Coverall is a commercial cleaning franchise which includes comprehensive training, equipment, billing and collection services, and an initial customer base. Coverall offers a discount on the initial Franchise Fee to veterans and provides franchisees with a turn-key commercial cleaning business.
FASTSIGNS Centers use state-of-the-art computer technology to create custom signs, graphics, banners, trade show exhibits, vehicle graphics and much more. A pioneer in the sign industry, FASTSIGNS has continued to grow by optimizing its systems and expanding the scope of its products & services.
Liberty Tax Service is the fastest-growing international tax service ever, and is ranked as #9 of the fastest-growing franchises in Entrepreneur magazine’s “Franchise 500.”
Abrakadoodle is an award-winning art and creativity program for children ages 20 months to 12 years old. Winner of “Best Art Class to Bring Out Your Child's Inner Picasso,“ Abrakadoodle is more than an art class, it also teaches children about famous artists and artistic styles. Abrakadoodle offers small classes which allows the teacher to work individually with each child, answer questions, demonstrate art techniques, and encourage children to design their own original work.
| Operating Units | 12/31/2009 | 12/31/2010 | 12/31/2011 |
|---|---|---|---|
| Franchised | 64 | 60 | 53 |
| % Change | -- | -6.3% | -11.7% |
| Company-Owned | 2 | 2 | 2 |
| % Change | -- | 0% | 0% |
| Total | 66 | 62 | 55 |
| % Change | -- | -6.1% | -11.3% |
| Franchised as % of Total | 96.97% | 96.77% | 96.36% |
Investment Required
The initial fee for an Abrakadoodle standard urban territory is $36,900 with 50,000-60,000 qualifying households. The initial fee for an Abrakadoodle standard suburban territory of up to 20,000 qualifying households is $23,400. Abrakadoodle provides the following range of investment items required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Estimated Low Range | Estimated High Range |
|---|---|---|
| Initial Franchise Fee | $23,400 | $50,900 |
| Prepaid 6 months of minimum continuing franchise fee, class management program fees and technology | $3,492 | $3,492 |
| Initial Materials Fee | $5,000 | $5,000 |
| Advertising Fee | $600 | $600 |
| Additional materials and office supplies | $1,000 | $3,850 |
| Laptop | $0 | $1,000 |
| Digital Camera | $0 | $200 |
| Color Printer | $0 | $100 |
| Expenses While Training | $1,000 | $2,000 |
| Business Development Training Fees | $0 | $3,500 |
| Business Licenses, Permits, etc. (6 months) | $50 | $100 |
| Insurance (6 months) | $300 | $750 |
| Additional Funds (6 months) | $1,000 | $3,000 |
| Total Estimated Investment | $35, 842 | $74,492 |
Ongoing Expenses
Franchisees are required to pay ongoing royalty fees equal to 8% of gross sales, as well as an advertising and promotional campaign fee of 1% of gross sales and a technology fee of $28 per month.
What You Get: Training and Support
Initial training with Abrakadoodle is divided up into two sections: Quick Start training which is essentially self-instruction through training DVDs, reading designated information, etc. and Business Development. Abrakadoodle also will provide opening assistance immediately before and during the opening of the franchise. Abrakadoodle will continue to provide refresher training courses as needed and will host an annual conference that the franchisee is required to attend.
Territory
Abrakadoodle grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2012 FDD. The 2012 write-ups will be incorporated into the 2013 Edition of the Bond’s Top 100 Franchises publication.