Seeking to purchase a Master Franchise here in North Carolina. The franchise brand consist of three different brands - a junk removal service, an in-home senior care brand, and an online and in-home tutoring service for school age children. Annual revenues are $342k with an asking price of $335k.
Below is a proposal written from the Franchisor to me in an email that I will share with you if interested:
"We’re offering an Area Developer opportunity to represent one of our three (3) brands in the state of North Carolina.
As an Area Developer you are not required to have employees, an office, or any other typical requirement of a Local Franchisee.
Area Developers receive a 50/50 profit-share of Franchise Fees and weekly Royalty fees, generated from the Local Franchisees within your region (NC).
The total opportunity size is between 48-62 Local Franchise Units for NC.
The average Franchise Fee paid by a Local Franchisee is between $45-60,000, your split as an Area Developer would be between $22,500 to 30,000 per Franchisee.
Does this sound like something you would be interested in?"
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