ViTeleTechZone Fees and Investment Requirements
ViTeleTechzone uses a standard international franchise fee structure by charging an upfront franchise fee based on the number of stores a franchisee is considerto open, monthly royalty will be eaual to percentage of net sales, and marketing fees as a percentage of sales that are either managed by the franchisee or by the corporate office where Viteletechzone has a corporate presence.
Franchise fees:
The franchise fee is a one time payment made by the franchisee when the franchise is granted. The initial franchise fee covers the cost of approving a location, designing the store, supporting with supply chain management and import requirements, and training the management of the franchisee.
Royalty fees:
Royalty fees, a percentage of net monthly sales, are paid monthly by the Franchisee during the entire term of the agreement.
Marketing fees:
Marketing fees are used to market and advertise the franchise system. An advertising fee is based upon a percentage of net sales.