About Crestcom InternationalNY Franchise
Crestcom International is a leadership development franchise under parent company Crestcom International Holdings, LLC, offering individual franchise opportunities since 1992.
This New York registration enables owners to deliver Crestcom's globally recognized management training programs to businesses throughout their territory, building long term consulting relationships with corporate clients.
The franchise fee is $75,000.
Crestcom InternationalNY Franchise Cost & Fees
Minimum Investment
$92K
Average Investment
$98K
Maximum Investment
$105K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $75,000 | One-time payment upon signing |
| Royalty Fee | 19.75% of Gross Revenues of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Currently none | National brand fund |
| Total Investment Range | $91,850 – $104,919 | Includes build-out, inventory, working capital |
The investment range of $92K–$105K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (19.75% of Gross Revenues) and marketing fee (Currently none) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $75,000 | $75,000 |
| Distribution Fee | $2,625 | $2,625 |
| Office Lease Costs | $0 | $500 |
| Initial Inventory | $0 | $0 |
| Equipment and Supplies | $575 | $2,000 |
| Insurance | $350 | $900 |
| Travel and Living Expenses During Initial Training | $0 | $2,569 |
| Seminar Expense | $0 | $1,250 |
| Legal and Accounting | $500 | $1,500 |
| Shipping Costs; Initial Inventory | $0 | $200 |
| Marketing Program | $7,800 | $9,600 |
| Additional Funds (3 months) | $5,000 | $8,775 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $16,500 |
| Renewal Fee | $3,500 |
| Technology Fee | Currently $45 to $48 per month (after first 12 months) |
| Audit Fee | Cost of inspection or audit. If Act of Deception, $25,000. |
| Distribution Fee | $875 per month |
| Materials Costs | Will vary, based on our or our approved supplier’s published price list |
| New Materials Surcharge | Currently $500 per media unit or module |
| Crestcom Next Generation Sales Academy Program Surcharge | Currently $3,500 (less 3% if paid in full) |
| Digital/E-mail Marketing Service | $0 to $299 per month |
| Regional Meeting and Annual International Convention Fee | Will vary (not more than $550 per attendee in 2022) |
| Missed Training Fee | $200 |
| Additional and Refresher Training | $500/day |
| Interest | Lesser of 18% per annum or highest rate of interest allowed by law |
| Administrative Fee | $10 per late fee or payment |
| Late Charge | 3% of the amount due |
| Unreported or Inaccurately Reported Sales or Underpayments | 100% of the gross amount derived from the applicable sales |
| Indemnification | Will vary under circumstances |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Initial Training Program (approx. 2 days), Boot Camp training (3 days), PRO Facilitation Certification (four-part program) |
| Classroom Training | 45.5 hours |
| On-the-Job Training | 0 hours |
| Training Location | Virtually (via internet, telephone, or similar communications method) or in-person in the Denver, Colorado, U.S.A. metropolitan area or another location selected by Crestcom. PRO Facilitation Certification is currently offered online. |
| Additional Training | Crestcom conducts seminars, international or regional conventions, continuing development programs, or other meetings (Additional Meetings), which may be mandatory. Franchisees must also participate in mandatory videoconference, virtual, and online training programs. Optional programs like PERFORM Facilitation Training may also be offered. If a franchisee fails to meet the Monthly Production Goal, additional training may be required at their expense. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive, but with limited, semi-exclusive protected territories called 'Principal Marketing Areas' in some regions, and a 'Threshold Number of Qualifying Businesses' mechanism to prevent new franchises in an Assigned Area once a certain performance level is met. |
| Exclusive Territory | No |
| Territory Size | An Assigned Area is usually part of a state where a CRESTCOM Business is located. The 'Threshold Number' is equal to one Qualifying Business for each 1 million or fraction thereof in population in a Franchisee’s assigned area. |
| Description | Franchisees operate from a designated 'Franchise Location' within an 'Assigned Area' (geographic area described in the Addendum to the Franchise Agreement). Marketing activities are restricted to this Assigned Area unless approved by Crestcom. Competition from other franchisees, company-owned outlets, or alternative distribution channels is possible. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 7 years |
| Renewal Term | Up to 3 successor franchise terms of 7 years each |
| Renewal Fee | $3,500 |
| Renewal Conditions | Notice at least 120 days prior to expiration, compliance with Franchise Agreement, pay successor franchise fee, modify business to comply with then-current Procedures Manual and Licensed Methods, execute new Franchise Agreement (may have materially different terms), execute Successor Franchise Rider, pay any required New Materials surcharge, and others. |
| Transfer Fee | $16,500 |
| Transfer Conditions | Notice 30 days prior, transferee introduced by franchisee, all amounts due paid, New Materials surcharge paid, transferee completes training, transferee training fee ($3,500) and transfer fee paid, new Franchise Agreement signed or obligations assumed, transferee may comply with PMA Program, Agreement and Consent to Transfer signed, general release signed (subject to state law), transferor agrees to post-termination covenants, and others. |
