The franchise fee of $85,000 is significantly higher than the typical range of $45,000-$59,900 for Home Services franchises. What specific services, training, or support does this premium fee include?
#1
Why is the 8.0% royalty rate above the typical 6.0-7.0% range for this category? How does this compare to direct competitors?
#2
Go Mini's has initiated 3 litigation cases as plaintiff and been defendant in 1 case (4 total). Can you provide summaries of these 4 cases, including the outcomes and whether they involve allegations of franchise agreement violations?
#3
What is the nature of the 1 litigation case filed in the past 3 years? Is it still active or resolved?
#4
The median gross sales of $265,677 fall below the typical range for Home Services franchises. What percentage of units achieve profitability, and what is the average timeframe to reach profitability?
#5
The closure rate is 0% compared to a typical range of 0.55-12.5%. Can you explain why closures are unusually low? Are units being transferred or simply stagnating rather than closing?
#6
Your non-compete clause specifies 1 year and 50 miles, which is below and above the typical ranges respectively. How strictly is the 50-mile radius enforced, and does it extend to any location where Go Mini's operates system-wide or just franchisee territories?
#7
The territory is described as 'protected' but not 'exclusive.' Can you clarify what protections exist and whether Go Mini's can open company-owned locations or license other franchisees within my territory?
#8
The contract requires purchasing at least 96 new containers per year from the franchisor. Are there quality standards or price caps on these containers? What is the current cost per container?
#9
Late payments incur 1.5% monthly interest (18% annually). Can you provide examples of what triggers payment obligations and the typical payment terms?
#10
Item 19 shows an average gross sales of $534,748 but median of $265,677, a significant gap. How many units are above and below the median, and what explains this variance?
#11
Renewal requires 8 specified conditions. Can you provide the full list of renewal conditions and explain how subjective terms like 'satisfactory compliance' are evaluated?
#12
Modernization costs are mentioned as a renewal requirement. What is the typical cost range for required renovations and signage updates?
#13
Only 1 pending litigation case exists, but 3 were initiated by Go Mini's. Are there post-judgment disputes or ongoing collection actions related to the prior cases?
#14
The system has 137 current units but Item 19 does not specify how many units reported financial data. How many franchisees participated in the Item 19 disclosure?
#15
Transfer fee is $10,000 with a renewal fee of $2,500. Are these fees in addition to any modernization costs required at renewal?
#16
The non-compete extends 18 months post-term within 50 miles. Does this apply only to moving/storage services or to all business activities of any kind?
#17
Personal guarantees are required from entity owners. Are there circumstances where the franchisor would waive or modify this requirement?
#18
Net unit growth is +1 unit over the past year. How many units are new franchises versus transfers, and what is the current franchisee satisfaction or retention indicator?
#19
Territory protection includes encroachment safeguards. Have there been any conflicts or disputes over territory encroachment in the past 3 years, and how were they resolved?
#20