Found Extra Money specializes in finding unclaimed funds for individuals from local, regional, and state governments. The franchise helps clients recover lost or forgotten funds.
Key Insights
- Found Extra Money began as a direct response to inefficiencies and limitations that existed in conventional service approaches, with founders committed to establishing superior alternatives that prioritize customer experience, operational excellence, and sustainable business growth through systematic improvement.
- Continuous improvement processes incorporate client feedback and industry developments to enhance service offerings and operational effectiveness while maintaining the core values and quality standards that distinguish the business from competitors in the marketplace.
- Industry trends favor businesses that can adapt quickly to changing regulations, customer preferences, and market conditions while maintaining quality standards, creating competitive advantages for organizations that invest in training, technology, and customer-focused service approaches.
Franchise Fee and Costs to Open
Exploring the financial picture of Found Extra Money gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $65,030 - $89,300, along with a franchise fee of $60,000 - $60,000.
Financial Performance and Revenue
Training and Resources
Found Extra Money provides comprehensive initial training for new franchisees. This training, lasting two weeks, takes place at the franchisor's corporate headquarters. Found Extra Money offers a robust suite of resources, including operational manuals, marketing materials, and ongoing support. The franchisor recommends utilizing these materials to build a successful business.
Legal Considerations
Legal considerations for a Found Extra Money franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee in the Found Extra Money model might encounter considerations around establishing a local presence amidst existing service providers. Managing the logistics of client acquisition and service delivery presents an operational learning curve. Furthermore, the business's effectiveness could be influenced by the availability of specific resources or partnerships within the local community.
Franchise Datasheet
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