- 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 |
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Imeca.
Chem-Dry Carpet & Upholstery Cleaning
- description
- Carpet, upholstery, wood floor, and area rug cleaning, tile and stone care, granite countertop renewal
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
After 4 Challenging Years, Here Are 3 Ways the Incoming Trump Administration Can Revitalize Franchising
The President of the International Franchise Association explains 3 ways the incoming Trump Administration can revive the franchise model.
Expanding Your Franchise Overseas Can Make You Millions — Or Tank Your Profits If You Don't Consider These Risks.
Inexperienced franchisors must avoid rushing into international expansion. Conducting thorough research and laying a solid foundation is essential for long-term success.
How to Build a Franchise 'Money Machine' That Cashes In While You're Out of Office
I'm a franchise consultant, and all the most successful entrepreneurs I've ever worked with understood that a business is ultimately just a Money Machine.
These Are the Franchise Industry's Top Suppliers Right Now
Looking for the right supplier to help your franchise? These are the industry's favorite banks, accountants, PR agencies, and more — picked by the 1,100 franchises that love them!
These Are the Top 200 Global Franchises
Want to open a franchise outside the U.S., or just buy into a brand known around the world? This list is for you.
McDonald's Popular Holiday Pie Is Back — But Not Everywhere. Find Out Where You Can Get One.
The festive dessert, with its custard filling, sugar glaze and rainbow sprinkles, has become a seasonal favorite, drawing crowds to locations offering it.