Franchise Fee………$ 15,000
Upon your
acceptance as a new Karaoke Entertainment & DJ Services® franchisee, your training
begins with receipt of the startup program, which is followed by one of
the most extensive training programs in the industry. You will learn the
Karaoke Entertainment & DJ Services® system and benefit from our
experience in developing a successful karaoke & dj
business.
Equipment
& Supplies……$15,000
Recommended opening inventory includes 2 complete
karaoke systems and all necessary equipment needed to run karaoke & dj
shows; marketing materials, supplies & your own
website. View the equipment here.
Working Capital……..$5,000 -$7,000 (typical)
Recommended working
capital vary from area to area and include licenses, insurance, training
expenses, yellow page advertising and additional funds.
Financing Assistance:
If you request, we may assist you in
securing financing. We will work directly with lenders such as Award
Financial Network www.awardfinancialnetwork.com
or Diamond Financial www.franchiseloans.com to help secure the financing. Lenders approve or
disapprove loans based on your creditworthiness, or your ability to
provide the initial cash investment (typically 20% of the total project
cost), and other factors.
Royalty (ongoing)
Karaoke Entertainment & DJ Services® provides its
franchisees with ongoing support: a national call center; toll-free
technical and operational support; regional and national meetings; field
visits; franchise-support staff; newsletters and more. To fund these
activities, we require $200 per territory per month.