The Franchise

5. Being a BizSales Agent or Franchisee

Investment Summary

Rather than summarizing the costs of starting up a BizSales franchise, we have provided you with a copy of Item 7 of the current UFOC, “Initial Investment”. You can download the file in PDF format by clicking below. This document clearly states that the exact cost of opening an BizSales franchise cannot be estimated because your single greatest expense will depend on your area and the amenities and equipment you install in your office.

Costs of a BizSales Franchise

Fee	Cost	What is it used for
Franchise Fee	£8250/€12500	for business setup & initial training
Territory Fee	£1/€1.50 per business per territory (avg ~€6000 once off)	Marketing contribution to mailing and telemarketing
Marketing Fund	2p/3c per business per territory per month (avg ~£80/€120 from month 4)	To cover ongoing marketing and advertising
Royalty Fee	33.3% of turnover	To cover head office adminisation, marketing, advertising and management.

Set Up Costs

On average, starting a BizSales Franchise ranges from €20,000 to €30,000. Many factors, including location and whether home/office setup, affect this amount. Additional monies can be saved by utilizing a previously owned equipment.

The following chart will give you a good idea of what you will need to open a BizSales Franchise:

Expense	Cost
Initial Franchise Fee	€12500
One Time Consulting Fee	€0
Training Fee	€0
Rent (Home office)	€0
Lease & Utility Deposits	€0
Leasehold Improvements	€0
New Equipment Package	€0
Initial Inventory & Supplies	€0
Insurance	€0
Training	€0
Grand Opening Advertising	€0
Signage	€0
Working Capital	€4000
Office Equipment & Supplies	€1000
Estimated Totals	€17500

Financing

BizSales does not offer financing directly, but we will assist you with arranging financing. In many cases we are able to direct franchisees to financing sources. However, these are third parties, and their decisions will be made independently of BizSales. Usually, financing can be attained with 30% (cash or collateral) of the total start up costs.

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