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Gotcha Covered Franchise Opportunity
DESCRIPTION: Gotcha Covered franchisees provide custom-made, national name brand window fashions--blinds, shades, plantation shutters, custom draperies, and accessories. Potential customers include homeowners buying a new home or remodeling an existing home. Owners and/or tenants of commercial buildings--hotels, restaurants, churches, offices, daycares, etc.--are also potential customers. Gotcha Covered is a home-based mobile company. Products are demonstrated and services are delivered in the customer's home or office. However, storefront locations are available. Franchisees have extremely large territories. Complete health and liability insurance with retirement and investment plans are available to our franchise owners and their employees. There is an exit strategy program. Term 10 Years / No buy back program
BACKGROUND Established: 1995 1st Franchised: 1999 Franchised Units: 130 + Company Owned Units: 0 Projected New Units (12 Months): 50 + Registered: All States
FINANCIAL/TERMS Cash Investment: $ See Franchise Fee Total Investment: $ Starts at 59, 950 Minimum Net Worth: $ Varies / 25K minimum Franchise Fee: $49,950 (must lease or purchase van) Royalty: $300 a month first four months / $700 a month second four months / $1,100 a month thereafter Average Number Of Employees: Varies depending upon business model/generally around 3 as business grows Passive Ownership: Not Allowed/Active Ownership (Mon-Fri / 8am to 6pm)
SUPPORT & TRAINING PROVIDED Financial Assistance Provided: Outside lending / SBA approved / 30% down non-borrowed funds with good credit and 6 months capital Site Selection Assistance: Yes Lease Negotiation Assistance: N/A Co-Operative Advertising: 5% from some factories rebated quarterly Training: Extensive: 20 weeks - Two weeks pre-training at home / 1 week in Dallas / 16 weeks business development training while running business (talks with Business Development Manager everyday first 40 business days) / final training 1 week in Dallas (Soft Side Academy) / up to $1,000 travel reimbursement provided for first week training in Dallas. This reimbursement is for airfare, hotel, and rental car with receipts.
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