Owning your own Newcomers Welcome Service business can be extremely resaonable. You will need to have at least $20,000 available in liquid capital (cash, stocks, and/or bonds). Additionally, you will need a personal net worth of at least $100,000.
To help you understand the total investment required to develop at Newcomers Welcome Service business, we've listed the key budget line items below. Because of varying location and regional factors that can impact certain expenses, we've provided you with a low and high range for each line item.
As you move forward and learn more about Newcomers Welcome Service, you'll be able to more closely determine the investment level rquired in your community.
| Estimated Expenditures1 |
Estimated Low |
Estimated High |
| Franchise Fee |
$15,000 |
$15,000 |
| Territory Fee |
$25,000 |
$25,000 |
| Training, Travel |
$500 |
$2,000 |
| Equipment & Supplies |
$4,500 |
$6,000 |
| Initial Marketing |
$3,000 |
$5,000 |
| Three Months Working Capital2 |
$2,000 |
$7,000 |
|
| Total Estimated Expenditures |
$50,000 |
$60,000 |
1Ranges in the initial investment can be attributed to numerous factors including the level
of debt, regional factors that can affect expenses such as payroll, utilities, and media advertising.
2The amount of working capital you will need varies widely depending upon the gross sales levels the business achieves once open, the expenses it must cover to "break-even" and other business decisions that vary from owner-to-owner.
To learn more about whether a Newcomers Welcome Service opportunity can be the right opportunity for you, Click Here.
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