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Beadniks
 

Beadniks is more than a business opportunity,it's a lifestyle. Explore a world of exotic beads in this activity-based retail concept. Beadniks offers an exotic world theme store where customers create custom jewelry with beads from the far corners of the globe. Join the Beadniks family and become part of the number one bead store in the country and the fastest growing beading and craft concept in franchising. We offer exceptional training and support, national buying power and proven marketing programs.

Franchisor Background

Year Established:

  1990

Franchising Since:

  2006

Operating Units:

Franchised Units:6 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:6 100%  
 

Geographic Distribution:

U.S.:6 100% In 6 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:6 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. California1
2. Illinois1
3. Massachusetts1

Registered in Following Registration States:

   California, Florida, Illinois, Maryland, Michigan, Minnesota, Virginia

Financial Requirements

Investment:

Minimum Net Worth:$100K
Cash Investment:$50-75K
Total Investment:$162.1-394.5K
Average Total Investment:$375K
 

Fees:

Initial Franchise Fee:$30K
Average Franchise Fee:$30K
On-Going Royalty:6%
Average Royalty:6%
Advertising Fee:.6%

Average Number of Employees:

   2 Full-time, 4 Part-time

Space Needs (in square footage):

   1,500-2,000

Preferred Sites:

   Free-standing Building, Storefront, Strip Center, Regional Mall

Other Sites:

   Lifestyle Center

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:4
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?Yes, Indirect
 

Marketing Support:

Co-Op Advertising:No
National Advertising:Yes
Regional Advertising:Yes
Local Advertising:Yes
Marketing Materials:Ad Slicks, Brochures, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Videos
Additional Services:Grand Opening, In-house Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Not Applicable
 

Training:

1. Home Office2 Weeks
2. On Site10 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:3
Specific Industry Experience:2
Formal Education:2
Psychological Profile:5
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:5 Year(s)
Term of Renewal Period:5 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?Yes, for 0 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   2
U.S.:Yes, All States
Canada:No
Overseas:No
 
 
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