Before contacting the firm to find out how much it will cost to create a farm stores franchise in your area, it would be helpful for you to get a glimpse of what the company stands for. Farm stores are a multigenerational brand that has been providing a distinctive neighborhood and community experience for almost 65 years.
It is a grocery store, bakery, and cafe that offers the fresh products in an easy way without requiring the consumers to leave their cars. Despite evolving to meet the demands of busy customers, farm stores have maintained the integrity of their brand.
Currently, people are franchising their various brands to bring the farm store experience to most of the towns in America. Farm store, which was established in 1957, and has its headquarters at 2937 S.W. 27th Ave. in Coconut Grove, Florida, USA, is the biggest and most inventive drive-through retailer in the country. It sells groceries, home goods, and varieties of bread, snacks, and other already-made foods.
The Cost of Opening Farm Stores Franchise
Farm stores have a franchise fee of up to $25,000, with a total initial investment range of $128,501 to $213,2000.
- Initial investment: $128,501 – $213,200
- Net-worth requirement: $15,000 – $25,000
- Liquid cash requirement: $15,000 – $25,000
ONGOING FEES
- Initial franchise fee: $25,000
- Ongoing royalty fee: 5 percent
- Ad royalty fee: 1 percent
Steps on How to Open a Farm Stores Franchise
1. Have Enough Capital
You would need a net worth of more than $128,000 to open a farm store business.
2. Know The Costs Required To Open a Grocery Shop Franchise
You must take into account the costs of construction and signage, licenses/permits, uniforms, insurance, and other expenses.
3. Consider Your Past Experience and Strengths
Before opening a farm store franchise, you should carefully assess your business experience.
4.Scrutinize The Supply on The Market
You should research the market before considering the franchise application viability for farm store franchises, and also check if there are markets available in your target location.
5. Send In Your Application
The farm stores franchise team will examine your application, you will get an email confirming your receipt in regards to that. This will also include the franchise owner’s contact information in the email.
6.Get Approval to Start Your Farm Stores Franchise
You will be given franchise clearance after the results of your background and financial check. Have in mind that only applicants who meet the requirements of franchise owners will be approved.