The fee for purchasing a Fuzziwig’s Candy Factory franchise is $30,000 which is due upon signing. In addition, we have an incentive for multi-unit owners – the fee for the second store is $25,000 with the third and subsequent stores at $20,000 each.
Royalties are 6% of gross sales, paid monthly.
The initial term of the franchise is 10 years with an option to renew for two terms of five years each. There is no additional franchise fee due upon renewal; a $500 renewal fee is required.
Fuzziwig’s Candy Factory is like any other retail business – it requires a substantial amount of time to make it successful. Be prepared to work long hours, especially at first, learning the business. Because of the simplicity of the operation and our proven management systems, Fuzziwig’s Candy Factory stores provide ownership opportunities for everyone from the “Mom and Pop” whose dream is working together, to the multi-unit operator whose goal is several stores with a dedicated staff and management team.
The number of employees in your store will vary depending upon your location and season. An average store consists of one full-time employee and two to four part-time employees in addition to you.
Typically, franchisees will finance approximately 70% to 80% of the total cost of opening a store. Fuzziwig’s Candy Factory, Inc. does not provide financing. We will, however, help you prepare a business plan and loan application. Financing of the project is usually through a local bank and often as an SBA guaranteed loan.
Fuzziwig’s Candy Factory, Inc. requires a franchise candidate to have a net worth of $400,000 and liquid assets of $75,000. This ensures that you have the needed capital for start-up and is consistent with what most banks require to finance a loan for store build-out.