INVEST IN A NEW FARM STORES OR AN EXISTING ONE?
Entrepreneurs almost always prefer to minimize their financial risks, especially when they’re investing their own money in a new enterprise. This alone is why many entrepreneurs decide to invest their funds in a proven franchise model like Farm Stores, rather than getting involved in a startup or buying a small business with little brand recognition.
Aside from having great managerial and people skills, candidates must meet the fundability requirements. Once we’ve helped franchisees pinpoint the funding, we help them decide whether they’d be happier with a new Farm Stores franchise or an existing one.
Estimated initial investment for a new store
|Initial Franchise Fee||$25,000|
|Real Estate Services Fee||$1,000|
|Building Costs||$100,000 - $150,000|
|Site Development Costs||$0 - $150,000|
|Furniture, Fixtures, Small Wares||$5,000 - $10,000|
|Equipment, Fixtures, and Signs||$50,000 - $75,000|
|Opening Inventory||$10,000 - $20,000|
|Licenses and Permits||$5,000 - $20,000|
|Grand Opening Advertising||$15,000|
|Point of Sale System||$2,500|
|Miscellaneous Opening Costs||$5,000 - $15,000|
|Uniforms||$300 - $500|
|Travel & Living Expenses while Training||$2,000 - $6,000|
|Additional Funds for First 6 Months of Operations||$25,000 - $50,000|
What about buying an existing Farm Stores?
We have existing Farm Stores available for resale, and these locations would not incur expenses for site development. However, existing locations will need to be brought up to Farm Stores 4.0 standards, which will include structural renovations and a number of technology upgrades.
Bear in mind that your initial investment for a Farm Stores will depend on a number of factors such as:
- How many stores you acquire
- Their location
- Their configuration
- Who pays the cost of developing the real estate and/or construction of the store
- The amount and terms of the financing. Equipment leasing is available.
- The size of the site and its municipal requirements
Interested in opening more than one Farm Stores franchise? Our territories are wide open, and in addition to targeting single and multi-unit operators, we are appealing to area developers as well!
Now that you have a feel for the numbers, let’s take a look at available development territories.