Network In Action Franchise - Deep Dive - 1851 Franchise

Franchise Deep Dive: Network In Action Franchise Costs, Fees, Profit and Data

The business networking brand offers a flexible, low-overhead franchise opportunity, providing entrepreneurs with a scalable, technology-driven networking model.

By Chris IrbyCopy Editor

8:08AM • 09/28/24

LAST UPDATED: September 2024

FRANCHISE WEBSITE: https://www.franchise.networkinaction.com/

NUMBER OF LOCATIONS: 200+ groups globally

REPORTED COST TO GET IN: $27,710 - $32,700

REPORTED ROI (Item 19): Varies depending on number of groups operated

Network In Action (NIA) is a business networking franchise that provides a structured platform for entrepreneurs and business professionals to connect, share resources and grow their businesses.

How Many Network In Action Locations Are There?

Network In Action was founded in Houston, Texas, by Scott Talley in 2014. With a background in business networking, Talley sought to create a more modern and efficient approach to traditional networking groups, focusing on monthly meetings and leveraging technology to enhance member engagement.

NIA began franchising in 2015, providing entrepreneurs with the opportunity to run their own networking groups under the NIA brand. Since then, the company has grown steadily and currently boasts over 200 NIA groups operating across 25 states in the U.S., along with an additional nine groups located across Canada, Guyana, Latvia, Lithuania, India and Suriname.

What Is Network In Action’s Business Model?

Unlike traditional weekly networking groups, NIA's model allows members to maintain a better work-life balance while still gaining the benefits of consistent networking. The company leverages technology, including a proprietary app, to facilitate communication, referrals and business tracking among members, enhancing the overall effectiveness of the networking experience.

For franchisees, NIA offers a compelling business opportunity with low overhead and flexible operations. Franchise owners are responsible for managing and growing their own local networking groups, supported by NIA’s comprehensive training and ongoing support. The franchising model is designed to be accessible, with no need for a physical office, allowing franchisees to focus on building relationships within their communities. NIA’s proven model and technological tools enable franchisees to operate efficiently, making it an attractive option for entrepreneurs looking to enter the business networking space with a strong support system and a scalable business opportunity.

How Much Can Network In Action Franchise Owners Make?

According to the brand’s 2022 Franchise Disclosure Document (FDD), franchises reported the following revenue for FY 2021 based on the number of NIA groups they operated:

1 NIA Group (8 Locations)

Average Gross Revenue: $24,112
Median: $23,167
High: $37,146
Low: $15,017

2 NIA Groups (9 Locations)

Average Gross Revenue: $39,096
Median: $32,542
High: $102,151
Low: $15,841

3 NIA Groups (6 Locations)

Average Gross Revenue: $73,355
Median: $73,879
High: $101,435
Low: $51,650

4 or More NIA Groups (3 Locations)

Average Gross Revenue: $126,532
Median: $121, 764
High: $156,511
Low: $121,764

How Much Does It Cost To Open a Network In Action Franchise?

The initial investment required to begin operation of a Network In Action franchise ranges from $27,710 to $32,700, according to NIA’s 2022 FDD. These costs break down as follows:

Initial Franchise Fee: $25,000
Business Licenses & Permits: $10 - $50
Computer & Related Tech: $1,000 - $1,500
Other Professional Fees: $1,000 - $2,000
Insurance Deposit: $300 - $450
Initial Inventory, Supplies & Marketing Materials: $400 - $700
Additional Funds (3 Months): $0 - $1,000

What Is the Franchise Fee for Network In Action?

The initial franchise fee is $25,000 to establish an NIA business, with the obligation of establishing a total of three NIA groups. The franchise fee is due upon the signing of the franchise agreement.

Who Is on the Network In Action Leadership Team?

Scott Talley — Founder and Franchise Director
Gerarda Sanchez — Manager

What Helpful Articles Can I Read To Learn More About Network In Action?

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