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Details
on Your Initial Investment
The
initial investment required to start-up a successful CM
IT Solutions franchise varies widely. Location makes a
big difference. You must take into account the type of
market in which you will be competing, assess competitor
pricing ranges, and consider rental and labor costs to
get an accurate picture for your chosen location.
Expenditures
for your grand opening, initial advertising and marketing
push must be strategically tailored to achieve your goals
and meet the specific requirements of your competitive
landscape.
Varying
degrees of efficiency and initial sales growth achieved
by individual franchisees in the first several months
of business also impact costs. For example, individual
franchisees who hire a manager may require additional
working capital than those who do not.
The
following chart provides an estimate of a franchisee’s
initial investment for one CM IT Solutions franchise.
|
|
| |
| Estimated
Amounts |
Low |
High |
| Franchise
Fee* |
$33,900 |
$33,900 |
| Territory
Fee |
$0 |
$25,000 |
| Starter
Package |
$1,000 |
$1,000 |
| Food
and Lodging while |
|
|
| Training |
$2,000 |
$4,000 |
| Furniture
and Equipment |
0 |
$5,000 |
| Advertising
and Marketing |
$7,500 |
$9,000 |
| Start-up
Supplies |
$1,000 |
$2,000 |
| Additional
Funds |
$10,000 |
$25,000 |
| Total
Working Capital |
$55,400 |
$104,900 |
|
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*If you
purchase additional franchises under an Area Development Agreement,
the initial franchise fee is $31,400 for each additional franchise
plus any applicable territory fees.
When requested, the Franchisor may suggest various
sources of financing to you and, at your request, assist you
in completing the necessary applications for financing.
A MORE DETAILED DESCRIPTION AND EXPLANATION OF THE
CATEGORIES AND ESTIMATED FIGURES SET FORTH ABOVE ARE INCLUDED
IN ITEM 7 OF THE UNIFORM FRANCHISE OFFERING CIRCULAR. REQUEST
A COPY BY CALLING 800-710-CMIT (2648)
FOR MORE INFORMATION.
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