Opening a tech franchise with Experimax is one of the easiest ways to start your own business. We provide you with real estate support, business coaching, training in our business model, and much more. That said, if you’re new to franchising, you probably have some questions about the process. Find answers to some common questions, here. Don’t see your question listed? Then never hesitate to contact us – we love sharing information about what it takes to open a tech franchise with Experimax.
What’s In the Franchise Agreement?
Your franchise agreement is the contract you’ll sign that officially makes you an Experimax franchisee. Once you sign it, you’ll be able to really get started on the path towards opening your new business. Your one-time franchise fee of $49,500 will be due at the time you sign.
What Should I Look for in the Experimax FDD?
The Experimax Franchise Disclosure Document (FDD) contains all the details related to the investment in our brand. You can get a copy by contacting us! A few of the items it covers include:
- What goes into our estimated initial investment, starting at $140K, and a detailed investment breakdown
- The many training and support resources franchisees can look forward to
- Information about multi-unit ownership
Be sure to check out our Item 19, which gives examples of how much specific franchises earned in a given period.
The FDD covers a lot of ground, and signing your franchise agreement indicates that you’ve read it, understand it, and agree to its terms. It’s never a bad idea to go over the Experimax FDD with a lawyer to ensure you haven’t overlooked anything important.
What Do I Get in Exchange for the Franchise Fee?
Just about every franchisor requires a franchise fee. When you open a tech franchise with Experimax, your franchise fee grants you access to a time-tested business model, comprehensive training and support resources, and other valuable assets. That’s why many Experimax franchisees feel that their franchise fee virtually pays for itself.
What Royalties Does Experimax Assess?
The royalty fee is one of the most important ongoing costs to factor into your franchise investment. If you choose to open a tech franchise with Experimax, your royalty payment is an equitable 6%. Of course, royalties likely aren’t the only ongoing fee you’ll pay – some franchisors require regular contributions to ad funds, tech resources, and so forth.
These are just a few of the questions we regularly receive about our franchise investment. Interested in learning more? Contact us today with your questions.