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Business coaching is booming. The demand for business coaching services has increased dramatically in recent years; we have enjoyed a 100% increase in business coaching in just the last 3 years. That translates to over 2.8 million small and mid-sized businesses using business coaching over the next year, generating in excess of 1.5 billion dollars in coaching revenue. With over 25 years of experience, our unique AdviCoach business model is designed to empower business owners to increase the productivity and value of their businesses. We keep our clients focused on driving results though our coaching methodology, not by selling mass market solutions. AdviCoach franchisees help business owners increase the value of their businesses by identifying business weaknesses, educating them on business solutions, and holding them accountable to implement appropriate “Rapid Impact Strategies“ through weekly coaching sessions.
| Operating Units | 12/31/2009 | 12/31/2010 | 12/31/2011 |
|---|---|---|---|
| Franchised | 37 | 51 | 58 |
| % Change | -- | 37.80% | 13.70% |
| Company-Owned | 0 | 0 | 0 |
| % Change | -- | -- | -- |
| Total | 37 | 51 | 58 |
| % Change | -- | 37.80% | 13.70% |
| Franchised as % of Total | 100% | 100% | 100% |
Investment Required
The fee for an AdviCoach franchise is $45,000. AdviCoach provides the following range of investments 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 | $45,000 | $45,000 |
| Tuition (per Principal Operator) | $10,000 | $10,000 |
| Conference Room Usage | $1,200 | $4,800 |
| Traveling and Living Expenses (per person) | $1,500 | $2,500 |
| Insurance Premiums | $350 | $750 |
| Equipment | $150 | $3,000 |
| Marketing Aids | $1,000 | $2,000 |
| Additional Funds | $8,000 | $9,000 |
| Total | $67,200 | $77,050 |
Ongoing Expenses
AdviCoach franchisees pay a monthly royalty fee ranging from 5% to 15% of gross revenues depending on amount of annual gross revenue, and a monthly system-wide brand building fund contribution of $400. Other fees include an $85 per month Technology Fee and a mandatory annual conference attendance fee of $450 plus expenses.
What You Get: Training and Support
At AdviCoach, training is not a single event, but a dynamic, ongoing educational process. Our Continuing Professional Education includes: a Business Launch Curriculum that starts within 48 hours of joining our team. We leverage technology to bring continuing education and resources to our team 24/7. You’ll be guided by a mentor through our virtual curriculum which prepares you for an on-site event at our Performance Enhancement Center.
Territory
AdviCoach grants a saturation maximum–AdviCoach will not place more than one single unit per 1,000 pay rolled businesses in a given state or group of states. The rights granted within the territory are non-exclusive.
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.