You have questions? We have answers.
Below are answers to frequently asked questions about owning a Real Deals franchise.
The franchise fee is currently $30,000.
The franchise fee provides not only specific hardware and propriety software, but also extensive pre-opening training for our franchisees in buying, merchandising, inventory management, and customer service. Our training and products are paired with Real Deals relationships that aren’t found anywhere else. You’ll benefit from the strongest vendor network with outstanding buying power, branding and marketing development for your location, and support of fellow Real Deals franchisees and corporate team.
$147,00 is an average minimum amount that seems to be adequate to get a store open. This amount includes the franchise fee, inventory, initial advertising, remodel, signage, shelving, props and other miscellaneous items. This amount may vary based on store/showroom size, extensive renovations, and/or rent/lease demands. Download our Franchise Info Booklet to review the investment breakdown.
The Franchise Disclosure Document (FDD), required by the Federal Trade commission, provides prospective franchisees with information about the franchisor, the Real Deals franchise system and the agreements that will be required so that you have the information you need to make an informed decision.
Currently it is 5% of gross sales
Yes, 1.5% national advertising royalty is paid per month
As outlined in the Real Deals ®, Inc. FDD, it is currently paid weekly by automatic bank sweeps.
A minimum of three months, during which you will be attending training in Twin Falls. The time frame varies based on circumstances & location.
We are Small Business Association (SBA) approved
Your territory will be left to the discretion of the Franchisor, but is typically defined within a certain mile radius of your location.
It varies by location and market as well as franchise management. As in any business we cannot predict earnings or profitability.
The store location is not a typical site selection. Please see the FDD for complete details.
Typically payment via credit card however application for Net30 terms may be available after 3 months and will be OAC. This depends on your credit and each manufacturer.
Franpos system and software along with QuickBooks software
This varies by vendor, but if it is in stock, the product typically arrives in 10-14 days
Timeline
Below is a typical timeline of phases required to own a Real Deals franchise.
“I love this place and they are so accommodating. You just feel like family.
It is a great place with great deals and amazing prices.”
– Krista V., Colorado Springs, CO
Is Real Deals for You?
We understand that it’s a big decision to own your own business. Our shoppe owners come from a multitude of backgrounds that have shaped them to become successful in the retail industry, and no two owners are alike!