Additional Funds
connect-item
connect-item
As Incurred

Foot Solutions

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our Take
5. Additional Resources

1. Franchise Snapshot

Franchise Status
Active
Basic Information
Industry
Healthcare
Category
Other
Investment Range
$159,800 - $262,300
Total US Locations
43
Franchise Units
36
Founding Year
2000
Started Offering Franchises
2000
Management Capacity
Owner Operator
Job Count
4
Prior E2 Investors?
Yes
Prior Visa Franchise Clients?
Yes
Royalty Fee
5%
Marketing Fee
5%
Franchise Fee
$40,000 - $45,000
Headquarters (City, State)
Alpharetta, GA
Square Footage
1200 - 1500
Retail Location?
Yes
Agreement Term Length
10 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

*Information presented in these videos may change over time and may not reflect the most current franchise offering. Prospective franchisees should review the latest Franchise Disclosure Document (FDD) and consult directly with the franchisor for updated information.

2. Franchise Overview

Reports - Elements Webflow Library - BRIX Templates
Overview

Since their founding in 2000, Foot Solutions has supported entrepreneurs who want to invest in a proven brand and control their own destiny. Economically, the Foot Solutions business model offers franchisees a well-balanced lifestyle, a reliable return on investment, and exceptional profitability. But–beyond the economic benefits the franchisees have the opportunity to serve their neighbors by keeping them healthy and comfortably on their feet. Many of their stores are locally owned and operated by members of the community and—unlike big box shoe stores and medical offices —their experienced professionals provide a caring service focused on individual attention and personalized recommendations

Users - Elements Webflow Library - BRIX Templates
Management team / founders

Foot Solutions was founded in 2000 by Raymond J. Margiano, Ph. D., who studied pedorthics at Temple University and spent over 20 years in the footwear industry. They are experts in foot wellness. Their board certified specialists (Pedorthists) provide a caring service that addresses the foundation of our customers’ health. After careful analysis and evaluation, their experts design truly custom orthotics and recommend advanced footwear just for the client.

Password - Elements Webflow Library - BRIX Templates
Focus of owner for daily business operations

Semi-Absentee model where the investor would focus on managing the below facets of the business: 1. Hiring and managing of staff; 2. POS review, inventory and ordering; 3. Local marketing strategies, purchasing relationships, and overall financials of the store

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
5%
6%
6%
Marketing Fee
5%
1.5%
2%
Franchise Fee
$40,000 - $45,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$40,000
$45,000
At signing of Franchise Agreement
Equipment
$16,000
$18,000
Before Opening
Opening Inventory
$60,000
$80,000
Before Opening
Real Estate (Leasehold Improvements)
$10,000
$60,000
Before Opening
Signage
$3,000
$7,000
Before Opening
Grand Opening and Initial Advertising6
$8,000
$15,000
One to Three Months Prior to Scheduled Opening
Fixtures
$15,000
$20,000
Before Opening
Travel and Living Expenses for Training
$2,000
$5,000
During Training
Liability Insurance
$1,000
$3,000
Before Opening
POS system and computer
$1,300
$1,300
Lump sum plus monthly recurring of aprox. $140
Additional Funds
$3,500
$8,000
As Incurred
TOTAL
$159,800
$262,300
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
N/A
2021
51
48
-3
Franchised
2022
48
39
-9
N/A
2023
39
36
-3
N/A
2021
0
3
+3
Company-Owned
2022
3
7
+4
N/A
2023
7
7
0
N/A
2021
51
51
0
Total Outlets
2022
51
46
-5
N/A
2023
46
43
-3
Net Unit Growth (Recent year)
Net Unit Growth (Recent 3 years)
Franchise Health Metrics
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
Foot Solutions
-7.7% / -26.5%
14.3% / 29.4%
5.6% / 16.7%
Industry median
7.7% / 18.8%
1.3% / 7.4%
0.2% / 6%
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
0.0
10 Year Cumulative Defaults
0.0
3 Year Predicted Default Rate
0.0
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Franchisor company financial information, if disclosed by the franchisor.
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

Foot Solutions offers entrepreneurs a premier opportunity in the fast-growing foot-wellness and specialty-footwear sector. Driven by a mission to relieve pain and improve mobility, the brand equips franchisees with a proven model that marries advanced 3-D foot-scanning technology, custom orthotics, and expert fitting services. Owners are empowered to deliver personalized solutions that keep customers active, comfortable, and loyal, while benefitting from two decades of corporate know-how and ongoing support. Join Foot Solutions today and embark on a rewarding journey that helps communities move better one step at a time!