- FranchiseBFC.com
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- Toll Free: 888.377.8009
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- Kelowna: 778.484.2121
There Are A Number Of Advantages To Purchasing A Franchise
Commercial real estate is experiencing an explosion like never before as baby boomers begin to retire.
The trend towards franchising is also expected to continue at a phenomenal rate, making this the perfect time to invest in a business such as Business Finders Canada that capitalizes on all of these concepts. With a Business Finders Canada easy to follow franchise model and systems, franchisees can hit the ground running, but first there are a few financial requirements that must be met.
Franchise Fee $25,000
The franchise fee of $25,000 is due at the time that your contract is signed. The fee is based on a number of factors, including company expenses for grant and acquisition, uniqueness of the business, complexity levels, and overall revenue streams.
Prepaid Fees * $74,900
The pre-paid fee of $74,900 is due at the time that your contract is signed. The fee is based on a number of factors, including advertising, software and website, technology, promotional items, training fees, and business coaching.
* Marketing, Training, Website, Software, radio, etc.
Liquid Capital Required $100,000
Liquid capital is an asset that is readily convertible. Liquid capital is an important determinant in whether or not the business will be financially stable until it begins to turn a profit. In order to open a Business Finders Canada franchise, you must have a minimum of $100,000 in liquid capital.
Net Worth Required $250,000+
Commercial Space * IF REQUIRED
If required, Business Finders Canada will provide some guidelines and recommendations to help you find an ideal location based on our business analysis. Leasehold improvements will vary depending on location set up. The estimates of $30,000 – $167,000 will assume an office with eight agents and two administrative staff. Actual initial investment costs will vary depending on the specific characteristics and size of each individual franchise location, the leased commercial space, and the equipment purchased by the franchisee.
Investment $100k – $150k
The franchise fee of $25,000 is due at the time that your contract is signed. The fee is based on a number of factors, including company expenses for grant and acquisition, uniqueness of the business, complexity levels, and overall revenue streams.
Royalty 5.5% – 6.5%
As a BFC franchisee, you will pay 5.5%.-6.5% of your gross sales revenue in royalties. This is a recurring expense that covers items, such as ongoing support and other resources provided by the brand.