Franchise Investment

Franchise Fees

The Franchise fees listed are approximate costs and may be more or less than listed due to discounts, landlords covering build out costs, and your ability to get handy!

 

Franchise Fee Paid in full $30,000

Fee for using our brand name and trade secrets if paid in

full at the time of agreement signing.

 

Franchise Fee if deferring payments $35,000

Fee for using our brand name and trade secrets if paid over the

Course of 1 year in equal payments. $5,000 is due at signing of lease agreement.

 

Senior Executive Fees $0

This is a fee that all Franchisors usually have that would range between $54,000-$100,000 to employee a specific person for 6 months to oversee the

Franchisee operations from construction through the first 3 months of business. This is something that we waive because we oversee the job ourselves to make sure everything is done in accordance & our franchisees can keep costs low.

 

Store Merchandise Cost $30,000 - $50,000

This fee is used to buy merchandise to fill the store. Smaller stores 1,500 sqft or less usually only need $30,000, stores 1,500-2,000sqft need approximately $40,000 & stores over 3,000 sqft will need about $50,000 in merchandise. All merchandise is to be approved by the Franchisor & all Jewelry is to be purchased through the Franchisor. 

 

Interior Decor Package - $4,000- $7,000

This fee is including but not limited to display tables, clothing racks, shelving, mannequins, and interior decorations. The cost varies depending upon the size of the store and the type of decor package chosen. 

 

Build Out Fee $5,000 - $50,000

Approximate build out fee depends on many variables including but not limited to condition of store, contractors fees, and whether the landlord will reimburse the tenant for improvements. Many malls will reimburse construction costs or do the work themselves and money can be recouped after the appropriate paperwork is filed. We also include register hardware and speakers in this category.

 

Royalty Fee 8%

Our royalty fee is the monthly fee that we collect of gross sales. This fee includes a 1% advertising fee that we use to advertise The Copper Closet in your store area. This is collected monthly based on the prior months sales.

 

FEE TOTALS: $44,000 - $137,000

 

Competitor Fees

Our mission is to provide women with an affordable franchise option so that we can encourage more women to be self sufficient business owners. We attribute our success with the fact that our start up cost is very low so that we have not incurred debt on our journey of opening first 10 stores in 3 years with little to no revolving debt. We're not afraid to share other franchises cost because we don't have anything to fear, we know what we have to offer and our cost is at a fraction of theirs.

 

Franchise

Minimum Investment

Maximum Investment

Copper Closet     

$44,000

$137,000

Apricot Lane

$132,550

$329,800

Fab’rik

$120,000

$200,000

Lizard Thicket

$201,000

$425,000

Scout & Molly

$250,300

$294,750

 

Apricot Lane

Name of Fee

Low

High

Initial Franchise Fee (first store)

$34,500

$34,500

Site Selection Analytics

$1,550

$3,500

Real Estate/1st Month Rent

$0

$10,000

Deposits (Lessor, Utilities, Providers)

$0

$5,000

Store Designer/Architect

$3,500

$7,500

Construction/Leasehold Management

$0

$2,000

Plan Review Fee

$0

$1,500

Construction/Leasehold Improvements

$0

$75,000

Center Construction Fees & Demolition

$0

$2,500

Construction Consulting Fee

$0

$1,500

Cash Wrap

$500

$5,000

Flooring & Installation

$1,000

$10,000

Display Fixture Package, Bags and Boxes

$4,000

$15,000

Computer & Software

$10,000

$13,000

Initial Inventory

$35,000

$65,000

Insurance Deposit

$0

$1,000

Exterior Signs

$500

$8,000

Expenses While Training

$2,000

$3,000

Grand Opening, Pre- and Post-Opening Advertising and Public Relations

$10,000

$12,000

Outside Services Development Fee

$0

$1,000

On-Site Store Opening and Visual Merchandising

$1,500

$4,000

Initial Store Marketing & POP Package

$1,500

$1,800

Office Equipment, Furniture & Supplies

$1,000

$2,500

Lease Negotiations and Lease Legal

$5,000

$5,000

In Store Music/Video System

$500

$1,500

Professional Fees

$500

$1,000

Additional Funds - 3 months

$20,000

$40,000

ESTIMATED TOTAL (for first store)

$132,550

$329,800

 

Fab’rik

Fab'rik does not provide financing, and expects all applicants to be able to demonstrate the below required investment, a minimum of $200,000.

Investment Type

Amount

Due

Initial Franchise Fee 

$35,000

Upon signing

Buildout

$85,000 - $125,000

As incurred

Royalty Fee

5% of monthly sales

Monthly

National Advertising Fee

2% of monthly sales

Monthly

The initial investment ranges between $120,000 - $200,000*

*Cost ranges as there are many variables in the process including location, materials, contractor, etc.

 

Lizard Thicket

This is an estimate of the initial investment to open a Lizard Thicket Franchise.  The substantial difference in the amount needed to fund the leasehold improvements depends on each location, and the willingness of the landlord to fund your build out. In many cases, we are able to obtain 100% of the funding needed for tenant allowance.  If this is the case, with your store, the amount needed to start a Lizard Thicket Franchise will be closer to the lower amount listed. 

 

 

Scout & Molly

Scout & Molly’s Franchise Fee: $50,000

Royalty: 5% (scales up to 6% in year 3 & beyond)

Scout & Molly’s Franchise Total Investment: $250,300 – $294,750

Liquid Capital Required: $100,000

Net worth Required: $400,000