Franchising Since: 2003
Headquarters: Cincinnati, Ohio
Estimated Number of Units: 45
Franchise Description: G.C. Franchising Systems, Inc. is the franchisor. A Growth Coach franchise provides business and sales coaching, executive coaching, business management, and consulting services to business owners, managers and executives, and self-employed professionals. Franchisees will coach their clients to develop or enhance effective business and sales habits, management and organizational skills, business strategies, action plans, and sales techniques. Franchisees may also provide project management assistance to selected clients.
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Territory Granted: The franchisor will grant franchisees an exclusive protected territory that will consist of one or more contiguous postal code areas. The territory franchisees will receive for the base franchise fee will contain between 12,500 and 15,000 businesses as determined by the mapping system designated by the franchisor. If the number of businesses in the territory exceeds 15,000, franchisees must pay an additional $5,000 for all or part of every 1,000 businesses in excess of 15,000. The exclusivity of the territory does not extend to clients that the franchisor identifies as “national accounts.”
Obligations and Restrictions: The franchisor does not require that franchisees personally supervise the franchised business, although it recommends that they do so. The franchised business must be directly supervised by a manager who has been approved by the franchisor and has successfully completed the training program. Franchisees many use no other name for the franchise other than the name “The Growth Coach” without the franchisor’s prior written approval. Franchisees may not use the premises on which the franchised business is located for any purpose other than the operation of a Growth Coach franchise and the sale of authorized products and services without the franchisor’s express written permission (this restriction does not apply to franchisees operating the franchised business from their home).
Term of Agreement and Renewal: The length of the initial franchise term is five years. If they wish to do so, and they satisfy the required pre-conditions to renew, the franchisor will offer franchisees the right to obtain an additional five-year term.
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease, or obligation. The franchisor offers up to a $5,000 discount on the initial franchise fee to veterans who meet the franchisee requirements and those of the VetFran program.
Estimated Initial Investment
Name of Fee | Low | High |
Initial Franchise Fee | $39,900 | $39,900 |
Furniture and Equipment | $500 | $1,000 |
Computer System | $1,000 | $3,000 |
Travel & Living Expenses While Training | $750 | $1,500 |
Initial Rent, Telephone, Bank and Other Deposits | $350 | $2,000 |
Additional Funds – 6 months | $5,000 | $18,000 |
Grand Opening Promotion | $3,000 | $4,500 |
Lead Generation Program | $3,000 | $3,000 |
Monthly Office Rental Payment | $0 | $1,000 |
Insurance | $500 | $2,000 |
ESTIMATED TOTAL | $54,000 | $75,900 |
Other Fees
Type of Fee | Amount |
Royalty Fee | 10% of gross revenues; $750 monthly minimum for 12 months; $1,000 monthly minimum thereafter. |
National Branding Fee | 3% of gross revenues; $350/month minimum. |
Local Cooperative Advertising | Up to 3% of gross revenues unless a majority of the cooperative members agree on a higher contribution. |
Transfer Fee | The greater of either $15,000 or 10% of the purchase price, plus legal and administrative expenses. |
Lead Referral Fee | $10,000 |
Technology/Software License Fee | $125 per month. |
Cloverleaf Consulting | $175 per month. |
Franchisee Meetings | $350 per person. |
Formation of Business Entity | Variable. |
Late Fee | The greater of $100 or 10% of past due amount; $50 for ACH payments returned for insufficient funds; $100 for late revenue reports. |
Interest | 18% |
Client Refunds | Variable. |
Audit Fee | Cost of audit plus 18% interest on underpayment. |
Territory Amendment Fee | $1,500 |
Sales/Use Taxes | Variable. |
Indemnification | Variable. |
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