Rooter Man Rotor Man
Rooter Man Rotor Man offers advisory services to top executives of businesses through peer review and other formats. Known for providing valuable insights, this franchise operates in the executive consulting sector.
Rooter Man Rotor Man franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of a REF Global franchise ranges from $66,560 to $84,275. This includes a mandatory payment of $58,000 to the franchisor or affiliate [p.1].
What is the initial franchise fee?
The initial franchise fee is $58,000 for a single territory when signing the Franchise Agreement, as stated on [p.12].
What are the ongoing royalty and advertising fees?
The ongoing Royalty Fees are calculated based on revenues earned by your Franchise Unit [p.63]. As for advertising fees, they are recognized during the period costs are incurred [p.106], but specific details about these fees are not provided in the excerpts.
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts. The FDD does not provide information on the duration of the initial franchise agreement or the renewal process beyond stating that renewal fees are payable when an existing franchisee renews the franchise agreement for an additional term [p.104].
Can I sell or transfer my franchise, and what does that require?
According to the FDD, you cannot transfer ownership of your franchise without the franchisor's approval [p.5]. The transferee must be an individual of good character and meet the franchisor’s standards for REF Global franchisees [p.73]. Additionally, any transfer must comply with specific conditions outlined in Paragraph B on page 73. This isn't specified in the excerpts.
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement for good cause, which includes the failure of the franchisee to comply with any lawful provision of the franchise agreement and to cure such failure after being given written notice and a reasonable opportunity, not exceeding 30 days. Additionally, both parties can consent to terminate the agreement. [p.5, p.78]
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The provided FDD excerpts do not detail specific financial requirements such as net worth or liquid capital needed to qualify for the franchise.
Do I get an exclusive or protected territory?
Yes, you receive an exclusive territory as specified on [p.28] and [p.53], meaning neither the franchisor nor another franchise unit will solicit Forum members or conduct Forums in your Market Area, provided you meet the Minimum Performance Requirements.
What training and ongoing support does the franchisor provide?
The franchisor provides ongoing training and support including continuing education programs, monthly training, and consultation to executive officers and business owners [p.104, p.116]. Additionally, the franchisor has developed a system of business methods, techniques, specifications, standards, procedures, and formats, along with policies and marketing programs for the operation of these businesses [p.90].
How many franchised outlets are there, and how many have closed or been terminated?
The FDD does not provide specific numbers for the total number of franchised outlets or those that have closed or been terminated. It only mentions that all numbers in the tables represent outlets open and operating as of December 31 in each calendar year, and provides a list of franchisees who had their franchises terminated, cancelled, not renewed, transferred, or otherwise ceased to do business during the previous calendar year [p.45].
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information for existing franchise units if requested, but they do not make any representations about a franchisee's future financial performance. This information can only be provided if there is a reasonable basis and must be substantiated in writing upon request [p.41]. Additionally, the franchisor provides financial information based on data from 8 Franchise Units for Top and Key Executive Forums, excluding Advisor Groups [p.38].
What am I restricted to selling, and where must I buy supplies?
You are generally not restricted to selling specific goods; however, there are restrictions on buying certain items. You may have to purchase or lease items from the franchisor or a limited group of suppliers designated by them [p.3]. This could potentially lead to higher costs compared to purchasing similar items independently [p.3].