The Wireless Toyz franchise is service based on sale of wireless gadgets. The business is suitable for people with passion of experiencing the fast development nationwide. The development of this organization has been steady such that it was ranked to be at position 98th in 2008 by Entrepreneur Magazine franchise 500.
The start up capital of the business varies from ne location to the other. Generally, franchisees require having liquid capital ranging between $30,000 and $50,000. The organization works in cahoots with small financial institutions as well as banks to provide financial support to the entrepreneurs.
The average capital required to start Wireless Toyz fanchise ranges between $190,000 and $300,000. The initial franchise fee stands at $30,000. Royalty fee of 13% is charged on the business. The term of contact expires after a decade but the contract is renewable at the cost of $10,000.
The first business unit of the company was established in 1995 but franchising opportunity started in 2001. Since the first store was established, there are many stores that have been established successfully from the sound concepts of this business as well as unflinching support offered to the entrepreneurs.
A single franchised business unit requires at least 4 persons to be operated successfully. All businesses are owner operated and absentee ownership of the business is snot allowed. General experience in the business as well as unrelenting interest in the industry is essential to the franchisee to ensure that they succeed.
Advantages of investing in Wireless Toyz franchise
There are many important provisions that are provided by this business concept to the franchisees thereby saving them a lot of hassle that would have cost them a lot of money and time. They include:
- Assistance in identifying real estate
- Business layout assistance
- Established network of experienced suppliers
- Initial training
- Continued support and training assistance to help your staff in acquiring the required skills
- Marketing and advertising assistance
- Ready made training and operation manuals.
- Continued field evaluation and business analysis
- Availability of customer demographic information
The Wireless Toyz is at an aggressive development stage. The franchise is positioned at a strategic position to help it develop further on its existing success. As the number of people using cell phones is increasing, the more the franchise is expanding.
What do franchisees get?
- Professional location appearance
- Continued product training
- Networking and promotion events to make your business popular
- Certified wireless professionals with a lot of skills and knowledge in the service