Start-Up Costs and Fees |
||
| United Financial Services Group | Lendio | |
| Investment | 202000 - 261000 | 30150 - 117100 |
| Franchise Fee | 0 | |
| Royalty Fee | 0.20% | to4K/mo. |
| Advertising Fee | 2% | |
| Year Founded | 1977 | 2011 |
| Year Franchised | 1991 | 2016 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| United Financial Services Group | Lendio | |
| Experience | General business experience Marketing skills | - Desire to build a business - Commitment to the Lendio Mission - Strong connection to your local community - Exceptional Networking skills in your local Small Business Community - $50-$60K in Liquid Capital |
Financing Options |
||
| United Financial Services Group | Lendio | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| United Financial Services Group | Lendio | |
| Training | On-The-Job Training: 15 hours Classroom Training: 35 hours Additional Training: Ongoing | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad Templates National Media Social media SEO Website development Email marketing |
| Operations | 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| United Financial Services Group | Lendio | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, West Virginia, Wyoming, | 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 |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| United Financial Services Group | |
| Lendio | |
| Franchise Fee | |
| United Financial Services Group | |
| Lendio | |
| Royalty Fee | |
| United Financial Services Group | 0.20% |
| Lendio | to4K/mo. |
| Advertising Fee | |
| United Financial Services Group | |
| Lendio | 2% |
| Year Founded | |
| United Financial Services Group | 1977 |
| Lendio | 2011 |
| Year Franchised | |
| United Financial Services Group | 1991 |
| Lendio | 2016 |
| Term Of Agreement | |
| United Financial Services Group | 15 years |
| Lendio | |
| Renewal Fee | |
| United Financial Services Group | 25% of then current fee |
| Lendio | |
Business Experience Requirements |
|
| Experience | |
| United Financial Services Group | General business experience Marketing skills |
| Lendio | - Desire to build a business - Commitment to the Lendio Mission - Strong connection to your local community - Exceptional Networking skills in your local Small Business Community - $50-$60K in Liquid Capital |
Financing Options |
|
| Franchise Fees | |
| United Financial Services Group | No |
| Lendio | No |
| Start-up Costs | |
| United Financial Services Group | |
| Lendio | |
| Equipment | |
| United Financial Services Group} | |
| Lendio | |
| Inventory | |
| United Financial Services Group | |
| Lendio | |
| Receivables | |
| United Financial Services Group | |
| Lendio | |
| Payroll | |
| United Financial Services Group | |
| Lendio | |
Training & Support |
|
| Training | |
| United Financial Services Group | |
| Lendio | On-The-Job Training: 15 hours Classroom Training: 35 hours Additional Training: Ongoing |
| Support | |
| United Financial Services Group | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Lendio | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| United Financial Services Group | Co-op advertising, Ad slicks, Regional advertising |
| Lendio | Ad Templates National Media Social media SEO Website development Email marketing |
| Operations | |
| United Financial Services Group | 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
| Lendio | |
Expansion Plans |
|
| US Expansion | |
| United Financial Services Group | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, West Virginia, Wyoming, |
| Lendio | 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 |
| Canada Expansion | |
| United Financial Services Group | |
| Lendio | |
| International Expansion | |
| United Financial Services Group | |
| Lendio | |