Bricks & Minifigs

Professional Services Child-Related

Franchise Summary

Description

The Franchise offered is for the operation of a retail store that buys and sells new and used LEGO building bricks, mini figures and accessories to the general public under the name "Bricks and Minifigs

Company Background

Bricks and Minifigs is a retail store that buys and sells new and used LEGO(R) building bricks, mini figures, and accessories to the general public. We offer our customers a fun way to rediscover their childhood by providing a wide selection of products in one location. Our mission is to provide an experience for both children and adults that will be memorable while being educational. Founded in November 2016 by Alex Avila, Bricks and Minifigs has been growing rapidly with three stores located throughout California: San Diego County (San Marcos), Santa Clara County (Gilroy) & Orange County (Irvine).

Franchise Opportunity

It can be hard to find the perfect LEGO set for your child, and even harder to find a good deal on it. Not only is it hard to find the right LEGO set, but it's also hard to find a good deal on it. Retailers often charge inflated prices for LEGO sets, which can end up costing you a lot of money. Bricks and Minifigs offers a better way. We buy and sell new and used LEGO sets at discounted prices, so you can get the perfect set for your child without breaking the bank.

Corporate Structure

BAM Franchising, Inc. is an Oregon Corporation, incorporated on April 29, 2011. Their principal business address is 225 West 520 North, Orem, UT 84057. They have offered franchises for this business since 2011.

Royalties and Marketing Fees

Royalties : 6% of monthly Revenues or a flat $300- $500 per calendar month (whichever is greater) starting on the opening date of your Business.

Royalties : You must spend at least $5,000 for Grand Opening Marketing.

Royalties : 4% of your monthly Revenues

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. Child-Related Industry

$310,769 / unit

Franchise Type: Standard

Average Revenue During 2020

$310,769

$47,217
Industry Low

$1,498,465
Industry High

Franchisee Attrition

1 /10

This franchise's rate of attrition in 2020 of 27.03% was Much Higher than the 6% in the Child-Related industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system

What's Included in franchise attrition?

We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

#	Type	Investment	Fees

Employee Contact Database

#	Name	Position	Phone Number	Email Address

Distribution of Bricks & Minifigs Franchisees

Bricks & Minifigs Franchise System Development in 2021

FAQ

How much investment do I need to start my own Bricks & Minifigs business?

Franchisees typically require at least $147 to $304 investment to get their Bricks & Minifigs business started

What are the initial franchise fees for Bricks & Minifigs?

Franchisees typically need to pay at least $40 in fees directly to Bricks & Minifigs in order to earn the right to launch their business

How much money can I make with a Bricks & Minifigs franchise? What are the average revenues for a typical Bricks & Minifigs business?

We estimate that the average revenue of an individual Bricks & Minifigs unit is approximately $310,769. We based this on Item 19 in franchise disclosure document

How long do I need to commit to running a Bricks & Minifigs unit? What is my contractual commitment?

Bricks & Minifigs franchisees are typically required to sign up to a 5 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

5 /10

The Franchisor's investment costs ranges from $147,500 to $304,100 which is Much Higher than the $0 to $0 average in the Child-Related 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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