Question 1

How much does it cost to open a OpenWorks franchise?

Accepted Answer

The total initial investment for a OpenWorks franchise ranges from $4K to $134K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the OpenWorks franchise fee?

Accepted Answer

The initial franchise fee for OpenWorks is $33K.

Question 3

What are the net worth requirements for a OpenWorks franchise?

Accepted Answer

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

Question 4

Does OpenWorks require a personal guarantee?

Accepted Answer

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

Question 5

What equipment and inventory costs are involved with a OpenWorks franchise?

Accepted Answer

Equipment costs for a OpenWorks franchise range from $0 to $5K. Initial inventory costs range from $0 to $500.