Question 1

How much does it cost to open a MI-BOX franchise?

Accepted Answer

The total initial investment for a MI-BOX franchise ranges from $374K to $1.3M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the MI-BOX franchise fee?

Accepted Answer

The initial franchise fee for MI-BOX is $134K.

Question 3

What are the net worth requirements for a MI-BOX franchise?

Accepted Answer

Net worth requirements for MI-BOX are specified in the Franchise Disclosure Document.

Question 4

Does MI-BOX require a personal guarantee?

Accepted Answer

Yes, MI-BOX requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a MI-BOX franchise?

Accepted Answer

Equipment costs for a MI-BOX franchise range from $189K to $227K. Initial inventory costs range from $80K to $394K.