Additional Funds
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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

Why this franchise?
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Franchise Status
Active
Basic Information
Industry
Healthcare
Category
Other
Investment Range
$145,800–$204,300
Total US Locations
43
Franchise Units
36
Founding Year
2000
Started Offering Franchises
2000
Management Capacity
Owner Operator
Job Count
4
Prior E2 Investors?
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Prior Visa Franchise Clients?
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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.

2. Franchise Overview

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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

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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.

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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
Franchise Fee
$40,000 - $45,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$9,686
$8,921
At signing of Franchise Agreement
Equipment
$9,686
$8,921
Before Opening
Opening Inventory
$9,686
$8,921
Before Opening
Opening Inventory
$9,686
$8,921
Before Opening
Signage
$9,686
$8,921
Before Opening
Grand Opening and Initial Advertising6
$9,686
$8,921
One to Three Months Prior to Scheduled Opening
Fixtures
$9,686
$8,921
Before Opening
Travel and Living Expenses for Training
$9,686
$8,921
During Training
Liability Insurance
$9,686
$9,686
Before Opening
POS system and computer
$9,686
$8,921
Lump sum plus monthly recurring of aprox. $140
TOTAL
$9,686
$8,921
$9,686
$8,921
$9,686
$8,921
$9,686
$8,921
$9,686
$8,921
$9,686
$8,921
$9,686
$8,921
$9,686
$8,921
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
2021
-3
51
48
Franchised
2022
48
48
-3
2023
48
36
-3
2021
3
3
-3
Company-Owned
2022
3
7
+4
2023
7
7
0
2021
51
51
0
2022
51
46
-5
2023
46
43
-3
Total Outlets
-
-
-
-
-
-
-
-
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
-
10 Year Cumulative Defaults
-
3 Year Predicted Default Rate
-
*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
Historical financial performance representations
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

*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.