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Wireless Toyz

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.

Wireless Toyz was founded in 1995 and they started franchising in 2001. Franchisor is a privately-held company with 10 employees, 4 employees in franchise department. Franchising is the best existing business method. It combines the independence and initiative of individual ownership with the strength and leadership of the organized group. For that reason, they at Wireless Toyz strongly believe in the future of franchising. They pledge to live up to the highest standards and purposes of franchising. This means doing what it takes to help you succeed.

Wireless Toyz is the number 1 chain of superstores devoted to the lucrative cellular market, bringing cell phone equipment and service plans from all major national and regional carriers under one roof for one-stop shopping. With over 125 locations open in 19 states at the open of 2006, the company is by far the largest and most successful franchise of its kind.

The costs and fees include total investment of $222200 to $400000, franchise fee is $30000, ongoing royalty fee is 13 percent and Term of agreement is 10 years, renewable, and Renewal fee is $10000. The company’s ranking in Franchise 500 is 309 in 2006, 343 in 2005, and 438 in 2004 according to Entrepreneur magazine 2002-2006.

They recognize that you are the single most important ingredient in your own success. You must be prepared to make the sacrifices successful business people have made through the ages. If you are willing to do this, they invite you to join their program and share their goals of growth and success.

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