- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$51K - $71K
- Units as of 2015
-
2
Company Overview
About Wallace Property Management Group
| Industry | Business Services |
|---|---|
| Related Categories | Miscellaneous Business Services, Miscellaneous Services |
| Founded | 2006 |
| Leadership | Scott Wallace, Founder and CEO |
| Corporate Address |
P.O. Box 2125 Lexington, SC 29071 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 2014 (10 years) |
|---|---|
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 2 (as of 2015) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Wallace Property Management Group 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
|
$30,000 |
|---|---|
|
Initial Investment
|
$51,400 - $71,250 |
|
Net Worth Requirement
|
$100,000 |
|
Cash Requirement
|
$40,000 - $100,000 |
|
Veteran Incentives
|
$10,000 off franchise fee |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
5 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 | Wallace Property Management Group has relationships with third-party sources which offer financing to cover the following: franchise fee, 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 | 1 week |
|---|---|
| Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
|
| Marketing Support |
Co-op Advertising
Regional Advertising
|
Operations
Additional details about running this franchise.
|
Can this franchise be run from home/mobile unit?
|
Yes |
|---|---|
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1-2 |
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 Wallace Property Management Group.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
The Largest Franchise Operator in the U.S. Just Acquired 32 More Wendy's Locations, Adding to Its $4.5 Billion Portfolio
In a strategic move to bolster its quick-service holdings, Flynn Group has acquired 32 Wendy's restaurants in the Indianapolis area.
McDonald's $5 Meal Deal Will Stay — And a New 'McValue Menu' Is on the Way in 2025
The McValue Menu is slated for a January 2025 debut and will feature a selection of budget-friendly items, allowing customers to customize meals at a lower cost.
'A Lot More Innovation in Store' — Taco Bell's CMO Says 2025 Will Bring Another Live Más Live and a Return to the Super Bowl. Here's the Details.
After a 2024 full of highlights, Taco Bell is gearing up to make 2025 a standout year.
The Top 10 Coffee Franchises in 2024
From a classic cup of joe to a creamy latte, grab your favorite mug and get ready to brew up success with the best coffee franchises.
From Boxing to Pilates to Personal Training — Explore the Top 15 Fitness Franchises of 2024
Flex your franchise muscle and discover today's powerhouse fitness franchises, where sweat meets success in every rep.
Doner Shack is an Award Winning Franchise in the Multi Billion Dollar Kebab Market!
Doner Shack offers the most advanced kebab operating system in the world. Comparable to the revolutionary conveyor oven in the pizza industry, our robotic kebab machines offer game-changing innovation
