What Are the Start Up Costs?
Startup cost for a Cinch IT Franchise ranges from $73,000 – $118,000.That includes a $45,000 franchise fee that covers the grant of the licensed rights, 6-week initial online training, 2 weeks of onsite training at the corporate headquarters for two people, an online operation manual, a designated territory, federally registered trademark, and a comprehensive sales and technical system.
Here is a look at other startup costs, as outlined in the Item 7 section of our Franchise Disclosure Document. Because our veterans have already proven their capacity for leadership and following systems and processes, Cinch IT is pleased to offer, through our partnership with VetFran, 20% off the initial franchise for any honorably discharged or retired military veteran who desires to fulfill their dream of entrepreneurship.
|Investment||Amount||Method Of Payment||When Due||To Whom Payment Is Made|
|Initial Franchise Fee||$45,000||Lump Sum||Upon execution of the franchising agreement||Us|
|Business License||$1,500 (estimated)||Monthly Lump Sum||Prior to opening for business||Us & approved outside vendors|
|Initial Equipment & Software Licenses||$3,000 to $5,000||Lump Sum||Prior to opening for business||Various outside suppliers|
|Travel||$2,500 (estimated)||As Incurred||As Agreed||Lessor|
|Marketing Starter Package||$40,000||As Incurred||As Agreed||Various|
|Additional Funds||$40,000 to $60,000||As Incurred||As Agreed||Various|
3rd Party Financing is Available
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