Discovery Map Franchise In USA Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech
Many people nowadays want to take the path of being self-employed. But starting a business from scratch can be risky and exhausting. The viable solution is to franchise from a credible company such as Discovery Map. This is an excellent niche to work on as more people enjoy DIY travels. With printed maps strategically placed in key locations, you are sure to get profit from your advertisers. Let’s learn more about how you can start this business. Likewise, let’s find out the estimated Discovery Map Franchise Cost.
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Table of Contents
Discovery Map Franchise Wiki
Discovery Map International is a map publishing franchise with headquarters in Waitsfield, Vermont. It started in 1981 and produces interesting hard-drawn maps which are popular for travelers. They opened the business for franchising in 1999.
Discovery Map franchise is about an advertising program found in local tourist maps and guides. You can get your earnings from advertisers such as local attractions or theme parks, resorts, stores, hotels or inns, and restaurants, to name a few. To date, the business is also using the digital platform to create maps for travelers.
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What’s great about Discovery Map is that you can find local establishments that are not highly visible online. You’d be able to find unpopular yet worthy attractions. Plus, you could experience the local culture. The maps are found in different establishments such as restaurants, shops, and even hotels.
Discovery Map Franchise Benefits
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
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Discovery Map Franchise Financial Assistance
The franchisor offers financial assistance to its franchisees if they are qualified based on their set of requirements.
Discovery Map Franchise Cost
Name of Fee | Low | High |
---|---|---|
Initial Franchise Fee | $25,000 | $25,000 |
Map Layout and Production Services | $1,800 | $3,000 |
Map Drawing | $2,500 | $4,000 |
Ad Production Services | $2,000 | $3,000 |
Travel and Living Expenses while Training | $500 | $1,500 |
Office Equipment and Fixtures | $1,500 | $3,250 |
Computer System | $800 | $1,200 |
Licenses/Deposits | $100 | $250 |
Supplies & Misc. Expense | $500 | $1,000 |
Insurance | $250 | $500 |
Sales Expense | $500 | $750 |
Additional Funds | $500 | $2,500 |
ESTIMATED TOTAL | $35,950 | $45,950 |
Discovery Map Franchise Training
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The franchisees and their managers will have to undergo training in the Discovery Map system. The first leg of the training usually ends within four days. This is conducted at the company’s headquarters in Vermont.
The initial training does not have a cost, and you could bring another person apart from yourself. However, transportation, accommodation, and other expenses will be shouldered by the trainees.
The franchisor will now provide five days for map mock-up development. Extension or additional time to complete the initial map drawing is given, if necessary. If the franchisor sees the need for additional training, the franchisee could attend as well.
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Discovery Map Franchise Territory
Franchisees can enjoy limited exclusive rights in a territory. This is also referred to as the ‘area of exclusive rights.’ Take note that there is no minimum territory required, and the franchisor will not allow another franchisee in that same area.
Discovery Map Franchise Obligations
The franchisees must close deals according to the minimum agreed advertising spaces to paying advertisers in their area. While the franchisor encourages the franchisee to be involved in the business’ day-to-day operations, this is not mandatory.
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If the franchisee decides to hire someone to manage the business, the franchisor must approve them as well. Likewise, those who are active in managing the operations, and those who own at least 20% of the business must attend the training as recommended by the franchisor.
Franchisees are only to offer products or services that have been pre-approved by the franchisor. In addition, they should offer the products and services required by the franchisor.
Discovery Map Franchise Term of Agreement
The initial term of the franchise is ten years. If the franchisee has a great track record, the franchise term could be renewed for two additional five-year terms.
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Discovery Map Franchise Requirements
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Discovery Map Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
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How to Apply For Discovery Map Franchise
To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Discovery Map Franchise Contact details
Website
FAQ
Is it profitable or not?
Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.
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Conclusion
So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.
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