Beadniks
2700 Avenger Dr., #111
Virginia Beach, VA 23452
-
(757) 463-5564
- (757) 463-5556 (Fax)
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 |
100.0% |
| Company-Owned Units |
0 |
0.0% |
| Total Operating Units |
6 |
100% |
Geographic Distribution
| USA |
6 |
100.0% |
In 6 States
|
| Canada |
0 |
0.0% |
In 0 Provinces
|
| International |
0 |
0.0% |
In 0 Foreign Countries
|
| Total |
6 |
100% |
|
Multi-Unit Operators
| Multi-Unit Operators |
N/A |
| Franchises Owned by Multi-Unit Operators |
N/A |
North American Unit Density
| Density |
Units |
| California |
1 |
| Illinois |
1 |
| Massachusetts |
1 |
Registered in the following Registration States
California, Florida, Illinois, Maryland, Michigan, Minnesota, Virginia
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Support and Training
General Information
| IFA Member |
No |
| CFA Member |
No |
| Franchisee Association? |
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
|
Ongoing Support
| Central Data Processing |
N/A |
| Central Purchasing |
N/A |
| Field Operation Evaluation |
Included |
| Field Training |
Included |
| Initial Store Opening |
Included |
| Inventory Control |
Included |
| Franchisee Newsletter |
Included |
| Regional or National Meetings |
Included |
| 800 Telephone Hotline |
N/A |
Training
| Home Office |
2 Weeks |
| On-Site |
10 Days |
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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 |
0.60% |
Site Information and Requirements
| Average Number of Full-Time Employees |
2 |
| Average Number of Part-Time Employees |
4 |
| Space Needs (in square feet) |
1,500-2,000
|
| Preferred Site Types |
Free Standing Building, Storefront, Strip Center, Regional Mall
|
| Other Site Types Allowed |
Lifestyle Center |
| Encourages Conversions |
Yes |
| Item 19 (Earnings Claim) Provided? |
No |
| Listed in the SBA Registry? |
No |
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Franchisee Qualifications
| Financial Net Worth |
3 |
| General Business Experience |
3 |
| Specific Industry Experience |
2 |
| Formal Education |
2 |
| Psychological Profile |
5 |
| Personal Interviews |
5 |
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Terms of Contract
| Term of Initial Contract |
5 |
| Term of Renewal Period |
5 |
| Passive Ownership? |
Not Allowed |
Area Development
Agreements? |
Yes, for 0 years
|
Sub-Franchisor
Contracts? |
No |
| Franchisees Allowed to Expand Within Territory? |
Yes |
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Expansion Plans
| Projected New Units Over Next 12 Months |
2 |
| USA |
Yes, All States |
| Canada |
No |
| Overseas |
No |
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