operation.’”
Total investment for franchisees runs between
$212,000 and $384,500, and prospective candi-
dates are required to have both a net worth of at least
$70,000 and another $70,000 in available liquid
cash.
The franchise fee is $25,000 for a renewable 10-year
agreement with an ongoing 5 percent royalty.
Entrepreneur listed it at No. 18 among its top 75 new
franchise opportunities in 2013, and it’s been posi-
tioned at Nos. 332, 353 and 325 among the Franchise
500 in 2013, 2014 and 2015, respectively.
“Our goal for the past few years has been to reach 100
stores by the end of 2017, so we’re still pushing for
that,” Scott Sloan said. “But more than that, we need
to open successful locations.
“We realize that the quickest way to fail at our goal
is to open a number of locations that aren’t success-
ful. It’s definitely a balancing act between growing at a
pace where we can still provide that hands-on support
for these new owners to help guide them through their
first year or more of operation, and at the same time
growing fast enough so that we can reach our goal.
“It’s a double-edged sword, but I think we’ve so far
done a good job of balancing that.”
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