Network LEX is analyzed based on our most recent FDD research!
This franchise allows purchaser to operate a chapter with an online business referral network. A franchisee will offer and sell memberships to business owners and tradesmen through which members receive access to the online network.
Network LEX has an initial franchise fee of up to $9,950, with a total initial investment range of $12,075 to $21,750.
The upfront purchase price of any franchise opportunity includes multiple fees. Check out this investment opportunity to better understand the initial costs required to own a Network LEX, such as franchise fees, real estate costs, pre-opening, marketing, and technology fees.
Can you Afford an Network LEX Franchise. Complete our Affordability Calculator to find out!
As with any new business, there should be a reasonable return on your investment and profit potential. The specific franchise owner's salary and the earnings from a Network LEX franchise opportunity depends on a variety of factors. One way to check on the potential revenues or profits generated from a Network LEX franchise investment is to review the franchisor's Item 19 within their Franchise Disclosure Document. This is called an earnings claim. This is not required within a franchisor's disclosure and approximately 68% of all franchise companies that we analyze each year will disclose financial performance data within Item 19 of their FDD. Some franchise companies may disclose limited information such as overall systemwide sales. This type of information is not always helpful to determine profits for you directly. So review systemwide sales data with caution. As a general rule, typically earnings and owner's income are proportionate to the overall size of the initial investment. The larger the initial investment, the higher profits you should anticipate. Another determining factor to profitability is based on the number of locations you buy. If you purchase multiple locations (typically referred to as Area Development Agreements), you can anticipate that as you scale the next unit, you will generate more revenue and profits overall. Demand for your products, your labor costs in your state, commercial lease rates and several other variables also play a huge role in your profit margin and your take-home salary. Your future returns are linked to Network LEX's success. Your profits and owner's income is not just dependent on how well your own location performs, you should analyze how well the entire franchise system is operating. Determine how the franchise company earns income and analyze their financial returns.
For additional information and system-specific data on the earnings of a Network LEX franchise opportunity, unlock this franchise
As of the 2020 Franchise Disclosure Document, there are 2 franchised Network LEX locations across the USA.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2020 FDD data, Network LEX has franchised locations in 2 states. There may be no locations in several states as each franchise plans their development strategy differently. Specific states also require franchisors to register their franchise opportunity and file their Franchise Disclosure Document (FDD) with state examiners prior to awarding franchise opportunities to people residing in that state. These registration states have examiners review a franchisor's FDD to ensure it complies state regulatory conditions. In addition to registration states, additional states have enforced franchise or business opportunity laws that mandate franchisors to file their franchise within the state. In almost all instances the filing is simply a notice with the state. Unlike franchise registration states, the franchise filing states do not examine the FDD.
Based on our research this franchise opportunity is expanding into new markets and could be available in your city.
One of our advisors will have detailed knowledge about this franchised business. Unlock to learn more and talk with our advisors.
Last Reviewed: 2020
Yes, they have an initial training program of 1.50 hours. This includes 1.50 hours of classroom training, 0 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
Network LEX does NOT offer territory protections. For an explanation of territorial rights, unlock this franchise for more details.
No, Network LEX does NOT offer comprehensive support for franchisees.
They began franchising in 2018. The average Other Business Services franchise began franchising in 2015.
No, but you can click here to fill out our affordability calculator and understand your financing options.