Start-Up Costs and Fees |
||
| Hannoush Jewelers | MODE | |
| Investment | 291000 - 717000 | 171000 - 999999 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 6% |
| Advertising Fee | 1% | |
| Year Founded | 1980 | 2007 |
| Year Franchised | 1995 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hannoush Jewelers | MODE | |
| Experience | ||
Financing Options |
||
| Hannoush Jewelers | MODE | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | Yes | |
| Payroll | No | |
Training & Support |
||
| Hannoush Jewelers | MODE | |
| Training | Our franchisees first take a three phase online course after which they spend one full week in Fargo at our Store Support Center and Flagship location. We send a team of 2 to every store for a full week before they open. Once open for six weeks, we offer a Phase VI one-on-one training program with our Founder and the franchisee. | |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Hannoush Jewelers | MODE | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hannoush Jewelers | |
| MODE | |
| Franchise Fee | |
| Hannoush Jewelers | |
| MODE | |
| Royalty Fee | |
| Hannoush Jewelers | 4% |
| MODE | 6% |
| Advertising Fee | |
| Hannoush Jewelers | |
| MODE | 1% |
| Year Founded | |
| Hannoush Jewelers | 1980 |
| MODE | 2007 |
| Year Franchised | |
| Hannoush Jewelers | 1995 |
| MODE | 2011 |
| Term Of Agreement | |
| Hannoush Jewelers | 10 years |
| MODE | |
| Renewal Fee | |
| Hannoush Jewelers | |
| MODE | |
Business Experience Requirements |
|
| Experience | |
| Hannoush Jewelers | |
| MODE | |
Financing Options |
|
| Franchise Fees | |
| Hannoush Jewelers | No |
| MODE | No |
| Start-up Costs | |
| Hannoush Jewelers | |
| MODE | |
| Equipment | |
| Hannoush Jewelers} | |
| MODE | |
| Inventory | |
| Hannoush Jewelers | |
| MODE | |
| Receivables | |
| Hannoush Jewelers | |
| MODE | |
| Payroll | |
| Hannoush Jewelers | |
| MODE | |
Training & Support |
|
| Training | |
| Hannoush Jewelers | |
| MODE | Our franchisees first take a three phase online course after which they spend one full week in Fargo at our Store Support Center and Flagship location. We send a team of 2 to every store for a full week before they open. Once open for six weeks, we offer a Phase VI one-on-one training program with our Founder and the franchisee. |
| Support | |
| Hannoush Jewelers | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| MODE | |
| Marketing | |
| Hannoush Jewelers | Co-op advertising |
| MODE | |
| Operations | |
| Hannoush Jewelers | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
| MODE | |
Expansion Plans |
|
| US Expansion | |
| Hannoush Jewelers | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming, |
| MODE | |
| Canada Expansion | |
| Hannoush Jewelers | |
| MODE | |
| International Expansion | |
| Hannoush Jewelers | |
| MODE | |