SuperGreen Solutions Franchise Cost & Fees
Date of Incorporation: 2010
Franchising Since: 2012
Headquarters: West Palm Beach, Florida
Business Description: The franchisor is Greener Energy, LLC. A SuperGreen Solutions Store provides a holistic solution to the energy needs of businesses and commercial and residential property owners by offering energy efficient products which both lower energy bills and the carbon footprint of its customers. These products include solar power, solar car ports, electric vehicle charge points and stations, efficient water heating systems, atmospheric water filters, skylighting and natural lighting systems, LED and other efficient lighting, ventilation, weatherization, and insulation, wind power, energy management and climate control systems.
Franchise Offer: The franchisee will own and operate a SuperGreen Solutions franchise which operates a full service retail business offering energy efficient products and services. In addition to selling these products, the franchisee’s store would provide energy assessments and the design, construction and installation of these products at the customer’s location.
Financial Assistance: The franchisor is not obligated to offer directly or indirectly any arrangements for financing of franchisees’ initial investment, their equipment or the continuing operation of their franchise. It does not guarantee franchisees’ note, lease or any other obligation.
Training and Assistance: All of the training hours (80 hours) are provided in the franchisor’s training facility in West Palm Beach, Florida. Its field representatives provide additional training during the initial set-up of the store. An additional trainee may attend the training program with the franchisee. Although it is not required, franchisees may attend a refresher training program or send their representative to be trained at any time in the future. The franchisor will visit franchisees in their store at least once each year in order to ascertain the progress of their SuperGreen Solutions store and to assist them. As of the date of this Disclosure Document, the franchisor plans to provide one regional SuperGreen Soultions meeting per year.
Territory: Franchisees are granted the right to operate a SuperGreen Solutions Business from their store site within a designated territory. The designated territory will be a geographic area around the premises of the SuperGreen Solutions store. The area may consist of a specific mile radius or other area defined by city limits, highways or streets, zip codes, or other similar factors as the franchisor may determine. There is no minimum size for a designated territory and the size of the designated territory will vary depending on the population and business counts. During the term of the franchise agreement, the franchisor will not establish either a company or affiliate owned “SuperGreen Solutions” business, or another “SuperGreen Solutions” franchise within the designated territory.
Term of Agreement and Renewal: The length of the initial franchise term is 35 years. A renewal term of 35 years is available, if requirements are met.
Obligations and Restrictions: If the franchisee is an individual, he/she must directly supervise and manage the SuperGreen Solutions store. If the franchisee is a corporation, partnership or other business entity, a principal, general partner or a fully trained manager must devote full-time and best efforts to the management and operation of the SuperGreen Solutions store. The SuperGreen Solutions store must at all times be under the direct on premises supervision of someone who has completed the training program. The franchisor requires franchisees to offer and sell only goods and services that it has approved but there is no obligation to provide all of the services and goods authorized by SuperGreen Solutions.
Estimated Number of Units: 25
|Name of Fee||Low||High|
|Initial Franchise Fee||$49,500||$49,500|
|Travel and Living Expenses While at Training School||$210||$490|
|Real Estate (rental payment vary from location to location)||$3,800||$9,000|
|Security Deposit/Utility Deposits/Licenses||$1,500||$10,000|
|Additional Funds - 0 to 6 Months||$45,000||$60,000|
|Type of Fee||Amount|
|Royalty||A monthly royalty fee equal to the greater of:
5% of gross revenues for the month until annual gross revenues exceed $999,999;
4% of gross revenues for the month until annual gross revenues exceed $1,999,999;
3% of gross revenues for the month when annual gross revenues exceed $1,999,999, or a minimum monthly royalty of $500 per month for months 4-15;
$1,000 per month for months 16-27 and $1,500 per month after 27 months.
|Marketing Fee||The greater of 1% of the franchise’s monthly gross revenues or $200 per month.|
|Transfer Fee||The greater of $24,500 or then current transfer fee at time of transfer.|
|Point of Sale System||$1,300 per year of then current fee.|
|Web Hosting and Maintenance Fee||$50 per month or then current fee.|
|Email Account Fee||$12 per year per email address or then current fee.|
|Employee Training Fee||$200 or then current fee per person attending plus travel, hotel and meal expenses.|
|Late Fees & Interest Charges||$100 per late sales report; 18% of any amount past due or the maximum rate allowed by law, whichever is less, plus $10 per day from day payment is due until payment is made.|
|Additional Assistance||Agreed to amount based on estimated costs of travel and assistance needed.|
|Audit||Cost of audit plus interest on underpayment.|
The above information has been taken from the FDD of SuperGreen Solutions. Date of FDD: 2015
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