INTERFACE FINANCIAL GROUP Franchise Cost and Profit Margin – Review
As a franchisee with Interface Financial Group, you will be saddled with the responsibility of providing immediate solutions to your clients’ cash flow issues. The clients are the managers of different businesses that need to convert their current assets into cash for the advancement of their business. You might then want to know how much is an Interface Financial Group franchise.
ABOUT THE COMPANY (IFG FRANCHISE)
Interface Financial Group are involved in the provision of working capital to small-scale businesses through the purchase of invoices at a discount. The company was established in the year 1972 and they have their corporate head office in Bethseda. The current CEO of the company is David Banfield. IFG is a market leader in the services of providing funds for small scales businesses. With more than 40 years of business experience, the company provides franchisees with a system that is proven to achieve success.
IS INTERFACE FINANCIAL GROUP A FRANCHISE?
Interface Financial Group started selling franchise opportunities in 2014 giving them just 4 years of franchising experience. The company’s franchise model has been tested and guaranteed to achieve maximum success if well applied by the franchise owners.
THE FRANCHISE OFFER
Interface Financial Group sells franchises to franchisees for the offering of financial services to their clients. The franchisees will be involved in the purchasing of office assets to provide cash to their clients and they will also be involved in the buying of invoices at discounted rates. Most times 90% off their actual value
HOW MUCH DOES AN INTERFACE FINANCIAL GROUP COST?
The Interface Financial Group franchise cost is the summation of all the investment needed to startup a franchise unit with the company. The initial investment that is needed to set up a franchise unit is within the range of $87,000 and $137,000. The company also requires all new franchisees to have a net-worth of about $150,000 and then a liquid cash of about $75,000.
INTERFACE FINANCIAL GROUP FRANCHISE FEE
Interface Financial Group franchise fee is the payment that is made to the company in order for the prospective franchisee to get access to the company’s brand identities. The initial franchise fee is non-refundable and is renewable after a set period of time. The initial franchise fee payment is $34,500 with an additional ongoing royalty fee of about 8%.
HOW MUCH DOES AN INTERFACE FINANCIAL GROUP FRANCHISE MAKE?
An Interface Financial Group franchise owner’s earning will depend on a lot of factors. One of which is the location of the business. And another factor I how the franchise owner is able to put into application the franchise model of the company. However, the average income that a franchise owner can make on a yearly basis can be seen in the Franchise Disclosure Document, which will be made available once the franchise agreement is signed.
WHY BUY INTO THE INTERFACE FINANCIAL GROUP FRANCHISE?
As a franchisee with Interface Financial Group, you will be afforded a lot of benefits with the company. You are very much likely to earn more than average returns on the working capital of the business. You also have the opportunity to work from home and so cost of renting an office or store is cleared and at the same time, there is no need to expend cost on office inventories and other equipment. You also have the opportunity to build, network and maintain a good working relationship with professional in the business.
In order for you to be considered for a franchise opportunity with the company, you need to be an individual with good sales and marketing skills, excellent communication skills, ability to solve a problem without wasting time and you must be self-disciplined as you will be handling cash meant for the growth of the business.
Every new franchisee with the company will be expected to undergo a mandatory training at the initial stage. The training will hold at the company’ head office as well as the franchisee’s location. Training will hold for a period of 6 days.
Interface Financial Group does not offer any form of direct financing to their franchisees. However, franchisees can get funding from a 3rd party affiliate of the company.
There are no exclusive territories for all franchisees with the company. There is the possibility of the franchisor establishing other franchise units to compete with your franchise unit. It is also mandated by the company that every franchisee purchase a minimum of $100,000 in invoice within a period of 1 year otherwise the contract will be terminated.
TERM OF AGREEMENT
The period of the time for the franchise agreement is 10 years and franchisees will have the opportunity to renew for another 5-year term.
HOW TO BUY AN INTERFACE FINANCIAL GROUP FRANCHISE
In our articles, we have discussed deeply on how to open an Interface Financial Group franchise. However it is compulsory that you contact the company via their website to formally submit your application.
Once your application is received, you will be given a feedback if you are considered for a franchise opportunity.