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Home > Franchises > Interface Financial Corp.
Interface Financial Corp.
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
In 1972, Interface Financial Corporation was founded by John T. Sheehy to help small businesses with their cash flow needs. Interface Financial provides short-term working capital for businesses through invoice discounting. There is no minimum or maximum amount of financing. It started franchising since 1991.
The costs and fees include total investment of $82700 to $133800, franchise fee is $30000, ongoing royalty fee is 0.8 percent and Term of agreement is 10 years, renewable. The company’s ranking in Franchise 500 is 241 in 2006, 195 in 2005, 441 in 2004, 214 in 2003, 189 in 2002, and ranked 1 in category in 2006, 2005, and 2002. In Top home based franchises ranked 63 in 2006, 55 in 2005, 51 in 2003, and 40 in 2002, in America's Top Global Franchises ranked 160 in 2006, 128 in 2005.
Interface Financial is the first class rated financial services franchise according to Entrepreneur magazine. The Interface Financial Group enjoyed almost immediate success and began offering franchises in 1991 to meet the growing demand for Interface’s unique invoice discounting system. The company offers an exclusive franchise model in a trillion dollar industry. Interface Financial can teach a franchisee how to be successful because the company used and perfected the business model for over 20 years prior to offering their exceptional system as a franchise. While some companies create a business so they can offer a franchise, Interface Financial created a winning franchise because they already had a successful business.
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