Prism Specialties franchise fees for 2024:
Cash Investment: $149,999 - $322,297 (1 unit)
Total Investment: $149,999 - $322,297 (1 unit); $191,000-$282,000
(2 units); $245,000-$322,000 (3 units)
Minimum Net Worth: $50,000
Single Unit Franchise Fee: $50,000
Franchise Fee for each addtion unit: $50,000 for 1 unit; $67,500
for 2 units; $85,000 for 3 units
Royalty: 7%
Ad: 2%
Other Fees: 1% brand mmarketing
Average Number of Employees at Start/at Maturity: 3 employees
(Owner, Technician per Service Line, Business Development
Manager)
Item 19: Yes
Visa Candidates: No
Passive Ownership: No
Semi-Passive Ownership: Yes
Specify: The owner will follow the business plan set form, execute
on the marketing and sales programs, and foster B2B relationships
with key audience members. The Technician will be hands on and the
Business Development Manager will focus on sales.
Owners do not perform the restoration work, and the franchise has a
strong support structure at a home office...with family-friendly
hours.
Semi-absentee only considered with General Manager in place.
Home-Based: Yes
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount: Yes($2,000 Discount off FF)
No. Prism Specialties is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.
Yes. Prism Specialties is a home based franchise opportunity.
Click here to find out how much Prism Specialties franchisees make. Prism Specialties offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.
No. Prism Specialties is not a master franchise opportunity.
Yes. Prism Specialties franchise does offer a veteran discount.
No. Prism Specialties franchise does not work with E2 Visa and EB-5 Visa candidates.
No. Prism Specialties franchise is not looking for Canada franchisees.
No. Prism Specialties franchise is not looking for International franchisees.
Buying a Franchise Guide: What is a Franchise Disclosure Document?
When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.
Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.