Investment levels
The required investment levels will depend on a number of factors, including the speed of rollout, the local real estate market and the size of the agreed territory. We would normally expect an international franchisee to acquire a territory that could support a minimum of 5 studios which would usually be opened by the franchisee over a 3-5 year period. We would also be happy to hear from potential franchisees who are seeking a larger territory with the potential for a greater number of studios and in these cases clearly the investment levels would be greater, in line with the anticipated returns.
Our fees
We charge an initial franchise fee that covers the initial training of you and your team, the support that we provide in the pre-launch period and our other costs. The Initial Fee will be proportionate to the number of studios that is within the agreed development schedule. Thereafter a monthly franchise fee will be payable, which is calculated as a percentage royalty of the total retail sales of the Franchisee’s Venture business.
Supply of products
All of our studios purchase their finished portrait products from us. There may be some final assembly that the franchisee will carry out in the territory.
Expected returns
When implemented professionally, Venture’s business model will provide an International franchise with a healthy profits as well as an increasingly valuable asset.
The most efficiently run studios have a record of delivering well over 20% net returns.
Clearly there are no guarantees of success and the returns in a particular territory will depend on many factors, not least the effectiveness of the franchisee.