Images 4 Kids Franchise Cost & Fees
Date of Incorporation: 2005
Franchising Since: 2005
Headquarters: Dallas, Texas
Description: The Images 4 Kids (I4K) Franchising Corporation is a Texas Corporation which grants franchises to provide "school picture day" photography services at daycares, preschools, private schools and other venues under the name "Images 4 Kids®". Primarily, franchisees photograph infants and children up to five years in age.
Franchise Offer: The franchisee will provide "school picture day" photography services at daycares, preschools, private schools and other venues under the name Images 4 Kids®. After the franchisee has operated the franchised business for at least one year, and with the franchisor’s permission, he or she may provide other types of photography services. The franchisee will have the right to use the franchisor’s proprietary business format and system, which includes standards and procedures for interacting with children, selecting and using photographic scenes (including backgrounds and props), cropping photos, using lighting techniques for the photos and working with us and/or preferred vendors to produce studio quality child portraits.
Financial Assistance: The franchisor does not offer direct or indirect financing. They do not guarantee the franchisee’s note, lease or obligation.
Training and Assistance: The franchisor provides training for the franchisee and one other person of his or her choosing. There is no charge for two people to attend the same Initial Training Program session. If the franchisee decides to bring more than one additional person to the Initial Training Program, the fee will be $1,500 per additional attendee. The franchisee must pay all travel and living expenses for him or her and the employees who attend our initial training.
Territory: The franchisee will provide "school picture day" photography services within a defined area that will be identified in the franchise agreement. The franchisor will neither operate nor grant others the right to operate another business specializing in the onsite provision of child portrait services in the franchisee’s Territory. The franchisor will not solicit, or grant others the right to solicit, business in the franchisee’s territory.
Term of Agreement and Renewal: The length of the term is 10 years. This can be renewed any number of times for a 10 year period, if the franchisee meets the requirements set by the franchisor. The fee for renewal is $5,000.
Obligations and Restrictions: The franchised business must be supervised, at all times, by the franchisee, if the franchisee is operated as a sole proprietorship, or by a person with a controlling ownership interest in the franchisee, if the franchisee is a corporation or other business entity. This person must attend and successfully complete the initial training program. The franchisee must offer and sell all services and products prescribed and may offer and sell authorized services and products.
Total Number of Units: Total number of franchised outlets at year ended 2006: 75
|Name of Fee||Low||High|
|Initial Franchise Fee||$22,500||$22,500|
|Backgrounds, Props & Settings||$8,500||$8,500|
|Computer Hardware and Software||$0||$1,500|
|Office Furniture & Equipment||$0||$1,000|
|Office Supplies and Stationery||$250||$1,000|
|Minimum Marketing Expenditures||$3,000||$3,000|
|Legal & Accounting Fee||$250||$1,500|
|Additional Funds (3 months)||$5,000||$20,000|
|Name of Fee||Amount|
|Additional Initial Training Fees (Optional)||$1,500 for each additional person attending initial training|
|On-Site Assistance (optional)||$350 per day + travel & lodging expenses|
|Additional purchases of at least two new photographic scenes annually starting from the date the Franchise Agreement is signed.||Typically $400 to $1,100 per scene|
|Additional Territory Fee||$.10 per person in the additional territory|
|Late Fees & Interest Charges||$25 administrative fee if electronic payment fails on account of non-sufficient funds in the franchisee’s bank account; reimbursement of I4K's bank charges; 1.5% interest per month on all unpaid balances|
|Web Site Hosting/ Internet Services Fee||$79.95 per month + $50 per month for each Additional Services option|
|Advertising Fund Contribution||Up to 2% of Gross Production Revenue|
|Administrative Fee||$25 per instance|
The above information has been taken from the UFOC/FDD of Images 4 Kids.
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