10/10

Franchimp Summary Rating

10 /10
Lower than 9% of peers

Franchise Summary

Description
As a franchisee, you will operate an American Prosperity Group franchise, offering and selling a limited selection of estate and retirement planning products and services, including a selection of securities products, insurance products, and other complementary items.
Company Background
American Prosperity Group is a financial services company, which offers securities products and insurance for retirement. American Prosperity Group operates as a franchise system that provides support to its members through training, marketing materials, website access, and webinars. The company's mission is to provide an affordable option for those seeking help with their finances.
Franchise Opportunity
The U.S. retirement system is broken, and most people have no idea how to prepare for their golden years. AARP estimates that the average American family has only $59,000 saved for retirement! That's not enough to cover even a few months of living expenses in a nursing home or assisted living facility - let alone provide any real financial security on top of that! As an American Prosperity Group franchisee, you'll be part of one of the fastest-growing businesses in America today - helping families plan for their future prosperity with our easy-to-understand investment products and insurance solutions. Our proven business model gives you everything you need from start up through ongoing training and support so that your success is guaranteed as we help tens of thousands across America build better futures together.
Corporate Structure
MTC Enterprises, Inc. d.b.a American Prosperity Group is a Delaware corporation that was incorporated on November 12, 2003. Originally, their name was “Asset Preservation Group, Inc.”. They changed their name to MTC Enterprises, Inc. on November 16, 2004. They do business under the Trade Name “American Prosperity Group®” and under the acronym “APG”. Their principal business address is 901 Route 23 South Pompton Plains, NJ 07444-1038.
Investment and Franchisee Fees
The total investment necessary to begin operation of an American Prosperity Group franchise ranges from $95,800 to $127,300. This includes the sum of $58,000 that must be paid to MTC Enterprises, Inc. or its affiliates.

Distribution of APG American Prosperity Group Franchisees

APG American Prosperity Group Franchise System Development in 2015

FAQ

How much investment do I need to start my own APG American Prosperity Group business?
Franchisees typically require at least $95,800 to $127,300 investment to get their APG American Prosperity Group business started
What are the initial franchise fees for APG American Prosperity Group?
Franchisees typically need to pay at least $50,000 in fees directly to APG American Prosperity Group in order to earn the right to launch their business
How much money can I make with a APG American Prosperity Group franchise? What are the average revenues for a typical APG American Prosperity Group business?
We haven’t done the math on how much revenue a typical APG American Prosperity Group brings in each year. We estimate that other franchisees in the Professional Services industry generate $932,459 revenue, so we would expect APG American Prosperity Group to generate a similar amount
How long do I need to commit to running a APG American Prosperity Group unit? What is my contractual commitment?
APG American Prosperity Group franchisees are typically required to sign up to a 15 year contract initially. The renewal length is 15 years. You can of course exit early but don’t expect to get any refund!

Accessibility

10 /10
The Franchisor's investment costs ranges from $19,500 to $62,000 which is Much Lower than the $0 to $0 average in the Business-Related 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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