- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$11K - $28K
- Units as of 2016
-
5
Company Overview
About Gift Card Monkey
| Industry | Retail |
|---|---|
| Related Categories | Miscellaneous Retail Businesses, Miscellaneous Services |
| Founded | 2010 |
| Leadership | Hossein Kasmai, Founder and CEO |
| Corporate Address |
8725 N.W. 18th Terrace, #306 Miami, FL 33172 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 2011 (13 years) |
|---|---|
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 5 (as of 2016) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Gift Card Monkey 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
|
$9,900 |
|---|---|
|
Initial Investment
|
$10,950 - $27,600 |
|
Net Worth Requirement
|
$30,000 |
|
Cash Requirement
|
$14,900 |
|
Veteran Incentives
|
10% off franchise fee |
|
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 | Gift Card Monkey has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
|
|---|---|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1 |
|
Are exclusive territories available?
|
Yes |
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