Page 28 - Franchise Collateral Flipbook

Primrose Real Primrose Schools has a dedicated Site Acquisition Team to help you find the Your Franchise Development Team
site that’s right for you and navigate the real estate process. We offer several
Estate Options development programs to accommodate different markets and financing options
for Franchise Owners.

STEVEN FRICKER CHIEF DEVELOPMENT OFFICER
Estimated Amount
INVESTMENT PURCHASE OPTION Category for a School — 2018 With more than 30 years of franchising experience, Steven leads the School
Initial Franchise Fee $50,000 — $80,000 Development Team at Primrose Schools. His experience as both a franchise
(REAL ESTATE AFFILIATE DEVELOPMENT PROGRAM) Real Estate Fee Deposit $20,000
Balance of Real Estate Fee $35,000 — $50,000 executive and franchisee give him a unique perspective on the franchise development
Through this program, Franchise Owners own the land Other Real Estate and Development Costs $3,310,000 — $4,870,000 process. Steven sets the strategic and growth objectives in terms of schools for the
their Primrose school is built on and are responsible for Utility Security Deposits $10,000 — $30,000 company while overseeing the Franchise Development Team in their search for
the construction of their school. The Site Acquisition School Equipment and Supplies $160,000 — $300,000
Team assists in locating the land in the desired market Insurance (qrtly pymt) $4,000 — $8,000 talented, passionate individuals to become Primrose Franchise Owners.
area. This program is most common in suburban markets Initial Training and Opening Support Fee $35,000
where land is more readily available. Marketing, Advertising, and Grand Opening $35,000 — $45,000
Transportation Vehicles $900 — $42,000
Licenses $4,000 — $7,000 KIM FALK DIRECTOR, FRANCHISE DEVELOPMENT
Initial Software License Fee $4,280 — $5,578 Kim is responsible for all elements of the search for Franchise Owners primarily in
Miscellaneous $10,000 — $45,000
* Up to a 15% cash injection is required. For Leasing options, please Financing Cost (Closing Costs) $228,000 — $306,000 the western United States. As a Certified Franchise Executive with nearly 15 years
contact a member of the Primrose Franchise Team. See our FDD of industry experience, Kim combines her background in education with her success
for a thorough explanation of these expenses. Three Month Working Capital $160,000 — $420,000
Total $4,066,180 — $6,263,578* in business development to help Franchise Owners achieve their business dreams
and serve their communities.
Estimated Amount
Category for a School — 2018
LEASE INVESTMENT OPTION Initial Franchise Fee
Real Estate Fee Deposit
(PERMANENT LEASE PROGRAM)
Balance of Real Estate Fee
This program is ideal for schools in urban markets where Security Deposit for Lease and JOHN PALUMBO DIRECTOR, FRANCHISE DEVELOPMENT
land is difficult to acquire. Rather than owning the land Limited Rent Guarantee Fee John is responsible for all elements of the search for Franchise Owners primarily
the school is built on, Franchise Owners lease the space Other Real Estate and Development Costs in the eastern United States. With more than 15 years of experience in a variety
from a third party who owns the property or building. Utility Security Deposits of franchise sectors, John believes in a multi-disciplinary approach to franchise
The Site Acquisition Team assists in finding the right School Equipment and Supplies
space, and Franchise Owners are then responsible for Insurance development and takes the time to ensure the How and Why are carefully and
the development of their school. Franchise Owners enter Initial Training and Opening Support Fee strategically considered for each Franchise Owner to set them on the path to success.
into a long-term or permanent lease agreement to ensure Marketing, Advertising, and Grand Opening
the space is allocated to their school indefinitely. Transportation Vehicles
Licenses
Initial Software License Fee
Miscellaneous
Financing Cost (Closing Costs) MELISSA ALTMIX FRANCHISE DEVELOPMENT SPECIALIST
Three Month Working Capital
Total $* Melissa supports the development process for prospective Franchise Owners in the
western portion of the United States. As a Certified Franchise Executive, she helps
Estimated Amount
Category for a School — 2018 individuals determine if becoming a Primrose Franchise Owner is right for them.
BUILD-TO-SUIT PROGRAM Initial Franchise Fee
Real Estate Fee Deposit
(SUBHEAD TEXT HERE)
Security Deposit for Lease and
Limited Rent Guarantee Fee
Depending on market availability, Franchise Owners may School Equipment and Supplies
take advantage of the Built-to-Suit Program. Through this Insurance
program, the school property is owned and developed by Initial Training and Opening Support Fee AMANDA PAVEY FRANCHISE DEVELOPMENT SPECIALIST
a third party with the guidance of Primrose Schools, but Marketing, Advertising, and Grand Opening Amanda supports the development process for prospective Franchise Owners in
Franchise Owners are only responsible for leasing the Transportation Vehicles the eastern portion of the United States. She is a Certified Franchise Executive
property once complete. The Site Acquisition Team Licenses
helps determine if this program is feasible and facilitates Initial Software License Fee and previously managed Successor Franchise Agreements for 350+ schools in
connecting Franchise Owners with the property owner Miscellaneous the Primrose system. She now uses her expertise to help individuals pursue their
and developer, if so. Financing Cost (Closing Costs) entrepreneurial dreams of owning a Primrose school.
Three Month Working Capital
Total $*