QUESTION:
|
How soon can I open my store once my application is approved? |
Answer:
|
This
can vary depending on location and site availability. A
typical process is:
1. Site selection and review 2 weeks
2. Lease negotiations 2-4 weeks
3. Build out and fixturing 10-12 weeks
4. Training 1 week off site, 1 week on site
Total
Time to Open 15-20 weeks
|
QUESTION:
|
What
is the total cost to open a new Forest of Flowers® retail
store? |
Answer:
|
The
cost can vary depending on store size, location, local labour
costs, lease, etc. The total cost, including Franchise Fee,
is typically $105,000 to $185,000. |
QUESTION:
|
How
much money of my own will I need to purchase a franchise? |
Answer:
|
You
will need approximately $50,000 of unencumbered cash. The
balance will be bank financed. You will also require a net
worth of $175,000 to $250,000. |
QUESTION:
|
What
are the on-going Franchise Royalty and Marketing Fund fees? |
Answer:
|
The
Royalty fee is 5% of gross sales; the Marketing fee is 2.5%
of gross sales. |
QUESTION:
|
Can
I own more than one Forest of Flowers® store? |
Answer:
|
Subject to meeting certain performance, financial, and partnership
guidelines, franchisees may be awarded more than one store
or become a master franchisee. |
QUESTION:
|
Do
I have to buy all of my products from your approved sources? |
Answer:
|
Yes.
Product uniformity achieved through our proprietary supply
network achieves a more consistent customer buying experience
and is fundamental to offering our unconditional Product
Satisfaction Guarantee. |
QUESTION:
|
What
skills and traits are desirable to maximize the likelihood
of success? |
Answer:
|
One
of the most important skills is the ability to deliver outstanding
customer care. We also look for the confidence and desire
to run your own business, management and financial acumen,
and a general affinity for flowers. Retail experience, while
an asset, is not mandatory. |
