FREQUENTLY ASKED QUESTIONS
We look for potential franchise owners who are coachable and trainable, and who have solid sales and networking abilities. Those who are handy and have a good understanding of technology, both hardware and software, also make good candidates. If you are hungry to start your own business, we want to talk to you. Don’t worry if you are fresh out of college or just getting started; we can teach you everything you need to know.
We offer pre-opening training lasting about three (up to five) days for up to two people. We will help you plan and order your initial inventory and set you up with supplier relationships so you can open a vending business confidently on day one. You will have access to our detailed confidential operations manual, which includes important procedures, reporting, and other essential business operations details.
The estimated initial investment to begin operations ranges from $47,750 to $88,100. This includes an initial franchise fee ranging from $20,000 to $40,000 (depending on the selected franchise model) for a single territory agreement. As with any new venture, adequate capital is essential to fund the initial business growth stages.
We do not provide direct financing to franchise owners, but we may refer to financing sources on a case-by-case basis.
We collect an 8% royalty fee based on net revenues each month, and transaction fees based on product purchases from installed kiosks. We also charge a technology fee to help manage your smart kiosks and more. Fees such as this allow us to fund our ongoing support services and the continued development of techniques and procedures, marketing tools, training programs, and systems upgrades. For a full list of fees and requirements, please refer to our Franchise Disclosure Document (FDD).
Franchise owners will contribute 2% of net revenues to the brand marketing fund as Pod Plug franchisees (0.5% to start). Collected funds will be used to develop marketing strategies to promote the Pod Plug brand and cover the creative costs of creating brand marketing materials and campaigns.
The initial term of your agreement is five years, with two subsequent successor agreement options of five years each.
If you’re interested in learning more about how to open a vending business with our brand, contact us at +1 310-430-0031 or franchise@podplug.com. Let’s discuss setting up a meeting, speaking with our management team, and receiving our FDD so you will have all the details you’ll need to make an informed decision.