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TSS Photography Franchise ProfilePhotography Franchises > Event Photography |
What Are the Initial Costs to Open a TSS Photography Franchise?
To start your journey as a TSS Photography franchisee, you need to prepare for an initial investment ranging from $27,000 to $27,500. This includes a franchise fee of $7,500. Additionally, you should have liquid capital of $20,415 to $74,725 available to cover startup costs. It’s essential to ensure you meet the net worth requirement of $500,000 to $1,000,000, as this reflects the financial stability expected from franchisees.
What Are the Ongoing Fees Associated with TSS Photography?
As a TSS Photography franchisee, you’ll be responsible for ongoing fees that can impact your profitability. The royalty fee is set at 10% of your gross revenue, which contributes to the overall support and resources provided by the franchisor. Additionally, a marketing fee of 1% is required to help promote the brand and attract customers. Understanding these fees is crucial for effective financial planning and ensuring the success of your franchise.
What Can You Expect in Terms of Revenue?
TSS Photography franchises have demonstrated a range of revenue potential. The average annual revenue per unit is approximately $20,290, while the median annual revenue is reported at $30,000. Some units have even achieved revenues as high as $1,590,249. This variability highlights the importance of location, management, and marketing strategies in driving financial performance. The breakeven time is around 12 months, indicating that with the right approach, you can start seeing returns fairly quickly.
How Does TSS Photography Support Franchisees?
TSS Photography is committed to providing robust support to its franchisees, which is crucial for success in the competitive photography market. Franchisees benefit from comprehensive training programs that cover operations, marketing, and customer service. Ongoing support is also available, helping you navigate challenges and optimize your business model. The franchise's established brand reputation and proven systems can significantly enhance your chances of success, making it an appealing option for aspiring entrepreneurs.
TSS Photography Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
TSS Photography Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2016 | 2017 | 2018 |
|---|---|---|---|
| Total Units | 177 | 176 | 179 |
| Net Change YoY | -1 | 3 | |
| Franchised Units | 177 | 176 | 179 |
| Net Change YoY | -1 | 3 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | 0 | 0 |
Company Background
TSS Photography is a dynamic franchise chain specializing in high-quality photography services. Established to cater to a variety of photography needs, TSS offers services ranging from family portraits to corporate events. With a focus on delivering exceptional customer experiences, TSS Photography has grown steadily, boasting a network of nearly 180 franchised units across the country since its inception.
Franchise Opportunity
Investing in a TSS Photography franchise presents an exciting opportunity for aspiring entrepreneurs. With a low initial investment ranging from $27,000 to $27,500, and a franchise fee of $7,500, this franchise model is accessible for those looking to enter the photography industry. The proven business model and support from the franchisor can help you navigate the challenges of starting your own business while capitalizing on a growing market.
Financial Overview
TSS Photography franchises demonstrate strong financial potential, with average annual revenue per unit reaching $20,290 and a median annual revenue of $30,000. The highest-performing units can generate revenue exceeding $1.5 million. With a breakeven time of just 12 months and an investment payback period also of 12 months, franchisees can expect a relatively quick return on their investment.
Royalties and Fees
Franchisees are subject to a royalty fee of 10% of gross sales, along with a marketing fee of 1%. These fees contribute to the ongoing support and resources provided by TSS Photography, ensuring franchisees can effectively market their services and maintain operational excellence. Understanding these financial obligations is crucial for prospective franchisees when evaluating their potential profitability.
Operational Support
TSS Photography offers comprehensive operational support to its franchisees, including training programs, marketing resources, and ongoing business development assistance. This support system is designed to empower franchisees to succeed in a competitive market, providing them with the tools and knowledge necessary to deliver exceptional photography services while managing their business efficiently.
Market Position
TSS Photography has established a strong market presence in the photography industry, characterized by a commitment to quality and customer satisfaction. With a growing number of franchised units and a focus on innovation, TSS is well-positioned to capitalize on emerging trends in the photography sector. This strategic positioning allows franchisees to tap into a diverse customer base, enhancing their potential for success in the marketplace.
Frequently Asked Questions
The initial investment for a TSS Photography franchise ranges from $27,000 to $27,500, which includes the franchise fee and other startup costs.