Question 1

How much does it cost to open a Mr. Goodcents franchise?

Accepted Answer

The total initial investment for a Mr. Goodcents franchise ranges from $333K to $509K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Mr. Goodcents franchise fee?

Accepted Answer

The initial franchise fee for Mr. Goodcents is $30K.

Question 3

What are the net worth requirements for a Mr. Goodcents franchise?

Accepted Answer

Net worth requirements for Mr. Goodcents are specified in the Franchise Disclosure Document.

Question 4

Does Mr. Goodcents require a personal guarantee?

Accepted Answer

Yes, Mr. Goodcents requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Mr. Goodcents franchise?

Accepted Answer

Equipment costs for a Mr. Goodcents franchise range from $124K to $172K. Initial inventory costs range from $6K to $8K.