The Interface Financial Group
Click
here to link to Interface Financial’s detailed company profile
Founded in 1972, The Interface Financial Group enjoyed almost immediate success and began offering franchises in 1990 to meet the growing demand for Interface's unique invoice discounting system. Interface now has over 150 franchised offices throughout the United States, Canada, Australia, New Zealand, Singapore, the United Kingdom and the Republic of Ireland.
Our international headquarters are located in Markham, Ontario, and our United States headquarters are located in Bethesda, Maryland. Entrepreneur Magazine, the recognized leader for franchise information, reviews and analyzes the 5000+ North American franchises on an annual basis, and then rates the Top 500 by category. For the past 7 years Interface has been in the Franchise 500 ranking. In 2010 Interface was in the Top 101 Homebased franchises ranking. Interface is also a World Class Franchise as classified by the Franchise Research Institute.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
129 |
137 |
137 |
| | % Change | -- |
6.2% |
0% |
| | Company-Owned |
0 |
0 |
0 |
| | % Change | -- |
-- |
-- |
| | Total |
129 |
137 |
137 |
| | % Change | -- |
6.2% |
0% |
| | Franchised as % of Total |
100% |
100% |
100% |
Investment Required
The initial franchise fee for an Interface Financial franchise is $39,000.
Interface Financial 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 |
| |
Initial Franchise Fee |
$39,000 |
$39,000 |
| |
Living and Travel Expenses for Training |
$500 |
$1,000 |
| |
Equipment |
$800 |
$13,000 |
| |
Initial Promotion |
$1,000 |
$1,000 |
| |
Additional Funds (3 months) |
$50,000 |
$100,000 |
| |
Total Investment |
$91,300 |
$142,300 |
Ongoing Expenses
Interface Financial franchisees pay a royalty fee equal to 8% of gross profits.
Other on-going fees include a monthly maintenance fee, a training fee for transferees, and audits.
Franchisee Satisfaction
A critical component of the due diligence process is that you, as a prospective franchisee, have a strong sense of existing franchisee satisfaction. Click here to download a summary of a recent independent survey of Interface Financial's existing franchisees conducted by the Franchise Research Institute. You can also click here to download direct quotes from franchisees about their experience with Interface Financial, taken from the same survey. Please note that, in order to ensure that the comments were candid (both good and bad), franchisee names were intentionally withheld from the report provided to the franchisor.
How do you rate Interface Financial in terms of: |
Rating* |
|
|
Overall Quality of Franchisor |
100% |
|
|
Initial Training Supplied by the Franchisor |
100% |
|
|
Quality of Products and/or Services Received From Franchisor |
100% |
Long Term Growth Potential for Franchise |
98% |
|
|
* Independent Audit of Existing Franchisees Who Rated Interface Financial as Excellent, Very Good, or Good |
What You Get—Training and Support
Interface Financial will loan a copy of the operating manual, and provide up to six days of training. Other key advantages include:
- No staff to hire, fire, or manage
- No storefront to own, lease, or maintain
- No Inventory or stock to purchase
- No extensive travel because IFG franchisees do business locally
- Business-to-Business, professional environment with regular business hours of operations
- Flexibility to relocate for part of the year or permanently and continue doing business
Territory
Interface Financial 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 2012 Edition of Bond’s Top 100 Franchises publication.
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