What is the initial franchise fee?
The initial franchise fee for a new Rayacom franchisee is $25,000, which is due at the time of the signing of the Franchise Agreement.
How much is the royalty fee/marketing fee?
Your royalty fee is 7% of gross sales (6% if paid by the 1st of each month). The marketing fee is 3% of gross sales.
How much can I expect my initial investment to be?
Your estimated initial investment to construct a new Rayacom location varies, depending on the type and size of your franchise. Typically, a new store ranges from $95,000 to $220,000.
How active do I have to be in the day-to-day operations of my franchise?
You don’t have to personally operate your Rayacom franchise; however, there must be a full-time manager who has successfully completed the training course required by Rayacom and is directly involved with the operations of the business. All personnel must be trained and experienced: a large part of the success of a Rayacom franchise depends on the enthusiasm, capability, work ethic, attitude, and entrepreneurial skills of the Franchisee. Therefore, we recommend that you take an active role in the day-to-day operations of your Franchise.
Where might I set up a Rayacom store?
At Rayacom, we know that an area’s business counts are far more important than population demographics. This is why we build out your territory based on the types of customers that will purchase Rayacom products and services on a regular basis. Each territory must include the following:
- 500 targeted businesses
- Location within target postal codes
- Location within a serviceable range
Are there ways to finance my franchise?
Yes! There are several ways that you can invest in your business. Once a potential Franchisee fills out our application form, Rayacom management will meet personally with candidates to discuss financing options.