Start-Up Costs and Fees |
||
| Hoodz | Service-Tech | |
| Investment | 137000000000 - 228827 | 59000 - 89000 |
| Franchise Fee | ||
| Royalty Fee | 10% | 4-6% |
| Advertising Fee | ||
| Year Founded | 2008 | 1960 |
| Year Franchised | 2009 | 1987 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hoodz | Service-Tech | |
| Experience | Net worth requirement: $100,000 Cash liquidity requirement: $10,000 - $30,000 | |
Financing Options |
||
| Hoodz | Service-Tech | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Hoodz | Service-Tech | |
| Training | Available at headquarters: One week Technical/ Business Administration | |
| Support | Annual meetings Advanced level training | Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | National advertising and public relations | Co-op advertising |
| Operations | * Franchise can be run from home * 13% of all franchisees own more than one unit * Number of employees needed to run franchised unit: Two * Absentee ownership of franchise is allowed | Franchise can be run from home. 0% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Hoodz | Service-Tech | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming, |
| Canada Expansion | 0 | |
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hoodz | |
| Service-Tech | |
| Franchise Fee | |
| Hoodz | |
| Service-Tech | |
| Royalty Fee | |
| Hoodz | 10% |
| Service-Tech | 4-6% |
| Advertising Fee | |
| Hoodz | |
| Service-Tech | |
| Year Founded | |
| Hoodz | 2008 |
| Service-Tech | 1960 |
| Year Franchised | |
| Hoodz | 2009 |
| Service-Tech | 1987 |
| Term Of Agreement | |
| Hoodz | |
| Service-Tech | 10 years |
| Renewal Fee | |
| Hoodz | |
| Service-Tech | |
Business Experience Requirements |
|
| Experience | |
| Hoodz | Net worth requirement: $100,000 Cash liquidity requirement: $10,000 - $30,000 |
| Service-Tech | |
Financing Options |
|
| Franchise Fees | |
| Hoodz | Yes |
| Service-Tech | Yes |
| Start-up Costs | |
| Hoodz | |
| Service-Tech | |
| Equipment | |
| Hoodz} | |
| Service-Tech | |
| Inventory | |
| Hoodz | |
| Service-Tech | |
| Receivables | |
| Hoodz | |
| Service-Tech | |
| Payroll | |
| Hoodz | |
| Service-Tech | |
Training & Support |
|
| Training | |
| Hoodz | Available at headquarters: One week Technical/ Business Administration |
| Service-Tech | |
| Support | |
| Hoodz | Annual meetings Advanced level training |
| Service-Tech | Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Hoodz | National advertising and public relations |
| Service-Tech | Co-op advertising |
| Operations | |
| Hoodz | * Franchise can be run from home * 13% of all franchisees own more than one unit * Number of employees needed to run franchised unit: Two * Absentee ownership of franchise is allowed |
| Service-Tech | Franchise can be run from home. 0% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Hoodz | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Service-Tech | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming, |
| Canada Expansion | |
| Hoodz | |
| Service-Tech | 0 |
| International Expansion | |
| Hoodz | |
| Service-Tech | Canada, |