3/10

Franchimp Summary Rating

3 /10
Higher than 71% of peers

Franchise Summary

Description
You will operate a business selling managed information technology (IT) service business, operating under th e nam e "Th e Laun ch Pad" offering technology management solutions, as wel l as a variety of professional technology services and products, some served with channel partners, to small and mid-sized businesses using the System as described i n this document.
Company Background
The Launch Pad is a business that helps small and mid-size businesses manage their IT. The company offers technology management solutions, as well as a variety of professional technology services and products.
Franchise Opportunity
The market for technology service providers (TSPs) is highly competitive and the barriers to entry are low. TSPs must find ways to differentiate themselves from their competitors in order to win business from customers, who often have multiple options available when seeking a new or replacement provider. Th e Launc h Pad offers an innovative solution that addresses these challenges by combining proven technology services with professional services delivered through a network of channel partners, allowing us t o deliver high quality solutions at lower cost than our competitors can offer. Our business model will be successful because it provides our customers with access to the best possible information technology management solutions at a price they can afford, while providing us with the ability to generate profits and grow organically over time without requiring significant capital expenditures or outside financing . We believe that we will be able to rapidly scale up this model once we launch operations as planned due t o its focus on delivering superior value for money and outstanding
Royalties and Marketing Fees

Royalties : 7% of Gross Revenues or a minimum of $500 per month for the first anniversary year, with a grace period of 30 days post training. 7% of Gross Revenues or a minimum of $750 per month for the 2nd anniversary year and 7% of Gross Revenues or a minimum of $1000 per month for each anniversary year of the remaining franchise agreement.

Royalties : 2% of Gross Revenues or $200, if greater during 1st anniversary year; We reserve the right to increase the National Marketing Fee to not more than 4%. 2% of Gross Revenues or A minimum fee of $400 per month is due for the 2nd anniversary year and 2% of Gross Revenues or $600 per month for each anniversary year of the remaining franchise agreement.

Royalties : 6% of Gross Revenues but not to exceed $1,500 per month.

Employee Contact Database

# Name Position Phone Number Email Address

FAQ

How much investment do I need to start my own The Launch Pad business?
Franchisees typically require at least $103,650 to $168,550 investment to get their The Launch Pad business started
What are the initial franchise fees for The Launch Pad?
Franchisees typically need to pay at least $69,950 in fees directly to The Launch Pad in order to earn the right to launch their business
How much money can I make with a The Launch Pad franchise? What are the average revenues for a typical The Launch Pad business?
We haven’t done the math on how much revenue a typical The Launch Pad brings in each year. We estimate that other franchisees in the Professional Services industry generate $932,459 revenue, so we would expect The Launch Pad to generate a similar amount
How long do I need to commit to running a The Launch Pad unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

3 /10
The Franchisor's investment costs ranges from $101,950 to $154,950 which is Much Higher than the $0 to $0 average in the Computer Products and Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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