Renaissance Executive Forums
Renaissance Executive Forums bring together top executives from similarly sized, non-competing companies with an advisory board process in which thousands of chief executives throughout the world participate. These CEOs, presidents and owners meet once a month in small groups of approximately eight to fourteen individuals. The meetings provide an environment designed to address the opportunities and challenges they face as individuals and leaders of their respective organizations.
This unique business opportunity allows franchisees to help others without the intense travel and transient nature that traditional coaching and consulting generally entail.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
35 |
34 |
36 |
| | % Change | -- |
-2.9% |
5.9% |
| | Company-Owned |
0 |
0 |
0 |
| | % Change | -- |
-- |
-- |
| | Total |
35 |
34 |
36 |
| | % Change | -- |
-2.9% |
5.9% |
| | Franchised as % of Total |
100% |
100% |
100% |
Investment Required
The franchise fee for a Renaissance Executive Forums franchise ranges from $27,500 to $32,500.
Renaissance Executive Forums provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| | Franchise Fee |
$27,500 |
$32,500 |
| |
Training/Support Materials Fee |
$15,000 |
$30,000 |
| |
Expenses While Training |
$400 |
$15,000 |
| |
Rent |
$800 |
$4,400 |
| |
Security Deposit - Facility |
$200 |
$1,100 |
| |
Utility Deposit - Facility |
$100 |
$200 |
| |
Equipment/Fixtures |
$0 |
$800 |
| |
Computer System |
$0 |
$3,000 |
| |
Software |
$500 |
$3,000 |
| |
Internet Service |
$60 |
$200 |
| |
Franchise Support System |
$100 |
$100 |
| |
Initial Inventory and Supplies |
$200 |
$500 |
| |
Insurance |
$200 |
$300 |
| |
Sales and Marketing Support Package Investment Requirement |
$10,000 |
$21,000 |
|
Additional Funds (4 Months) |
$2,000 |
$8,000 |
| |
Total Initial Investment |
$57,060 |
$120,100 |
Ongoing Expenses
Renaissance Executive Forums franchisees pay a royalty fee that ranges from 12% to 18% of gross received revenues, plus the greater of 20% of the enrollment fee or 80% of the franchisor’s recommended fee at the time of enrollment. Additional fees include sales and marketing support packages.
What You Get—Training and Support
A few weeks after Initial Certification Training franchisees are paired with a Field Operations representative who assists the franchisee with the sales process. Additionally, Renaissance Executive Forums helps franchisees to host their Marketing Forum events geared toward showing prospects the actual Forum process. Upon completion of Initial Certification Training franchisees are placed in a TeleForum with several other Franchisees and Forum Leaders. This Teleforum is moderated by headquarters for the first couple of months, with the intent that it will be continued by the participants as an ongoing support tool.
A few weeks after Initial Certification Training franchisees are paired with a Field Operations representative who assists the franchisee with the sales process. Additionally, Renaissance Executive Forums helps franchisees to host their Marketing Forum events geared toward showing prospects the actual Forum process. Upon completion of Initial Certification Training franchisees are placed in a TeleForum with several other Franchisees and Forum Leaders. This Teleforum is moderated by headquarters for the first couple of months, with the intent that it will be continued by the participants as an ongoing support tool.
Territory
Renaissance Executive Forums does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Top 100 Franchises publication.
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