What does a OpenWorks Franchise Cost?
OpenWorks franchise fees for 2024:
Cash Investment: $45,000 to $250,000
Total Investment: $86,746 to $427,057
Minimum Net Worth: $500,000
Franchise Fee: $50,000 to $400,000
Royalty: 5% of gross revenue, but not less than specified
minimums
Ad: Up to 1% of gross rvenue
Average Number of Employees: 3-15
Passive Ownership: Yes
Home Based: No
B2B: Yes
Master Franchise Opportunities: Yes
Is OpenWorks a Semi Absentee Franchise with a Passive Ownership Opportunity?
Yes. OpenWorks is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.
Is OpenWorks a Home Based franchise?
No. OpenWorks is not a home based franchise opportunity.
What Do OpenWorks Franchise Owners Make?
This information is not available. OpenWorks does not offer an Item 19 in their Franchise Disclosure Document.
Is OpenWorks a Master Franchise Opportunity?
No. OpenWorks is not a master franchise opportunity.
Does OpenWorks Offer a Veteran Discount?
No. OpenWorks franchise does not offer a veteran discount.
Does OpenWorks Work with E2 Visa and EB-5 Visa Candidates?
No. OpenWorks franchise does not work with E2 Visa and EB-5 Visa candidates.
Is OpenWorks Looking for Franchisees in Canada?
No. OpenWorks franchise is not looking for Canada franchisees.
Is OpenWorks Looking for International franchisees?
No. OpenWorks franchise is not looking for International franchisees.
Where can I see OpenWorks's FDD (Franchise Disclosure Document)?
Buying a Franchise Guide: What is a Franchise Disclosure Document?
When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.
Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.