What is the initial franchise fee?
There is an initial franchise fee of $25000, which is due at the time of signing the franchise agreement.
How much is the royalty fee/marketing fee?
The royalty fee is 7% of gross sales (6% if paid by the 1st of each month)
The marketing fee is 3% of gross sales
How much is the initial investment?
Your estimated initial investment to construct a new Rayacom varies depending on the type and size of each location
Typically a new store would range between $95,000 to $220,000
How active do I have to be in day-to-day operations of my franchise?
A Franchisee who purchases a Rayacom does not have to personally operate the Rayacom store; however there must be a full time manager who has satisfactorily completed the training course provided by Rayacom and is involved in the operations or the oversight of the business. Rayacom does not want to jeopardize our brand by having un-trained or inexperienced personnel operating the stores. It is critical to note that to a large part the success of Rayacom franchise depends on the enthusiasm, work ethic, attitude, and entrepreneurial skills of the Franchisee. Therefore Rayacom strongly recommends that Franchisees be actively involved on a day-to-day basis for their store.
Where would I Set up a Rayacom store?
At Rayacom, we know that business counts are more important than population counts or miles of radius. That is why we build your territory based on the types of customers that will actually buy products and services from you.
Each territory must demonstrate:
500 targeted businesses
Within target postal codes
Within a serviceable range
Are there ways to finance the business?
Yes, there our several ways to finance the business. Once a potential franchisee fills out our application form, Rayacom management will meet personally with candidates and discuss finance options.