Submit
Feedback

General

Industry

Professional Business Services

Category

Business Support

SBA Identifier

Year of Founding

2019

Fees

Marketing Fee

1%

Royalty Fee

17%

Franchise Fee

$30,000-$90,000

Investment Range

$38K-$115K

Location units

Total U.S. Locations

55

U.S. Franchised Units

0

U.S. Corporate Units

55

Headquarters (City)

Mesa

Other

Item 19 - Franchise Financials

No

Financing Availability

no

Started Offering Franchises

2019

Issuance of FDD Data

04/27/2020

What to know about Letip franchise?

LeTip World Franchise, LLC, LLC offers franchises to franchisees who will establish and administer a regional business leads networking group.

Letip is based in Mesa, AZ. Scroll down to learn more!

How much does a Letip franchise cost?

Are you wondering how much is a Letip franchise? Before starting a Letip 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 Letip franchise is $38,110 and can go all the way up to $115,400. Keep in mind, you should also allocate additional funds to live off of while the Letip 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 Letip franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Letip business 2) pass break even 3) hit significant income.

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

Franchise Net Unit Growth

Take Our Quiz

Industry Report Request

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

Additional Details

How much does a Letip franchise owner make?

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

Letip unfortunately does not disclose financials on how much Letip 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, Letip 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 Letip franchisees. Do note that Letip 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 Letip franchisees to understand how much money they are making from their Letip business.

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

What is the Letip franchise fee?

Owning a Letip franchise requires 17% royalty fee and 1% 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 Letip Franchise Disclosure Document

Keep in mind, there is also an initial Letip franchise fee of $30,000 that is included in the initial investment amount of $38,110 to $115,400. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Letip franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Letip franchise fee of $30,000.

Visit the Letip 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 Letip founded?

Letip started offering franchises in 2019. Letip was founded 3 years ago in 2019.

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 Letip locations are in the U.S.?

As of 2020, there were 0 locations across the U.S. There are also 55 corporate locations. Most Professional Business Services franchises like Letip have more franchised locations than corporate locations.

How many Letip franchises opened over the past few years?

Over the prior 3 years we have data for, Letip has opened 0 outlets throughout the U.S. Visit the Letip metrics tab to explore how the openings compare to other Professional Business Services franchises.

How many Letip franchises closed over the past few years?

Over the prior 3 years we have data for, Letip has closed 0 outlets throughout the U.S

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

Is Letip growing? Are they opening more locations than they are closing?

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

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

Is Letip franchise eligible for an SBA Loan?

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

Letip 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 Letip 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 Letip a franchise in the United States?

According to the SBA, Letip 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 Letip provides you with an FDD if you are in discussion to buy a Letip

What is the Letip Franchise for Sale Rate?

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

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

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

What is the Letip Franchise Failure Rate?

Letip 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!

Letip failure rate over the past 3 years is 0%. Over the last year we have data for, Letip had a franchise failure rate of 0%.

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

How can I find out more details on Letip franchise?

Visit the Letip 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

Letip

$76,755

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Letip

17%

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

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

Letip

$60,000

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

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

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2020)

General

Industry

Professional Business Services

Category

Business Support

SBA Identifier

Year of Founding

2019

Fees

Marketing Fee

1%

Royalty Fee

17%

Franchise Fee

$30,000-$90,000

Investment Range

$38K-$115K

Location units

Total U.S. Locations

55

U.S. Franchised Units

0

U.S. Corporate Units

55

Headquarters (City)

Mesa

Other

Item 19 - Franchise Financials

No

Financing Availability

no

Started Offering Franchises

2019

Issuance of FDD Data

04/27/2020

Detailed Franchise metrics for Letip

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Letip 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.

Letip

$60,000

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2020)

Failure Rate

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

 

1 year

3 years

Letip

NA

0%

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

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

 

1 year

3 years

Letip

NA

0%

Industry median

All franchises median

Unlock premium content

Business details

Website

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

Unlock premium content

Business email

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

Unlock premium content

Mailing address

4838 E. Baseline Road, Suite 123

State headquarters

Arizona

Key leadership

Letip

Phone

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

Unlock premium content

City

Mesa

Zip code

85206
You May Also Be Interested In
View More >
Professional Business Services, Accounting
H&R Block
Investment range
$32K-$149K
Founding year
2008
Total U.S. Units
9524
Learn More
Professional Business Services, Accounting
Jackson Hewitt
Investment range
$75K-$110K
Founding year
1986
Total U.S. Units
5779
Learn More
Professional Business Services, Shipping
The UPS Store Non-Traditional
Investment range
$73K-$379K
Founding year
1980
Total U.S. Units
4773
Learn More
Professional Business Services, Shipping
The UPS Store Traditional
Investment range
$138K-$470K
Founding year
1980
Total U.S. Units
4773
Learn More

Share link

Or

Filters

Business Name

Industry

Investment amount




Downgrade subscription

You are going to downgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback.

Vetted Member $79/month

Simple Start Free

Upgrade subscription

You are going to downgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback.

Simple Start Free

Vetted Member $79/month

Plan Updated

Your current subscription plan is:

Vetted Member $79/month

Support Form

Please fill out the form below with any technical issues, questions or feedback you might have.

Menu