Trustegrity Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$37,525 - $74,275
Franchise Fee
$12,800
Total US Locations
25
Business Summary
Trustegrity® Global operates a business that facilitates groups of business leaders, entrepreneurs, and professional advisors. These groups allow members to connect, confide, and collaborate using the Trustegrity® System, which is a uniform business format with specific procedures, methods, and designs. Trustegrity® Global franchisees own and operate these businesses, providing a complete business system, including a license to use the trademarks, service marks, and a proprietary business system for networking, knowledge sharing, and peer advisory services. The target market for Trustegrity® Global emphasizes entrepreneurs, business coaches, sales, and other business professionals.
Corporate History
Trustegrity® Global, legally Connect, Confide, and Collaborate LLC, was organized as a Georgia limited liability company on April 29, 2020. The company began offering franchises for its business of facilitating business groups on April 30, 2020. The Trustegrity® concept itself originated in 2012, expanding nationally based on the idea of providing business professionals with connections, strategic advice, and knowledge-sharing opportunities. High Achievers Holdings, LLC acquired Trustegrity®'s assets from Success Masters, LLC in 2019. These franchise assets were subsequently transferred to Connect, Confide and Collaborate LLC in May 2020. Prior to this transfer, Trustegrity® had sold one franchise during 2018 under its previous ownership.
Financial Overview
Investment Range
$37,525 - $74,275
Franchise Fee (Low)
$12,800
Franchise Fee (High)
$15,300
Royalty %
12%
Marketing %
3%
Equipment Costs (Low)
$2,000
Equipment Costs (High)
$10,000
Working Capital
$10,000
Audited Financials
Yes
Offers Financing
No
Financial Health Notes
Trustegrity® Global's financial statements show a negative equity of -$219,579.04 as of May 31, 2024. The FDD itself highlights this as a special risk, noting that the franchisor's financial condition may call into question its ability to provide services and support to franchisees.
Financing Details
Trustegrity® Global does not offer any direct or indirect financing to its franchisees and does not guarantee any loans, leases, or other obligations.
Performance Metrics
Total US Locations
25
Franchised Units
14
Corporate Units
11
Franchising Since
2020
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Trustegrity® Global has no litigation history to report. Item 3 of the FDD states that no litigation is required to be disclosed.
Bankruptcy History
Trustegrity® Global has no bankruptcy history to report for itself, its predecessors, or its executive officers. Item 4 of the FDD states that no bankruptcy is required to be disclosed.
Agreement Terms
Initial Term
8 years
Renewal Term
8 years
Renewal Conditions
Trustegrity® Global franchisees who wish to renew must provide written notice between 9 and 12 months before the initial term ends. They must be in substantial compliance with their Franchise Agreement, have no defaults, and satisfy all financial obligations. Additionally, franchisees are required to release any claims against Trustegrity® Global, pay a renewal fee, sign the then-current franchise agreement (which may have different terms), and update their Trustegrity® Business to reflect current brand standards.
Training & Support Program
Franchisor Assistance
Before opening, Trustegrity® Global assists with an optional lease site approval process, offers 5 days of initial training for the franchisee and one additional person, provides a copy of its Operations Manual, and delivers a six-month 'Local Lift-Off' marketing support program. Throughout the franchise operation, Trustegrity® Global provides additional training (at a fee), may require attendance at annual conferences (with a fee), offers some free advertising and promotional materials, conducts annual inspections (first one free), provides advisory assistance and Operations Manual updates (free), helps ensure approved suppliers are available, and examines unapproved products/services for approval (at franchisee cost). Trustegrity® Global also guides pricing and offers administrative, bookkeeping, accounting, sales process, and group management information through its Operations Manual.
Initial Training Hours
22
Training Location
Corporate headquarters in Atlanta, GA or virtual
Ongoing Support
Trustegrity® Global provides ongoing support through optional additional training (at a fee) which may occur at the franchisee's business or corporate headquarters, typically once a year for up to 5 days. Franchisees must attend mandatory annual conferences (with a fee, plus travel expenses). Trustegrity® Global conducts regular inspections of the business, with the first annual inspection covered by the franchisor unless non-compliance requires additional paid visits. Franchisees receive free advisory assistance, including periodic updates to the Operations Manual and operational advice. Trustegrity® Global also works to ensure high quality standards and approved suppliers are available, offers guidance on pricing, and will examine unapproved products or services for approval (at the franchisee's expense).
Franchise Requirements
Ideal Candidate Profile
Trustegrity® Global seeks individuals who are business leaders, entrepreneurs, or professional advisors interested in facilitating groups that connect, confide, and collaborate. Ideal candidates should have sufficient business experience, aptitude, and personal character to operate the franchise properly. For the first three years, franchisees must personally and exclusively supervise operations, demonstrating a substantial commitment of time and effort. After this initial period, the franchise can be managed by a full-time, trained manager. Franchisees should have financial resources to operate the franchise and must not be involved in directly competitive businesses. They should be capable of identifying, recruiting, screening, and training suitable Trustegrity® Business Chairs and members, and providing ongoing consultation to members.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Hands-On
Territory Type
exclusive
Territory Size Requirements
Trustegrity® Global grants an exclusive territory to its franchisees, which will consist of a minimum of 8,000 local businesses. The territory is further defined by maps in the franchise agreement.
Staffing Notes
Trustegrity® Global franchisees must spend adequate time each week on 'Oversight Responsibilities' and 'Accounting Responsibilities.' They are required to ensure that a person to whom they have delegated management authority and responsibility is regularly supervising operations. There are no limits on whom the franchisee may hire as a supervisor, and equity in the franchisee entity is not required for the supervisor. Franchisees are also trained to train Trustegrity® Business Group Chairs, who will lead the business groups.