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Board & Brush Creative Studio Franchise ProfileChildren’s Franchises > Art & Craft Programs |
What Are the Initial Investment Requirements for a Board & Brush Franchise?
To open a Board & Brush Creative Studio franchise, the initial investment ranges between $65,489 and $89,761. This includes a franchise fee of $25,000. Franchisees should also be prepared for ongoing costs, such as a 6% royalty fee on gross sales and a 1% marketing fee. Aspiring franchisees need to demonstrate a cash reserve of at least $25,000 and a net worth between $100,000 and $500,000 to qualify for this opportunity.
What Is the Average Revenue Potential for Board & Brush Franchisees?
Board & Brush franchisees can expect average annual revenues of approximately $125,549 per unit, with a median revenue of $116,588. The revenue range varies significantly, with the lowest reported annual revenue at $29,372 and the highest at $369,779. This potential for earnings makes Board & Brush an attractive option for those looking to invest in a creative and engaging business model.
How Quickly Can Franchisees Break Even with a Board & Brush Studio?
Franchisees can anticipate reaching their breakeven point within about 12 months of operation. This relatively short breakeven period is appealing for new business owners, as it indicates a potential for quick returns on their investment. Furthermore, the investment payback period is roughly 16 months, allowing franchisees to recoup their initial investment in a timely manner.
What Is the Current Growth Trend for Board & Brush Franchises?
The Board & Brush franchise system has shown a fluctuating growth trend in recent years, with 239 franchised units in 2021, increasing to 250 in 2022, and then slightly declining to 226 in 2023. Despite this recent dip, the overall presence of Board & Brush studios remains strong, indicating a resilient brand in the creative studio sector. This trend reflects the ongoing interest in DIY experiences and community engagement through creative arts.
Board & Brush Creative Studio Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Board & Brush Creative Studio Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 243 | 253 | 228 |
| Net Change YoY | 10 | -25 | |
| Franchised Units | 239 | 250 | 226 |
| Net Change YoY | 11 | -24 | |
| Corporate Units | 4 | 3 | 2 |
| Net Change YoY | -1 | -1 |
Investment Overview
The Board & Brush Creative Studio franchise offers a low initial investment range of $65,489 to $89,761, making it accessible for aspiring entrepreneurs. The franchise fee is set at $25,000, with a royalty fee of 6% on gross sales and a 1% marketing fee. This financial structure allows franchisees to allocate resources effectively while benefiting from the brand's established market presence.
Revenue Potential
Franchisees can expect an average annual revenue of approximately $125,549 per unit, with a median annual revenue of $116,588. The revenue range varies significantly, with the lowest annual revenue recorded at $29,372 and the highest at $369,779. This variability highlights the potential for growth and profitability within the franchise model, depending on location and management effectiveness.
Breakeven and Payback Period
The Board & Brush franchise has a breakeven time of about 12 months, allowing investors to recover their initial investment relatively quickly. The average investment payback period is approximately 16 months, indicating a favorable return on investment timeline for new franchisees. This quick recovery can be appealing for those looking to establish a profitable business.
Franchise Growth
As of 2023, Board & Brush operates 226 franchised units, demonstrating a solid growth trajectory from 239 units in 2021 and 250 in 2022. This expansion reflects the brand's appeal and the increasing demand for creative studio experiences. The trend in unit growth suggests a resilient business model with opportunities for further development in various markets.
Corporate Structure
Board & Brush Creative Studio operates both franchised and corporate units, with a decline in corporate locations from 4 in 2021 to just 2 in 2023. This shift indicates a strategic focus on franchising as the primary growth avenue, allowing the company to leverage local entrepreneurs' insights and resources while expanding its brand reach.
Operational Expenses
Franchisees should anticipate total estimated operating expenses between $65,489 and $89,761 annually. Key expenses include grand opening advertising at $2,100, insurance costs ranging from $400 to $500, and additional funds for operating expenses estimated at $8,900 to $15,825 for the first three months. Understanding these costs is crucial for effective financial planning and management within the franchise.
Frequently Asked Questions
The initial investment for a Board & Brush franchise ranges from $65,489 to $89,761, which includes a franchise fee of $25,000.