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Weathersby Guild Franchise ProfileBusiness Services Franchises > Consulting |
What Are the Initial Investment Requirements for a Weathersby Guild Franchise?
To open a Weathersby Guild franchise, you will need to prepare for an initial investment ranging from $71,590 to $98,130. This includes a franchise fee of $49,000. It's essential to have cash on hand within this range, along with a net worth requirement of $200,000 to $500,000. These financial prerequisites ensure that you are adequately funded to support your business in its early stages.
What Are the Ongoing Fees Associated with a Weathersby Guild Franchise?
Franchisees of Weathersby Guild are required to pay a royalty fee of 7% on gross sales, along with a marketing fee of 6% to support brand promotion. Understanding these ongoing fees is crucial for budgeting and financial planning. These fees contribute to the overall marketing strategy and operational support provided by the franchisor, helping you maximize your business's potential.
What Is the Average Revenue Potential for a Weathersby Guild Franchise?
A typical Weathersby Guild franchise has an average annual revenue of approximately $115,000, with a median revenue of $90,000. Revenue can vary significantly, with the lowest reported at $50,000 and the highest at $350,000. This revenue potential highlights the importance of location, management, and market demand in determining your franchise's success.
How Long Will It Take to Break Even with a Weathersby Guild Franchise?
The breakeven time for a Weathersby Guild franchise is estimated at 12 months, with an investment payback period of around 24 months. This timeline indicates that, with effective management and operational efficiency, you could start seeing returns on your investment relatively quickly. Understanding these metrics can help you set realistic expectations for your franchise journey.
Weathersby Guild 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:
Weathersby Guild 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 | 58 | 53 | 54 |
| Net Change YoY | -5 | 1 | |
| Franchised Units | 58 | 53 | 54 |
| Net Change YoY | -5 | 1 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | 0 | 0 |
Initial Investment
The Weathersby Guild franchise offers a low initial investment ranging from $71,590 to $98,130, making it accessible for aspiring entrepreneurs. The initial franchise fee is set at $49,000, which is part of the overall investment required to start a new unit.
Financial Performance
Each Weathersby Guild unit generates an average annual revenue of $115,000, with a median revenue of $90,000. The revenue can vary significantly, with some units reporting as low as $50,000 and others as high as $350,000. This range highlights the potential for profitability within the franchise model.
Franchise Fees
Franchisees are subject to a royalty fee of 7% on gross sales, in addition to a marketing fee of 6.7%. These fees contribute to the ongoing support and brand marketing efforts provided by Weathersby Guild, ensuring franchisees benefit from a strong brand presence in the market.
Breakeven and Payback
Franchisees can expect to reach breakeven within approximately 12 months of operation. The investment payback period is estimated at 24 months, allowing owners to recoup their initial investment relatively quickly compared to other franchise opportunities.
Unit Growth
Weathersby Guild has shown consistent unit growth, with 58 franchised units in 2021, 53 in 2022, and 54 in 2023. This stability indicates a resilient business model and a commitment to maintaining franchisee success, even in a competitive landscape.
Corporate Structure
Weathersby Guild operates as a franchise model with no corporate-owned units. This structure allows franchisees to have greater autonomy in managing their businesses while benefiting from the support and resources provided by the franchisor.
Frequently Asked Questions
The initial investment for a Weathersby Guild franchise ranges from $71,590 to $98,130, which includes the franchise fee of $49,000.