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Truly Nolen

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.

Truly Nolen was founded in 1938 by Truly David Nolen. It was incorporated in 1960 and began franchising in 1996. The company is based in Tucson, Arizona and it is family owned. Pre existing pest control or lawn care businesses can buy the conversion franchises. The company services over 150,000 customers and recruits around 1,100 partners, with approximately 50 percent service technicians. Domestic franchises are provided all over the United States. International franchises are even established in more than 30 countries. Truly Nolen provides franchisees with advertising samples that the franchisee can use or alter for its use. Truly Nolen maintains a staff realistically available for assistance by telephone or email.

When requested, Truly Nolen offers its franchisees with on site assistance for a pre arranged fee based option for the project. The program includes information about promotional policies and office management. Their total investment for the franchise varies from 254,000 to 708,000 dollars. Franchise fee is 30,000 to 35,000 dollars. The ongoing royalty fee is 6 percent. The term of agreement is of 10 years and is renewable. Franchise 5000 ranks have ranked them 425 in 2006 and 467 in 2005. Fastest growing franchise have ranked them 72 in 2006 and their top new ranking is 34 in 2006 and 49 in 2005 according to entrepreneur magazine from 2002 to 2006.

Truly Nolen is one of the fastest growing companies in the pest control industry with many branches abroad, as well as in the US. The driving force behind the growth and recognition of the Truly Nolen brand is a strong set of corporate values that translates into continued growth for the future.

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