Proforma
Date of Incorporation: 1978
Franchising Since: 1986
Headquarters: Ohio
Description: Proforma offers franchises for the operation of businesses specializing in the sale and distribution of printed business products and services, including business forms, commercial printing, specialty advertising items and related business supplies.
Franchise Offer: Proforma franchise is offering the sale and distribution of printed business products and services, including business forms, commercial printing, specialty advertising items and related business supplies in primarily a business-to-business atmosphere. The franchisee may operate the Franchised Business from their home. However, the franchisee may purchase or lease a commercial establishment for the business. The Proforma System includes accounting methods, advertising, marketing and promotional techniques, preferential vendor relationships, volume purchasing power, account acquisition programs, personnel training and other matters related to the maintenance of uniform quality standards and to the efficient operation and supervision of businesses operated under the Proforma System. The Proforma System includes the right to offer and sell products and services on the Internet. The franchisee may only offer products or services which franchisor approved. A major benefit of the Proforma System is that the franchisor invoices the customers, pay franchisee’s vendors, including the franchisor, from amounts the franchisor collects from customers on franchisee’s behalf, assist in the identification of vendors who can fill customers' needs, provide reports, and perform certain other bookkeeping and record keeping functions on franchisee’s behalf.
Financial Assistance: See Proforma's FDD.
Training and Assistance: The franchisor will provide with one week of initial instruction in the operation of a Proforma Franchised Business. The training takes place either at Cleveland, Ohio Support Center or in another location. All expenses incurred in initial training, including the cost of travel, room, board and wages of the person receiving this training, will be borne by the franchisee. The franchisor will provide and pay only for the training instructors, facilities and required training materials. Initial training by Proforma is mandatory for all new franchise owners and for all additional employees of the franchised business.
Territory: The franchisee will not receive an exclusive territory. The franchisee may face competition from other franchise owners, from outlets, or from other channels of distribution or competitive brands.
Term of Agreement and Renewal: The franchise agreement becomes effective when both parties sign it and its term extends until either party terminates the franchise agreement as provided for in the franchise agreement.
Obligations and Restrictions: The franchisee must initially operate and manage the Franchised Business. At no time can the franchisor may hire or retain a person to operate or manage the Franchised Business without first giving written notice, and obtaining written consent from the franchisor. The consent may be unreasonably withheld at sole discretion of the franchisor. The franchisee must provide training for the approved individuals who intend to operate the business.
Total Number of Units: Over 710 units
Investment Tables:
Initial Investment:
| Name of Fee | Low | High |
|---|---|---|
|
Initial Franchise Fee: Start-Up |
$19,500 |
$19,500 |
| Computer Hardware | $0 | $4,000 |
| Internet Service Provider And Anti-Virus Software | $30 | $200 |
| Equipment, Fixtures, Fixed Assets and Stationery | $700 | $3,000 |
| First Month Pre-Opening Lease, Rent & Security Deposit | $0 | $2,000 |
| Utility Deposits, Insurance, Licenses | $0 | $1,500 |
| Travel, room and board for initial training | $1,000 | $2,000 |
| Supplemental Training Fee | $0 | $495 |
| Additional Funds | $3,000 | $6,000 |
|
TOTAL: |
$24,230 |
$38,695 |
Ongoing Fees:
| Name of Fee | Amount |
|---|---|
| Service Fee | 6% - 8% |
| Marketing Fund | 0.5%- 1% |
| Communication and Technology Support | $100.00 per month |
| Supplier Rebates, Commissions & Consideration | 100% of Amount Received |
| Insurance Costs | $300-$ 1,000 per year |
| Interest on Late Payments | 15% per annum |
| Long Distance Payments |
Cost of making/receiving calls |
| Payments to Third Parties | Cost of products |
| Supplemental Training Fee | Cost of meals and additional training materials |
| Miscellaneous Fees: Direct Vendor Payment Charge | 10% of the vendor invoice amount or a minimum of $100 |
| Payment Conversion Fee | 3 times amount collected |
| Account Acquisition Fee | An amount equal to 24 times average service fees the franchisee owed the franchisor during the 24 months before the Termination Date. |
Date of FDD: January 2010
The above information has been taken from the UFOC/FDD and online sources of Proforma.
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