Questions and Answers About Franchising
Castus Low Carb Superstores™
Please carefully read through the information below and if you have any further questions feel free to contact us. Most of the frequently asked questions about franchising Castus Low Carb Superstores™ are covered here.
The US Department of Commerce also points out that retail sales from franchise establishments comprise about one-third of all US retail sales. John Naisbitt, in the Naisbitt Group's The Future of Franchising, has predicted that more than half of all retail sales will be made through franchise sales by the year 2010. Government research indicates that the success rate for franchise-owned endeavors is significantly better than the rate for non-franchise-owned businesses. These same findings also show that 80 percent of all new small business fail, many within the first year. By contrast, less than 2 percent of new franchises are discontinuted over a three year period.* * source: "Franchise Bible", Erwin J. Keup What Are the Approximate Opening Costs of a Castus Low Carb Superstore™ Franchise? The costs associated with opening your own Castus Low Carb Superstore™ Franchise range from $141,000. to $235,000. The major expenses are as follows:
The rest of the opening costs are Training Expenses, Insurance, Liscenses and Permits, Lease and Utility Deposits, Utilities, and misc. Opening and Grand Opening Expenses. These range from a total of $7,500.00 to $38,500.00. The franchise fee is paid upon signing of the Franchise Agreement, and the rest of the Opening Expenses are paid from that time until your store is opened and you have held your store's Grand Opening. Is Financing Available from Castus™? At this time, Castus Low Carb Superstores™ does not offer financing for the Opening Costs of your store. What Are the Royalty Fees on Sales? The royalty fee is 5% of the Gross Sales of your Franchise and is paid on a monthly basis. How Long is the Franchise Term? The initial term of your Franchise is for 10 years, with two 5-year renewal options. Will I have a Franchise Territory? Upon approval of your selected Franchise Store Location, you will be awarded a protected territory. You will receive extensive training, both in Low Carb Nutrition, and in Effetive Store Operations. This will be done at both our Facility and at your Franchise Store just before and after opening. Once I Open, Will I Have Any Ongoing Assistance? You will have a Castus™ Field Representative assigned to your store, whose job it is to assist you in any way neccessary to build your business. How much you earn is dependent upon a number of factors, such as how hard you work to build your business, your management skills, the location you choose, and several other factors. As is the case in any business venture, there is no guarantee of success. We provide you with what we feel is the best system for success, and the benefit of our years of Low Carb Retail experience. We are truly only as successful as you are. You may sell your Castus™ Franchise as long as we approve the buyer, and you pay the fees that accompany this. Can I Have Multiple Store Locations? If you meet our Financial and Operational Requirements, you may own multiple franchises. Are There Specific Inventory Requirements? There is a specific inventory you must carry in your Castus™ Franchise, and these items must be purchased from Vendors approved by us. We do not require that you purchase any Castus™-Branded products, however this may become a requirement in the future. |
