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 Q
- What are the start up costs to open a Lady Bug Franchise?
A - Typical start up costs may vary. The initial
franchise fee is $30,000. Other start up costs include
application equipment and materials, a vehicle meeting
company specifications, a computer and software, uniforms,
insurance premiums, office supplies, advertising, the
purchase price of customers existing in the territory,
working capital and any other miscellaneous expenses. The
range for these items is from $28,500 - $46,600,
including the first 3 months of expenses.
Q - Are there continuing franchise fees?
A - Continuing franchise fees are 5% -10% of the weekly
gross sales. These fees are for continuing rights to use
the Lady Bug franchise system, its trade secrets,
operating procedures, marketing methods, logos, use of our
license and
trademarks. Separately, advertising fees of up to 2% can
be charged and used for promotion.
Q - What kind of training does Lady Bug offer?
A - The training program is offered in Mesa,
Arizona. The program consists of both field training and
administrative training for approximately 2 weeks to 2
months,
depending on the needs of the individual. Ongoing support
is available and encouraged to franchisees as well. All franchisees
are required to attend the training program and
successfully complete it before opening a franchise.
Q - What are the next steps?
A - After reviewing this information, if you are
interested in a Lady Bug Franchise, please fill out
the confidential application for additional information
and mail it to the Mesa, Arizona address. Once we
receive your application, we may send you a franchise
offering circular. Before signing a franchise agreement
with you, we would like to see your business plan for the
proposed franchise and personally meet with you.
Q - What information is available regarding potential
sales, earnings, and profitability?
A - Prospective franchisees may contact existing
franchisees and question them on their franchise. The Lady
Bug Franchise Corporation policy is that no employee or agent can provide
projections as to potential sales, earnings or
profitability.
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