Franchise FAQ
To get further information from us you are required to fill out the form and submit on our website. We will then contact you to answer all your questions and provide you with a thorough understanding of the systems and operations. Contact us to to inquire about a franchise.
At the federal level, franchises are regulated by the FTC. To start a franchise you have to comply with certain laws and regulations at the federal and state levels. In certain states, the franchise companies have to register and receive approval from the state to set up franchises.
You will receive the FTC Disclosure Document(Federal Trade Commission Disclosure Document) at your first face-to-face meeting about setting up the franchise. The FTC Disclosure Document provides information about the franchise and includes various disclosure terms that form a part of the agreement.
The primary qualification that we look for in a prospect is the drive and motivation to succeed. We provide ongoing support but you should have the willingness and ability to apply these support processes at your center.
In addition you must have the ability to start up the franchise initially with a minimal fund in the first few months of operation. This is a great advantage for prospects as ALOHA has a relatively low start-up cost for setting up a franchise initially.
A comprehensive 1-week training session is held at our Corporate Office in Edison, NJ.
Once you have signed the Franchise Agreement you can get your franchise to begin operations in less than 30 days. This also includes the time for you to complete the training program.
* See important disclosures and explanations in Item 7 of our Franchise Disclosure Document. Your actual costs may vary.
We cannot make specific earning claims. Instead you can on your side set up a pro format that includes the different programs introduced in your center.
Yes, you need to rent an office measuring around 800 to 1200 sq ft.
YOUR ESTIMATED INITIAL INVESTMENT
| Expense | Amount Low | Amount High | Payment Method | When Due | To Whom Payment Made |
|---|---|---|---|---|---|
| Initial Franchise Fee | $15,000 | $15,000 | Lump Sum with credit of any Deposit Fee previously paid | At signing of Agreement | Franchisor |
| Real Property/Lease | $2,700 | $7,500 | Monthly | As Arranged | Landlord |
| Leasehold Improvements | $500 | $30,000 | As Incurred | As Arranged | Contractors |
| Signage | $500 | $5,000 | As Incurred | As Arranged | Vendors |
| Computer, Software, Fixtures and Furniture | $5,000 | $10,000 | As Arranged | As Arranged | Vendors |
| Advertising | $1,000 | $3,000 | As Incurred | As Arranged | Various Media |
| Training Expenses | $250 | $3,000 | As Incurred in connection with initial training | As Incurred | Airlines, Hotels & Restaurants |
| Equipment and Startup Supplies | $1,200 | $2,000 | As Incurred | As Incurred | Us |
| Insurance, Professional Affiliations | $100 | $1,000 | As Incurred | As Incurred | Insurance Agency |
| Utility Expenses | $300 | $600 | As Incurred | As Incurred | Utility Providers |
| Professional Fees | $500 | $2,000 | As Incurred | As Incurred | Professional Advisors |
| State specific zoning fees and licenses | $25 | $1,000 | As Incurred | As Incurred | Government Agencies |
| Additional Funds(3 months) | $10,000 | $15,000 | As Incurred | As Incurred | Varies |
| TOTAL | $37,075 | $95,100 |
Notes: Except as otherwise described above, all payments are nonrefundable.
No, you cannot be an absentee owner. You need to be an active owner.