Minnesota presents an array of franchise opportunities for would-be investors. If you are looking for franchise opportunities in strong brands that have stood the test of time and have continually proven to be reliable, look no more!
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This is because this article covers lucrative franchise opportunities available in Minnesota. There are several of them, but this article selects covers few of the very best franchise opportunities in Minnesota.
Estimated to be a $55 billion global market, the sign industry is thriving and continues to show signs of further growth. Signarama is another of those many franchise opportunities in Minnesota that you should be taking note of. Signarama is a sign company dealing mostly in printing, banner, tradeshow props, vehicle graphics, digital displays, storefront signs, colour wrap film and many other services.
Signarama continues to dominate the market through the deployment of cutting-edge technology, thereby driving rapid growth and higher profit margins.
Founded in 1986 by Ray Titus, who doubles as its CEO, Signarama went into franchising a year later. It has United Franchise Group as its parent company. At the time he started, this line of business was being run mostly by craftsmen, but today, it is no longer the case due to technology, and Signarama has led the way in deployment of technology.
To buy a Signarama franchise, there are financial requirements that need to be met. These requirements include an Initial Investment of $94,298 to $272,270. A Net-worth requirement of $49,500 and a Liquid Cash requirement of $49,500.
Ongoing fees are charged by Signarama and these include an Initial Franchise fee of $49,500, an Ongoing Royalty fee of 6%, and an Ad Royalty fee of $500/mo.
Signarama has relationships with third-party finance sources which provide financing to cover areas such as franchise fee and other areas.
The Veteran Incentives Program
Signarama has a veteran incentives program that provides discount of 10 to 50% off franchise fee.
How to Join
Joining Signarama is easy! Simply logon to their site on https://signaramafranchise.com and fill in an online application form made available for interested investors. After filling and submitting the form, a company representative contacts you and examines your eligibility.
If you are found to be eligible, the company’s risk disclosure document is made available to you and from there, further discussions are made on how best to start-up.
2. PuroClean (AKA: The Paramedics of Property Damage)
PuroClean is a low risk-high reward property restoration franchise. Its main functions are the restoration of damaged property and remediation. These emergency restoration services are offered to a wide range of clients which include the insurance industry, home service providers and property owners. These damages could either be caused by fire, bio-hazard, water, smoke or several other conditions.
Founded in 1990, it ventured into franchising in 1991 and has Mark Davis as its CEO. It has PuroSystems LLC as its parent company. At PuroSystems, franchisees are offered an uncommon opportunity to be a part of a brand which is guided by service excellence and professionalism.
These are what franchisees are taught in order to continue with the tradition of excellence. They benefit from a working model of success which shields them from having to start from scratch but to simply follow the secrets to the success PuroClean has witnessed over the years.
To own a PuroClean franchise, investors need to meet up with the financial requirements spelt out by PuroClean. These include an Initial Investment of $160,755 to $182,780, a Net-worth requirement of $250,000 and a Liquid Cash requirement of $100,000 to $150,000.
PuroClean charges ongoing fees which include an initial franchise fee of $50,000, an Ongoing Royalty fee of 3 to 10% and an Ad Royalty fee of 2%.
The financing option available to PuroClean is the relationship it has with third-party finance sources offering finance to cover areas like franchise fee and equipment.
The incentive given to veterans is a discount of $5,000 off the franchise fee.
Ongoing support is provided in the following areas; Newsletter, toll-free line, internet access, field operations, Grand openings, and meetings.
How to Join
Log on to the company’s website on, www.puroclean.com and click on the “investment” button. A company representative will make contact and the procedure for buying into the franchise is properly communicated to the investor.
3. BrightStar Care
This company offers services in medical and non-medical home care. It also provides medical staffing. Founded in 2002 by Shelly Sun and husband J.D. Sun, it went into franchising in 2005. It offers franchise candidates the highest revenue among all the home care service franchises. To buy into this franchise, you do not need to have a medical background as registered nurses are hired to take care of care plans for patients.
Financial requirements by BrightStar care for ownership of a part of its franchise includes an Initial Investment ranging from $92,371 to $174,032, a Net-worth requirement of $500,000, and a Liquid Cash requirement of $100,000.
Ongoing fees are charged as follows; an Initial Franchise fee of $50,000, an Ongoing Royalty fee of 5.25 to 6.25% and an Ad Royalty fee of 2%.
The financing options available for franchisees BrightStar Care include relationships with third-party finance sources offering financing covering areas like franchise fee, start-up costs, equipment, inventory, accounts receivable and payroll.
The veteran incentive provides a $5,000 discount off first-unit franchise fee.
How to Join
To Join BrightStar Care franchise, simply go to their website and fill in the online form for interested investors/franchise candidates and submit. After this, he/she is contacted back by a representative and further discussion are entered into, first to find out if he/she is eligible or not.
If he/she is eligible, then a meeting is arranged with the CEO of the company either virtually through skype or in person. The necessary paperwork is signed and a payment made for commencement. Equipments are then distributed to the new franchisee.
4. Minuteman Press Int’l. Inc.
Founded in 1973, Minuteman began franchising in 1975. Having Robert Titus as its CEO who also doubles as its founder, Minuteman Press’s area of expertise is printing, graphics and mailing centers.
This driven business model makes available digital print design and promotional products made available to businesses.
In January 2017, Minuteman Press Int’l was again ranked by Entrepreneur Magazine as the #1franchise in the printing industry; making it its 14th year in a row it has won this award. These alone are good signs that it is one of the best franchise opportunities in Minnesota in the press printing niche.
The financial requirements for buying a Minuteman Press franchise are an Initial Investment of $62,207 to $161,865 and a Liquid Cash requirement of $50,000.
The charged ongoing fees include an Initial franchise fee of $21,000 to $45,500, and an Ongoing Royalty fee of 6%.
The financing options available to Minuteman Press include third-party relationships with finance sources which offer financing to cover areas like start-up costs and equipment.
How to Join
Fill in the online form for new investors and there will be a representative who will contact you shortly and guide you through the process of owning a Minuteman Press franchises.
5. Sport Clips
Using a sports themed background or environment, it provides stress-free hair styling for men and boys. Founded by Gordon Logan who is also its CEO in 1993, it started franchising in 1995.
The financial requirements for owning a Sport Clips franchise include an initial investment of $183,300 to $351,500, a Net-worth requirement of $400,000 and a Liquid Cash requirement of $200,000
Ongoing fees charged by Sport Clips include the following; Initial franchise fee of $25,000 to $59,500, Ongoing Royalty fee of 6% and an Ad Royalty fee of $300 to $450/week.
A third-party finance sources offer financing to cover areas like start-up costs, equipment, inventory etc.
There is a veteran incentives program in place that discounts 20% off franchise fee costs.
Joining Sport Clips
Simply visit Sport Clips web address and fill in the “apply” form. As soon as you submit, you will be contacted by a representative who will guide you through the rest of the application process.
These are just a few of the franchise opportunities available in Minnesota for willing investors. These are brands that have stood the test of time and have remained profitable, creating the enabling environment for franchisees to own a part of it and to also witness it kind of growth. Making the move to start with any of these franchise opportunities in Minnesota will not be a bad decision.