Cork and Candles franchise fees for 2024:
Cash Investment: $60,000 - $80,000
Total Investment: $240,000 - $400,000
Minimum Net Worth: $200,000
Single Unit Franchise Fee: $40,000
Franchise Fee for Each Addtional Unit: $35,000 for 2nd, $30,000 for
3rd
Royalty: 7%
Ad Fees: 2%
Other Fees: $150/mo technology
Average Number of Employees: 4 - 12
Item 19: Yes
Visa Candidates: No
Passive Ownership: No
Semi-Passive Ownership: Yes
Specify: The business can be semi-passive for an owner who develops
a team of hourly employees who work in the store. Semi-passive and
not absentee ownership is an important distinction because the
semi-passive owner will want to keep tabs on things like large
party inquiries, responding to any guest complaints, and overseeing
payroll.
Home-Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes(10% off Franchise Fee)
No. Cork and Candles is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.
No. Cork and Candles is not a home based franchise opportunity.
Click here to find out how much Cork and Candles franchisees make. Cork and Candles offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.
No. Cork and Candles is not a master franchise opportunity.
Yes. Cork and Candles franchise does offer a veteran discount.
No. Cork and Candles franchise does not work with E2 Visa and EB-5 Visa candidates.
No. Cork and Candles franchise is not looking for Canada franchisees.
No. Cork and Candles franchise is not looking for International franchisees.
Buying a Franchise Guide: What is a Franchise Disclosure Document?
When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.
Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.