Network LEX
We provide a business-to-business lead exchange network for small businesses that want to send and receive referrals through an online portal. Our system organizes members into local chapters, with each chapter limited to one business per profession, so members can build trusted referral relationships with non-competing businesses. Members use the Network LEX website to share leads, track commissions, and manage payments through an online wallet. Chapter leaders help administer each group, and we recruit and support the businesses that join each chapter. Our value is helping small businesses generate more qualified referrals while keeping the process organized and easy to manage.
Your franchise match score
Technology
Brand highlights
- CEORay Titus
- Headquarters2121 Vista Parkway, West Palm Beach, FL, 33411
- Year founded2018
- Year started franchising2021
- IndustryTechnology
- Locations open25 (+25 last three years)
Statistics & metrics
- Investment range$19,500 - $62,000
- Franchise fee$19,500
- Royalty15% of your gross revenues 1, 2 or a minimum royalty amount of $200 per month (first year), $300 per month (second year), and $400 per month (third year and every year thereafter) (whichever is greater).
- Brand fund1% of gross revenues or $100 per month (whichever is greater)
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Technology industry:
Technology franchises include IT support, computer repair, and digital marketing. As technology becomes integral to daily life, this sector offers opportunities for tech-savvy entrepreneurs.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2021-08-12
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Network LEX, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Network LEX's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Network LEX, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Network LEX franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Network LEX provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 25 |
| Franchise locations | 25 |
| Corporate locations | 0 |
System growth over time
FAQs
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