Pannysylvania Magazine

Nearly 4% of all small companies in the United States are franchisees, as reported by the International Franchise Association. It is an industry that has a total annual revenue of more than $2.1 trillion and employs 18 million people in the United States.

One of the most compelling arguments in favor of investing in a franchise is the opportunity to acquire an established business model rather than launching a brand-new enterprise from scratch. The franchisor is responsible for developing and testing all of the operational specifics, as well as the marketing strategy and advertising campaigns. Typically, you will be able to interact with a large number of other franchisees in order to get insight into what it takes to be successful.

However, all of that convenience may come with a high price tag attached to it. If you want to create a franchise for a company like Taco Bell or McDonald’s, for instance, you need to have at least $750,000 in cash assets. If you want to start your own KFC, you need to have a net worth of at least $1.5 million. According to the International Franchise Association (IFA), the typical initial expenditure for a franchise is $250,000 (excluding real estate), and the typical royalty fees paid by franchisees vary from 3% to 6% of monthly gross sales.

You are in luck because there are alternative franchise options available to you that have far lower initial investment requirements while still giving you the ability to run your own business. We started investigating the franchise industry for novelty and came upon the mobility franchise CityDock. Today, we take a look at the opportunities presented by this technology company that allows you to reduce your impact on the environment while also generating a significant income from the advertising sector.

The business strategy is not too complicated; all you have to do is buy charging stations and deploy them in strategic locations across your city. Their charging stations are equipped with LCD panels that may be hired by businesses for the purpose of displaying advertisements.

We found them at least intriguing and wanted additional information, so we contacted them. Instead of interrogating them, both groups decided to interview the most recent franchisee, Christopher Hamstedt, who established a CityDock franchise in Sweden.

“What made you chose CityDock?”

To put it simply, I was looking for something new, something technological, and something with a positive outlook for the future. It was the most popular option among all of the fast food restaurants, coffee shops, and laundry services… Additionally, I thought that their company style was incredibly welcoming and encouraging. The franchise program includes a wide program to help the franchisee get accustomed with the business.

“After paying the first fee and making the initial investment, were there any extra working capital requirements, and if so, how much?”

CityDock’s model is fairly simple. I paid $100,000 for ten sites docks?, and each month I pay around 10% of my income în redevance. The electric costs, marketing and maintenance is very low, represents less than 10% of the monthly income and you pay as you earn – so to speak.