BillboardConnection
Date of Incorporation: 2003
Franchising Since: 2003
Headquarters: West Palm Beach, Florida
Description: Billboard Connection offers and sells franchises for advertising agencies specializing only in out of home media such as billboards, airports, malls, mobile, aerial, stadiums and transit.
Franchise Offer: The franchisee will operate an advertising agency specializing in out of home media such as billboards, airports, malls, mobile, aerial, stadiums, and transit.
Financial Assistance: The franchisor is not obligated to offer directly or indirectly any arrangements for financing of the initial investment, equipment or the continuing operation of the franchise. The franchisor does not guarantee the franchisee’s note, lease or any other obligation. Arranged for the franchisee is the equipment leasing through Omni Leasing.
Training and Assistance: Prior to opening a franchise BBC Agency, the franchisee must attend and complete a one week training program held at corporate headquarters consisting of 39 classroom hours and 43 on the job hours.
Territory: The franchisee is granted the right to operate a Billboard Connection Agency from a location within an exclusive designated marketing area.
Term of Agreement and Renewal: The length of a franchise term is 35 years with the option of renewal for 35 years providing the franchisee has met the requirements. The fee for renewal is $1,500.
Obligations and Restrictions: If the franchisee is an individual, he or she must directly supervise and manage his or her BBC Agency. If the franchisee is a corporation, partnership or other business entity, a principal must devote full-time efforts to the management and operation of the BBC Agency. The franchised location must at all times be under the direct supervision of someone who has completed the training program. Franchisees are required to offer and sell only goods and services that the franchisor has approved of. The franchisee has sole and absolute discretion in all product-pricing matters.
Total Number of Units: At the end of the 2008 fiscal year, 66 units were operating.
Investment Table:
Initial Investment:
| Name of fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $14,500 | $24,500 |
| Advertising Fund Initial Membership Fee |
$500 | $500 |
| Travel and Living expenses while at training school |
$125 $18 per day |
$280 $40 per day
|
| Equipment Package | $16,990 | $16,990 |
| Equipment Lease Deposit and Processing Fee | $1,132 | $1,132 |
| Yellow Page Advertisement (for 6 months) | $300 | $1,500 |
| Insurance | $750 | $2,000 |
| Opening Supplies | $500 | $1,500 |
| Additional Funds (0-6 months) | $0 | $5,000 |
| Totals if franchisee leases the equipment package | $17,807 | $36,412 |
Ongoing Fees:
| Type of Fee | Amount |
|---|---|
| Royalty | 3.5% of franchisee monthly gross billings with a minimum monthly royalty of $100 in the first 12 months and $350 thereafter. |
| Intranet Maintenance Fee | $35.00 per month |
| Transfer/Training Fee | The greater of $14,500 or then current transfer fee at time of transfer. |
| Website Hosting and Maintenance Fee | $399 per year or then current fee |
| Renewal Fee | $1,500 |
| Audit | Cost of audit plus interest on underpayment. |
The above information has been taken from the UFOC/FDD of Bilboard Connection
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