Start-Up Costs and Fees |
||
| iDropped | Concerto Networks | |
| Investment | 60100 - 119089 | 23400 - 47900 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 14% |
| Advertising Fee | 2% | |
| Year Founded | 2012 | 2002 |
| Year Franchised | 2014 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| iDropped | Concerto Networks | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| iDropped | Concerto Networks | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| iDropped | Concerto Networks | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Number of Employees Required to Run: 1 - 3 | Franchise can be run from home. International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| iDropped | Concerto Networks | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| iDropped | |
| Concerto Networks | |
| Franchise Fee | |
| iDropped | |
| Concerto Networks | |
| Royalty Fee | |
| iDropped | 6% |
| Concerto Networks | 14% |
| Advertising Fee | |
| iDropped | 2% |
| Concerto Networks | |
| Year Founded | |
| iDropped | 2012 |
| Concerto Networks | 2002 |
| Year Franchised | |
| iDropped | 2014 |
| Concerto Networks | 2003 |
| Term Of Agreement | |
| iDropped | |
| Concerto Networks | 10 years |
| Renewal Fee | |
| iDropped | |
| Concerto Networks | Varies |
Business Experience Requirements |
|
| Experience | |
| iDropped | |
| Concerto Networks | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| iDropped | |
| Concerto Networks | |
| Start-up Costs | |
| iDropped | |
| Concerto Networks | |
| Equipment | |
| iDropped} | |
| Concerto Networks | |
| Inventory | |
| iDropped | |
| Concerto Networks | |
| Receivables | |
| iDropped | |
| Concerto Networks | |
| Payroll | |
| iDropped | |
| Concerto Networks | |
Training & Support |
|
| Training | |
| iDropped | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Concerto Networks | |
| Support | |
| iDropped | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection |
| Concerto Networks | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| iDropped | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Concerto Networks | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| iDropped | Number of Employees Required to Run: 1 - 3 |
| Concerto Networks | Franchise can be run from home. International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| iDropped | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Concerto Networks | |
| Canada Expansion | |
| iDropped | |
| Concerto Networks | |
| International Expansion | |
| iDropped | |
| Concerto Networks | |