- Franchise 500 Rank
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N/R Not ranked last year
- Initial investment
-
$31K - $42K
- Unit data is unavailable
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N/A
Company Overview
About MyLoopCard
Industry | Business Services |
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Related Categories | Advertising Services, Miscellaneous Recreation Businesses |
Founded | 2007 |
Leadership | Justin Herman, CEO |
Corporate Address |
241 Federal Plaza W. Youngstown, OH 44503 |
Business Overview
Franchising Since | 2009 (15 years) |
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# of employees at HQ | 3 |
Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
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Information for Franchisees
Here's what you need to know if you're interested in opening a MyLoopCard 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
|
$29,500 |
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Initial Investment
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$31,000 - $42,000 |
Net Worth Requirement
|
$100,000 |
Cash Requirement
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$30,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
$50/mo. |
Term of Agreement
|
5 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | as needed |
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Ongoing Support |
Purchasing Co-ops
Meetings & Conventions
Toll-Free Line
Online Support
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Marketing Support |
Co-op Advertising
Ad Templates
National Media
|
Operations
Additional details about running this franchise.
Can this franchise be run from home/mobile unit?
|
Yes |
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Can this franchise be run part time?
|
No |
# of employees required to run | 1 |
Are exclusive territories available?
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Yes |
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