| |
The fee for purchasing a Fuzziwig’s Candy Factory franchise is
$30,000 which is due upon signing. In addition, we
have an incentive for multi-unit owners – the fee for the second
store is $25,000 with the third and subsequent stores at $20,000 each.
Royalties are 6% of gross sales, paid monthly.
The initial term of the franchise is 10 years with an option to renew
for two terms of five years each. There is no additional franchise fee
due upon renewal; a $500 renewal fee is required.
Fuzziwig’s Candy Factory is like any other retail business –
it requires a substantial amount of time to make it successful. Be prepared
to work long hours, especially at first, learning the business. Because
of the simplicity of the operation and our proven management systems,
Fuzziwig’s Candy Factory stores provide ownership opportunities for
everyone from the “Mom and Pop” whose dream is working together,
to the multi-unit operator whose goal is several stores with a dedicated
staff and management team.
top of page
The number of employees in your store will vary depending upon your location
and season. An average store consists of one full-time employee and two
to four part-time employees in addition to you.
top of page
Typically, franchisees will finance approximately 70% to 80% of the total
cost of opening a store. Fuzziwig’s Candy Factory, Inc. does not
provide financing. We will, however, help you prepare a business plan
and loan application. Financing of the project is usually through a local
bank and often as an SBA guaranteed loan.
top of page
Fuzziwig’s Candy Factory, Inc. requires a franchise candidate to
have a net worth of $400,000 and liquid assets of $75,000. This ensures
that you have the needed capital for start-up and is consistent with what
most banks require to finance a loan for store build-out.
top of page
| Expenditure |
Low |
High |
When Due |
| Initial Franchise Fee |
$ 20,000 |
$ 30,000 |
$15,000 at signing of Franchise Agreement and balance in 180 days or on lease signing, whichever is earlier |
| Lease Negotiation Fee |
$ 0 |
$3,000 |
At time of lease negotiation |
| Build-out & Improvements |
$ 50,000 |
$140,000 |
Before Opening |
| Architect/Design |
$ 6,000 |
$ 8,500 |
As Incurred |
| Furniture, Fixtures & Animation |
$ 47,000 |
$ 63,000 |
Before Opening |
| Equipment |
$ 10,200 |
$ 14,300 |
Before Opening |
| Acrylics |
$ 9,500 |
$ 14,000 |
Before Opening |
| Signs |
$ 2,500 |
$ 8,500 |
Before Opening |
| Opening Inventory & Supplies |
$ 20,000 |
$ 25,000 |
30 days After Shipping |
| Deposits & Licenses |
$ 50 |
$ 9,550 |
Before Opening |
| Rent |
$ 7,500 |
$ 15,000 |
First of each month |
| Travel & Training Before |
$ 1,250 |
$ 2,500 |
Before Opening |
| Additional Funds- 3 months |
$ 8,000 |
$ 15,000 |
As Incurred |
| Total Estimated Initial Investment |
$182,200 |
$348,350 |
|
| These estimates are based on our experience of building
out a large number of stores. However, costs can vary based on location. |
top of page
|
