WSI Internet
Date of Incorporation: 1996
Franchising Since: 2001
U.S Headquarters: Delaware
Country of Origin: Canada
Description: WSI provides businesses with economical results-oriented websites; website development; advanced promotional programs to generate high site traffic; economical hosting services; online audio, video and multimedia; secure e-commerce solutions; e-Learning solutions; e-business applications; and full-service Internet marketing systems, consulting and education. WSI parent company is World Technology Group Inc. a corporation organized under the laws of the State of Delaware on July 12, 2000.
Franchise Offer: The franchise offered from the National Internet Corporation is for WSI Businesses which provides full service Internet consulting, education and Internet marketing systems to businesses.
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 provides mandatory initial training for up to a maximum of 2 owners for no additional fee (including on a transfer or resale), although the franchisee must bear all expenses of the trainees including travel, meals, lodging, entertainment, laundry and wages. If the franchisee wishes to train more than 2 persons and the franchisor gives their written consent, there is a daily training fee of $1,500 per person. This is in addition to 40-60 hours of pre-requisite online learning.
Territory: The franchisee will not receive an exclusive territory. The franchisee may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands that they control.
Term of Agreement and Renewal: The term of the franchise agreement is 5 years with an option to renew for 4 consecutive 5 years terms if the franchisee is in good standing. The fee for renewal is $2,000.
Obligations and Restrictions: The franchisor requires that the franchisee personally participate in the direct operation of the Franchised Business. The franchisee must agree to maintain an active business operation according to the terms of the Franchise Agreement and to conduct the business in conformity with all accepted community standards of ethical business conduct. Franchisees who are WSI certified IM Professionals as a result of completion of the Initial Training program will have been trained on a selected number of the very best of the products and services currently available to all WSI franchisees, so that the franchisee will be trained to sell only those products and services which are considered to be "best of class".
Total Number of Units: More than 1,200 units
Investment Tables:
Initial Investment:
| Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $49,700 | $147,000 |
| Travel And Related Expenses During Training | $1,500 | $3,000 |
| Computer & Related Equipment | $1,000 | $4,000 |
| Office Supplies & Misc. | $100 | $300 |
| Permits & Licenses | $500 | $500 |
| Telephone (Installation) | $100 | $200 |
| Internet (Installation) | $50 | $50 |
| Marketing and Lead Generation | $5,000 | $7,000 |
| Legal & Accounting | $500 | $1,000 |
| Insurance | $400 | $600 |
| Additional Funds – 3 Months | $1,500 | $3,000 |
| Total Estimated Initial Investment (excluding real estate) | $60,350 | $166,650 |
Ongoing Fees:
| Name of Fee | Amount |
|---|---|
| Management Services Fee | 10% of Gross Revenues, but at least $300 per month during the first 24 months of Management Service Fee payments, thereafter increased to $500 per month |
| Fees for Website Development, Hosting and Other Web Services | Amount invoiced for website services purchased |
| Enterprise system access fee for staff | $500 each |
| Interest/Late Fee | 1.5 times the Prime Rate then being charged by Chase Manhattan Bank |
| Transfer Fee | $11,000 |
| Relocation Fee | $500 |
| Audit Fee | Cost of audit plus interest on the underpayment at the Default Rate |
| Additional Training Expenses | $1,500 per person per day for initial training |
| Translator Fee | $2,500 |
| Material or Product Translation | This will vary depending on the material or product |
| Indemnification | An amount equal to the value of all losses and expenses incurred by franchisor |
| Renewal Fee | $2,000 |
| Attorney's Demand Letter | $150 |
| Field Training Courses | $250 per course |
| WSI annual E & I Conference (Excellence & Innovation in the Network) | $479 |
Date of FDD: 2008
The above information has been taken from the UFOC/FDD and online sources of WSI Internet.
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