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General

Industry

Professional Business Services

Category

Business Support

SBA Identifier

Year of Founding

2005

Fees

Marketing Fee

5%

Royalty Fee

7%

Franchise Fee

$10,000-$10,000

Investment Range

$14K-$49K

Location units

Total U.S. Locations

16

U.S. Franchised Units

15

U.S. Corporate Units

1

Headquarters (City)

Blacklick

Other

Item 19 - Franchise Financials

No

Financing Availability

no

Started Offering Franchises

2006

Issuance of FDD Data

03/17/2021

What to know about AmSpirit Business Connections franchise?

The franchisee will receive a franchise to own and operate an AmSpirit Business Connections business, which organizes, and provides administrative support services to, groups of entrepreneurs, sales representatives and professionals who meet weekly with the primary purpose of exchanging business referrals. The franchise is granted for an initial term of 10 years with the right, upon payment of a renewal fee and compliance with other conditions, to renew for two additional 10 year renewal terms.

AmSpirit Business Connections is based in Blacklick, OH. Scroll down to learn more!

How much does a AmSpirit Business Connections franchise cost?

Are you wondering how much is a AmSpirit Business Connections franchise? Before starting a AmSpirit Business Connections franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a AmSpirit Business Connections franchise is $13,900 and can go all the way up to $49,300. Keep in mind, you should also allocate additional funds to live off of while the AmSpirit Business Connections business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 AmSpirit Business Connections franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a AmSpirit Business Connections business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your AmSpirit Business Connections franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare AmSpirit Business Connections. Hotels to the Business Support, Outdoor Professional Business Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 9 1 1 9
2017 9 6 0 15
2018 15 1 1 15
2019 15 2 1 15
2020 15 3 3 15

Additional Details

How much does a AmSpirit Business Connections franchise owner make?

AmSpirit Business Connections franchise earnings and revenue can vary significantly from one franchisee to another.
The AmSpirit Business Connections franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

AmSpirit Business Connections unfortunately does not disclose financials on how much AmSpirit Business Connections franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, AmSpirit Business Connections does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with AmSpirit Business Connections franchisees. Do note that AmSpirit Business Connections is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 AmSpirit Business Connections franchisees to understand how much money they are making from their AmSpirit Business Connections business.

You should also speak to former AmSpirit Business Connections franchisees to understand why they left the system. Did they sell their AmSpirit Business Connections at a profit? Were they forced to close their AmSpirit Business Connections franchise down because it kept losing money?

What is the AmSpirit Business Connections franchise fee?

Owning a AmSpirit Business Connections franchise requires 7% royalty fee and 5% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the AmSpirit Business Connections Franchise Disclosure Document

Keep in mind, there is also an initial AmSpirit Business Connections franchise fee of $10,000 that is included in the initial investment amount of $13,900 to $49,300. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the AmSpirit Business Connections franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the AmSpirit Business Connections franchise fee of $10,000.

Visit the AmSpirit Business Connections metrics tab to explore the financials for this business, royalty and marketing fees compare to other Professional Business Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was AmSpirit Business Connections founded?

AmSpirit Business Connections started offering franchises in 2006. AmSpirit Business Connections was founded 17 years ago in 2005.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many AmSpirit Business Connections locations are in the U.S.?

As of 2021, there were 15 locations across the U.S. There are also 1 corporate locations. Most Professional Business Services franchises like AmSpirit Business Connections have more franchised locations than corporate locations.

How many AmSpirit Business Connections franchises opened over the past few years?

Over the prior 3 years we have data for, AmSpirit Business Connections has opened 6 outlets throughout the U.S. Visit the AmSpirit Business Connections metrics tab to explore how the openings compare to other Professional Business Services franchises.

How many AmSpirit Business Connections franchises closed over the past few years?

Over the prior 3 years we have data for, AmSpirit Business Connections has closed 5 outlets throughout the U.S

Visit the AmSpirit Business Connections metrics tab to explore how the openings compare to other Professional Business Services franchises.

Is AmSpirit Business Connections growing? Are they opening more locations than they are closing?

The net unit growth rate for AmSpirit Business Connections over the past 3 years is 0%. Over the last year we have data for, AmSpirit Business Connections had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the AmSpirit Business Connections growth rate compares to 2,000+ other franchises and Industry franchises like AmSpirit Business Connections. More info in the AmSpirit Business Connections metrics tab.

Is AmSpirit Business Connections franchise eligible for an SBA Loan?

AmSpirit Business Connections is not eligible for SBA loans including the 7(a) loan last time we checked.

AmSpirit Business Connections franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like AmSpirit Business Connections that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is AmSpirit Business Connections a franchise in the United States?

According to the SBA, AmSpirit Business Connections does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that AmSpirit Business Connections provides you with an FDD if you are in discussion to buy a AmSpirit Business Connections

What is the AmSpirit Business Connections Franchise for Sale Rate?

The AmSpirit Business Connections systemwide health and franchisee satisfaction can be measured by the AmSpirit Business Connectionsfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

AmSpirit Business Connections franchise for sale rate over the past 3 years is 6%. Over the last year we have data for, AmSpirit Business Connections had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the AmSpirit Business Connections franchise for sale rate compares to 2,000+ other franchises and Industry franchises like AmSpirit Business Connections. More info in the AmSpirit Business Connections metrics tab.

What is the AmSpirit Business Connections Franchise Failure Rate?

AmSpirit Business Connections franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

AmSpirit Business Connections failure rate over the past 3 years is 33%. Over the last year we have data for, AmSpirit Business Connections had a franchise failure rate of 20%.

Without a comparison, this number doesn’t mean much. Compare how the AmSpirit Business Connections franchise for sale rate compares to 2,000+ other franchises and Industry franchises like AmSpirit Business Connections. More info in the AmSpirit Business Connections metrics tab.

How can I find out more details on AmSpirit Business Connections franchise?

Visit the AmSpirit Business Connections metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

AmSpirit Business Connections

$31,600

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

AmSpirit Business Connections

7%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

AmSpirit Business Connections

$10,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2021)

General

Industry

Professional Business Services

Category

Business Support

SBA Identifier

Year of Founding

2005

Fees

Marketing Fee

5%

Royalty Fee

7%

Franchise Fee

$10,000-$10,000

Investment Range

$14K-$49K

Location units

Total U.S. Locations

16

U.S. Franchised Units

15

U.S. Corporate Units

1

Headquarters (City)

Blacklick

Other

Item 19 - Franchise Financials

No

Financing Availability

no

Started Offering Franchises

2006

Issuance of FDD Data

03/17/2021

Detailed Franchise metrics for AmSpirit Business Connections

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for AmSpirit Business Connections below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

AmSpirit Business Connections

$10,000

Industry median

All franchises median

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Franchise Disclosure Document

Download Latest FDD (2021)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

AmSpirit Business Connections

7%

33%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

AmSpirit Business Connections

7%

6%

Industry median

All franchises median

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Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

2701 Tally Ho Lane

State headquarters

Ohio

Key leadership

AmSpirit Business Connections

Phone

+1 (000) 0********00

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City

Blacklick

Zip code

43004
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