The franchisee will engage in the retail sales of hobby, toy, entertainment, educational, collectible and gift merchandise to the public
Company Background
HobbyTown is the world's largest chain of hobby stores. We offer a huge selection of products, including RC cars and accessories, remote control helicopters and quadcopters, diecast models, slot car sets, puzzles, games and more! With over 140 locations in North America (and one in Bahrain), HobbyTown offers an unparalleled shopping experience for all your hobby needs. Come visit us today to find out why we're "more than just toys!"
Franchise Opportunity
HobbyTown is a family-owned and operated retail toy store chain with over 100 locations in the United States. We are looking to expand our presence by bringing on more franchisees. If you're an entrepreneur who enjoys working with people, making money, and having fun doing it, then this might be the perfect opportunity for you! The company has been around since 1970 when we opened our first location in Lincolnwood, Illinois. Since then we have grown into a nationwide brand that now boasts over 100 stores across the country. Our goal is to continue growing as large as possible by adding new franchises every year or so. This means there will always be plenty of opportunities for expansion if you choose to join us!
Corporate Structure
Hobby Town Unlimited, Inc. is a Nebraska corporation formed in 1985 by Merlin P. Hayes and Thomas A. Walla. Mr. Hayes and Mr. Walla owned 100% of the Company from 1985 to 1998. In February 1998, Mr. Hayes and Mr. Walla sold approximately 45% of the Company to eight employees, and since then, additional employees have purchased stock. The Company’s principal place of business is 1133 Libra Drive, Lincoln, Nebraska 68512. The Company was formed for the purpose of selling franchises and began offering franchises in September 1985.
Earnings Transparency
7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Retail Stores Industry
$1,628,302 / unit
Franchise Type: Standard
Average Revenue During 2021
Franchise Types Available
#
Type
Investment
Fees
Distribution of HobbyTown Franchisees
HobbyTown Franchise System Development in 2021
FAQ
How much investment do I need to start my own HobbyTown business?
Franchisees typically require at least $340 to $610 investment to get their HobbyTown business started
What are the initial franchise fees for HobbyTown?
Franchisees typically need to pay at least $281 in fees directly to HobbyTown in order to earn the right to launch their business
How much money can I make with a HobbyTown franchise? What are
the average revenues for a typical HobbyTown business?
We estimate that the average revenue of an individual
HobbyTown unit is approximately
$1,628,302. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a HobbyTown unit? What
is my contractual commitment?
HobbyTown franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
2 /10
The Franchisor's investment costs ranges from
$340,000 to $610,000
which is
Much Higher
than the $0 to $0 average in the Retail Stores industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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