PortraitEFX provides portrait services for Schools, Families, Church Directories, Day Cares, Sports Leagues, and Dance and Martial Arts Schools. The business brings their studio to the customer?s location enabling them easier means to getting their pictures taken. Product offerings include frames, free upgrades to metallic photo paper, artist/linen/fine art canvases, fiber watercolor paper, stretch frames, and gallery wraps. PortraitEFX aggressively franchises to expand its geographic market and to tap into uncatered customers searching for their photographic needs.
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Liquid capital required
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$12,000
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Net worth required
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$40,000
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Investment
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$17,000 - $30,000
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Franchise fee
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$16,750
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Units in operation
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65
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The capital required to open a unit is $12,000. PortraitEFX expects new franchisees to have a net worth of at least $40,000. $17,000 is the minimum that someone opening a location should expect to invest. $30,000 is the maximum that someone opening a location should expect to invest. New franchisees can expect to pay a $16,750 franchise fee for the rights to open their own location. There is currently a total of 65 units in operation.
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