| Termination for Cause | Franchisor can terminate without opportunity to cure for: unauthorized disclosure, abandonment, insolvency/bankruptcy, unsatisfied judgments/levy/foreclosure, criminal conviction, sexual harassment/discrimination, Act of Deception, repeated noncompliance (3 notices of default), unauthorized transfer, unauthorized conduct of Live Instruction, unauthorized solicitation of Authorized Representatives, unauthorized sales outside Assigned Area/PMA, unauthorized purchase/resale/transfer/duplication/modification of Materials, violation of non-compete/restrictive covenants, failure to complete training, inadequate guaranties, Patriot Act violation, noncompliant legal actions, breach of related agreement. Franchisor can terminate with 10 days notice (with potential for longer cure period for non-monetary defaults) for: failure to maintain standards, failure to pay when due or file reports (except for specific Monthly Production Goal failures), misuse of Marks, failure to maintain insurance, deceptive practices, failure to obtain consent, failure to comply with Manual, improper conduct. |
| Non-Compete Period | 30 months |
| Non-Compete Details | During term: Prohibits owning, operating, or performing services for a competing business, and interfering with franchisor's relationships. Post-termination: Prohibited for 30 months from owning or operating a competing business located or operating within any CRESTCOM Business assigned area and from interfering with franchisor's relationships with other parties (subject to state law). |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | Franchisees or their Principal Representatives must devote their best, full-time efforts to the management and operation of their CRESTCOM Businesses. The Principal Representative must be approved by Crestcom and complete mandatory training. Franchisees are responsible for recruiting, hiring, and supervising up to two Salespersons and two telemarketing personnel, who must also be approved by Crestcom. |
| Required Suppliers | Franchisees must purchase or otherwise acquire all items used in their CRESTCOM Businesses from suppliers designated or approved by Crestcom. Crestcom is currently the sole approved supplier of all audio, video, and online media included in the Materials. Franchisees must also acquire customer relationship management software, Crestcom Learning Portal (CLP) software, and digital/e-mail marketing services from designated suppliers. |
| Supply Restrictions | Franchisees cannot buy or sell Materials from or to any other current or former Franchisee or distributor without written consent. They cannot modify the Materials without prior written consent. They must comply with all agreements with third parties related to their business. |
| Franchisor Revenue from Suppliers | During the fiscal year ending December 31, 2022, Crestcom had revenues of $6,163,213. Of this, $82,480 (approximately 1.34%) consisted of revenues derived from Materials and other items sold to Franchisees and Area Representatives in the United States. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | Crestcom may finance a portion of the initial franchise fee (generally up to 50%) and some or all of the New Materials surcharge and Crestcom Next Generation Sales Academy Program surcharge. Financing terms depend on location, experience, creditworthiness, available funds, and collateral. If financed, a Promissory Note is executed, payable within 60 days of the Franchise Agreement, bearing interest between 9% and 12% per annum, secured by collateral (including the franchise) or guaranteed. Default terms include acceleration of the unpaid balance and default interest at 18% per annum or the highest legal rate. |
Crestcom InternationalNY Franchise Earnings — Item 19
Average Revenue
$244K
Median Revenue
$175K
Revenue Range
$17K – $1.0M
Sample Size
67 units
Past financial performance does not guarantee future results. Individual results will vary.
Crestcom InternationalNY Litigation & Risk Flags
Clean Litigation RecordCrestcom InternationalNY has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Crestcom InternationalNY System Growth
Total Units
160
Franchised
160
Company-Owned
0
Crestcom InternationalNY currently operates 160 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2020 | 15 | 22 | 161 |
| 2021 | 12 | 22 | 151 |
| 2022 | 21 | 12 | 160 |
Transfers: 4 | Closures: 12
State Registrations
Registered in 1 states: NY
Franchisor Financials (Item 21)
Revenue
$6.2M
Crestcom InternationalNY Franchise — FAQ
The total investment to open a Crestcom InternationalNY franchise ranges from $91,850 to $104,919, per their Franchise Disclosure Document. This includes the initial franchise fee of $75,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Crestcom InternationalNY charges a royalty fee of 19.75% of Gross Revenues of gross sales, plus a Currently none contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Crestcom InternationalNY Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Crestcom InternationalNY to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Crestcom InternationalNY franchise owners report average revenue of $244K and median revenue of $175K. This is based on a sample of 67 units. Past performance does not guarantee future results.
Crestcom InternationalNY has been franchising since 1992. The FDD shows an investment range of $91,850-$104,919, a 19.75% of Gross Revenues royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $75,000 and the total investment ranges from $91,850 to $104,919 depending on location size and market. A minimum of $75,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Crestcom InternationalNY and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Crestcom InternationalNY or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com