- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$366K - $459K
- Units as of 2020
-
17 21.4% over 3 years
Why You May Want to Start an Imeca Franchise
Apart from providing home improvement resources such as plywood, drawer slides, and AVENTOS lift systems, the engineers at Imeca may give expert advice to various institutions and facilities, including government agencies, insurance adjusters, and law firms, among others.
An ideal franchisee should be personable with knowledge of the construction and/or home improvement sector. They should be ready and willing to follow a business model and offer help to customers.
What Might Make an Imeca Franchise a Good Choice?
As a potential franchisee, you will undergo Imeca’s extensive training program held at its headquarters in Miami Gardens, Florida. Upon completion, you will be familiar with the history of the franchise, how it runs, its history, and the ins and outs of the business that you are about to open. The franchise’s marketing strategies help franchisees slide into the market without having a lot of challenges.
To be part of the Imeca franchise team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and renewal fees.
Imeca has partnered with third-party financial lenders who may offer help covering the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll if you meet their qualifications.
How to Open an Imeca Franchise
As you decide if opening an Imeca franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if an Imeca franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement with the Imeca franchise, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Imeca franchising team questions.
If awarded a franchise, franchisees receive a great deal of support from the Imeca franchise brand throughout the franchising process. In addition to pre-opening training, franchisees may receive support through grand opening support, site selection, and marketing through social media. Imeca franchisees may also receive hands-on training and continued support after opening their franchise location.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate an Imeca franchise.
Company Overview
About Imeca
| Industry | Retail |
|---|---|
| Related Categories | Miscellaneous Retail Businesses, Home Improvement |
| Founded | 2002 |
| Leadership | Tony Cocchiola, CEO |
| Corporate Address |
1190 N.W. 159 Dr. Miami Gardens, FL 33169 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 2019 (5 years) |
|---|---|
| # of employees at HQ | 10 |
| # of Units | 17 (as of 2020) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Imeca franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$39,900 |
|---|---|
|
Initial Investment
|
$365,650 - $458,900 |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
to 1% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Imeca has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 90 hours |
|---|---|
| Classroom Training | 30 hours |
| Ongoing Support |
Grand Opening
Site Selection
|
| Marketing Support |
Social Media
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
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