Franchise Fee : 39,900 USD (U.S. Dollar)
Total Investment : WHAT ARE THE FINANCIAL REQUIREMENTS?
Within the United States: We look for prospective franchisees with liquid assets of at least US $80,000 and net worth over US $200,000. Liquid assets can be cash or assets easily convertible into cash. In the United States total project costs to open and operate a single store can be between US $196,000 and US $446,000, excluding rent, depending upon size of store and location. This amount will vary depending upon what type of venue you choose for your location, i.e. mall or strip center. The amount will be substantially more if you are considering more than one store, such as an area development agreement.
Outside the United States: For single stores we look for franchisees with liquid assets of at least US $80,000 and net worth over US $200,000. For area development agreements and master franchise agreements we require substantially more capital and the amounts will vary based upon the number of stores involved in the agreement. Total project cost will also vary from country to country based upon labor, real estate, construction costs and other local differences.
WHAT ARE THE FEES?
Single and subsequent single store agreements in the United States: The initial fee for a single store in the US is US $39,900. The initial fee for additional stores is discounted to US $27,930 to provide incentives for existing franchisees to grow. The monthly royalty is five percent (5%) of net sales, which is paid monthly. In addition, one percent (1%) of net sales is contributed to the Marketing Support Fund on a monthly basis. (see below)
Area Development agreement within or outside the United States: This agreement provides incentives (reduced initial fees and ongoing royalties) for franchisees that commit to opening and operating multiple stores. The initial area development fee, the amount of monthly royalty and the possibility of participating in the Marketing Support Fund vary depending upon territory size and whether the territory is domestic or international.
Master Franchise agreement: A master franchisee can open and operate multiple stores with the additional possibility of sub-franchising within a defined territory. The territory is typically a state, a single country or group of neighboring countries and the one time "country fee" or "master fee" is based upon the potential store development within the territory. The amount of monthly royalty and the possibility of participating in the Marketing Support Fund varies.
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