My Place is graded based on our most recent FDD research!
My Place has a franchise fee of up to $30,000, with a overall upfront investment range from $3,211,836 to $4,100,336.
The upfront cost of any franchise opportunity includes several fees. Unlock this investment opportunity to better understand the initial costs required to purchase a My Place, such as territory fees, construction and costs, grand opening marketing, and technology fees. It should be noted that, franchisors are required to disclose all upfront fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay.
Can you Afford a My Place Franchise. Complete our Affordability Calculator to find out!
As with any new investment opportunity, there needs to be a reasonable ROI and profit potential. The specific franchise owner's income and the profits from a My Place business depends on a lot of different factors. One way to validate the potential revenues or profits generated from a My Place franchise investment is to review the franchisor's Item 19 within their FDD. This is called a financial performance representation. This is an option for franchisors within their disclosure and approximately 68% of all franchisors that we have reviewed will disclose financial performance data within Item 19 of their FDD. Some franchisors may provide limited information such as average gross revenues. This type of financial disclosure is not always helpful to determine profits for you directly. So review overall sales data with caution. As a general rule, usually earnings and owner's salary are equitable to the overall size of the upfront investment. The larger the initial investment, the higher return you could anticipate
For additional information and franchise specific on the profits of a My Place franchise opportunity, unlock this franchise
As of the 2015 Franchise Disclosure Document, there are 0 franchised My Place locations throughout the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2015 FDD research, My Place has franchised locations in 0 states. There may be no locations in several states as each franchise plans their development strategy differently.
Based on our research this franchise is growing into new markets and could be available in your city. While planning your franchise purchase, you should be considering what is a good location for my franchise. Anlayze the potential customer base to confirm that your city has a need or want for this franchise.
One of our advisors will have detailed knowledge about this franchise. Unlock to learn more and speak with our advisors.
Last Reviewed: 2015
No they do not have an initial training program. Unlock to find out more.
My Place offers territory protections. For an explanation of territorial rights, unlock this franchise for more details.
No, My Place does NOT offer comprehensive support for franchisees.
They began franchising in 2012. The average Hotel franchise began franchising in 1991.
No, but you can click here to fill out our affordability calculator and understand your financing options.