HOW MUCH IS THE INITIAL FRANCHISE FEE AND WHEN Is It PAID?
The franchise fee is a one-time payment of $19,995 made at the time you sign the franchise agreement. There are no additional charges for your training and for our assistance in opening your studio, other than out-of-pocket travel and lodging expenses.
HOW MUCH CASH IS NEEDED TO OPEN A STUDIO?
The initial amount needed to open a studio varies. You can view the estimated initial investment breakdown here. We recommend having a minimum of $60,000 liquid cash available. If you are working with a financial partner such as a bank or the SBA (Small Business Administration) that dollar amount may vary. If financing assistance is needed, we recommend you explore your options early in the process.
HOW MUCH ARE THE ROYALTY PAYMENTS AND OTHER ON-GOING FEES?
The on-going royalty rate is 5% of sales. There is also a contribution to the marketing materials development fund of 1% of sales. Busy Bees® Pottery & Arts Studio requires that you allocate 2% of your sales to your own local marketing and advertising.
WHY SHOULD I BUY A BUSY BEES POTTERY & ARTS STUDIO FRANCHISE INSTEAD OF OPENING AN INDEPENDENT STUDIO?
When you own a Busy Bees® Pottery & Arts Studio franchise, you have access to an established system of operation from the moment you sign your Franchise agreement. You receive customized training and have access to experts with years of experience in the industry so that you don’t have to learn by trial and error. As a franchisee, you have someone working on your business while you work in your business.
CAN I CONVERT MY INDEPENDENT STUDIO, OR PURCHASE AN EXISTING INDEPENDENT STUDIO TO CONVERT TO A BUSY BEES POTTERY & ARTS STUDIO FRANCHISE?
Absolutely! We have a conversion program to begin taking advantage of Busy Bees® Pottery & Arts Studio’s purchasing power immediately while you gradually convert the studio.