Biker Information Guides
Date Incorporation: 2006
Franchising Since: 2006
Headquarters: Arizona
Description: Biker Information Guides services are offered to the general public under the "Biker Information Guide®" and "Sport & Metric" trademarks, trade names, service marks, and logos. The "Biker Information Guide®" magazine is oriented towards Harley-Davidson motorcycle enthusiasts and motorcycle-oriented businesses and the "Sport & Metric" magazine is oriented to all other motorcycle enthusiasts and motorcycle-oriented businesses.
Franchise Offer: The franchise on offer is for the operation of a business that publishes magazines containing information and advertisements oriented toward motorcycle enthusiasts and motorcycle-orient businesses within a specified geographic area and using the franchisors unique system.
Financial Assistance: The franchisor does not offer any direct or indirect financing nor do they guarantee any note, lease or obligation.
Training and Assistance: The franchisor will provide an initial training program for your first magazine lasting approximately 4 business days. The training will also consist of 18 days of on-the-job training. The franchisee may have 1 additional person attend the initial training program at no additional training fee. If the franchisee desires to have additional people attend the initial training program the franchisor may charge a fee
Territory: The franchisee is granted a specific geographic location. The franchisee may operate their Information Guide Business only from an approved location however the franchisee will not receive an exclusive territory. The franchisee may face competition from other franchisees, from outlets that the franchisor own, or from other channels of distribution or competitive brands that they control.
Term of Agreement and Renewal: The term of the franchisee agreement is 5 years. The successor franchise right permits the franchisee to remain as a franchise after the initial term of the Franchise Agreement expires. If the franchisee wishes to do so, and they satisfy the pre-conditions to obtaining a Successor Franchise, the franchisor will offer them the right to obtain an additional term of five years.
Obligations and Restrictions: The franchisee or a manager must complete the training program and must supervise and participate in the actual day-to-day operation the Information Guide Business. Neither the franchisee nor their manager may have an interest or business relationship with any of the franchisor’s business competitors.
Total Number of franchises Units: 5 units at the end of 2007.
Investment Tables:
Initial Investment:
| Name of fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $20,000 | $40,000 |
| Area Development Fee | $0 | $60,000 |
| Lease | $0 |
$3,000 |
| Travel and living expenses while training | $0 | $4,000 |
| Construction and remodeling | $0 | $2,000 |
| Furnishings | $0 | $2,000 |
| Signage | $0 | $500 |
| Equipment | $2,000 | $3,000 |
| Inventory | $0 | $500 |
| Utility deposits and fees | $0 | $500 |
| Business licenses | $100 | $500 |
| Website Fees | $2,250 | $3,325 |
| Wages for employees | $0 | $0 |
| Legal and accounting fees | $500 | $1,000 |
| Insurance | $2,000 | $5,000 |
| Other operating funds/working capital (initial 3 months) | $10,000 | $40,000 |
| Total | $36,850 | $164,825 |
Ongoing fees:
| Name of fee | Amount |
|---|---|
| Royalty Fees | The greater of 3% of Gross Revenue or $500.00 per magazine per quarter for each edition of an Information Guide magazine you publish. |
| National Marketing Fee | Up to 4% of Gross Revenue. |
| Additional training | Currently $250.00 or $500.00 per day |
| Website Fees | An initial fee of $1,500 per magazine to set up website, plus, depending upon the size of the Information Guide magazine, a fee of $400 to $500 per magazine per month for website maintenance and the electronic newsletter and quarterly charges to lay out each magazine. |
| National Accounts Advertising Fee | 15% of Gross Revenue from National Accounts |
| Audit fee | If Gross Revenue is understated by 2% or more, the franchisee pays the cost to audit, plus interest on understated amounts. |
| Transfer Fee | $2,000 if the transfer is a transfer of an interest in a franchise among the other members of the ownership group and $10,000 if the transfer is to any other person or entity. |
| Successor Franchise Fee | $2,000 per magazine |
| Fee for Lost Manuals | $1,000 |
| Late Fees or Interest on late payments | Highest allowable rates by law or 1.5% per month. |
| Insurance | An annual premium of approximately $2,000 -$5,000, plus administrative fee of 15% of cost of insurance. |
| Fees on default and indemnity | All costs associated. |
| Extension Fee | $3,000 per magazine |
| Termination Fee | The average of the monthly Royalties for the 36 months preceding our termination or, if the franchisee has been operating the Information Guide Business for less than 36 months, the average of the months that they have operated the Information Guide Business prior to termination, multiplied by the lesser of (i) 36, or (ii) the number of months remaining in the term of the Franchise Agreement |
The above information has been taken from the UFOC/FDD of Biker Information Guides
Franchise Direct's Disclaimer
You may be interested in the following franchises...
Plan Ahead Events
This exciting event management franchise is very easy to start up as a home-based, low cost business!
Minimum Cash Required: $32,500.
SIGNARAMA
Join SIGNARAMA, the largest sign franchisor in the world. We'll show you how to succeed!
Minimum Cash Required: $44,500.
Your Request List