Start-Up Costs and Fees |
||
| OpenWorks | Magic Bubbles | |
| Investment | 15000 - 150000 | 79025 - 197800 |
| Franchise Fee | 0 | |
| Royalty Fee | 5-10% | 6% |
| Advertising Fee | 1% | |
| Year Founded | 1983 | 2007 |
| Year Franchised | 1983 | 2016 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| OpenWorks | Magic Bubbles | |
| Experience | General business experience | |
Financing Options |
||
| OpenWorks | Magic Bubbles | |
| Franchise Fees | Yes | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | No | |
Training & Support |
||
| OpenWorks | Magic Bubbles | |
| Training | On-The-Job Training: 1 week Classroom Training: 1 week | |
| Support | Newsletter, Meetings, Toll-free phone line, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | Regional advertising | Co-op Advertising Ad Templates |
| Operations | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| OpenWorks | Magic Bubbles | |
| US Expansion | Florida | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| OpenWorks | |
| Magic Bubbles | |
| Franchise Fee | |
| OpenWorks | |
| Magic Bubbles | |
| Royalty Fee | |
| OpenWorks | 5-10% |
| Magic Bubbles | 6% |
| Advertising Fee | |
| OpenWorks | |
| Magic Bubbles | 1% |
| Year Founded | |
| OpenWorks | 1983 |
| Magic Bubbles | 2007 |
| Year Franchised | |
| OpenWorks | 1983 |
| Magic Bubbles | 2016 |
| Term Of Agreement | |
| OpenWorks | 10 years |
| Magic Bubbles | |
| Renewal Fee | |
| OpenWorks | |
| Magic Bubbles | |
Business Experience Requirements |
|
| Experience | |
| OpenWorks | General business experience |
| Magic Bubbles | |
Financing Options |
|
| Franchise Fees | |
| OpenWorks | Yes |
| Magic Bubbles | Yes |
| Start-up Costs | |
| OpenWorks | |
| Magic Bubbles | |
| Equipment | |
| OpenWorks} | |
| Magic Bubbles | |
| Inventory | |
| OpenWorks | |
| Magic Bubbles | |
| Receivables | |
| OpenWorks | |
| Magic Bubbles | |
| Payroll | |
| OpenWorks | |
| Magic Bubbles | |
Training & Support |
|
| Training | |
| OpenWorks | |
| Magic Bubbles | On-The-Job Training: 1 week Classroom Training: 1 week |
| Support | |
| OpenWorks | Newsletter, Meetings, Toll-free phone line, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Magic Bubbles | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| OpenWorks | Regional advertising |
| Magic Bubbles | Co-op Advertising Ad Templates |
| Operations | |
| OpenWorks | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Magic Bubbles | |
Expansion Plans |
|
| US Expansion | |
| OpenWorks | |
| Magic Bubbles | Florida |
| Canada Expansion | |
| OpenWorks | |
| Magic Bubbles | |
| International Expansion | |
| OpenWorks | |
| Magic Bubbles | |