10/10

Franchimp Summary Rating

10 /10
Lower than 0% of peers

Franchise Summary

Company Background
Countrywide Gold Buyers is the leading gold buying franchise, with over 275 stores in North America. The company has been around since 1979 and is now one of the fastest-growing businesses in franchising history. Countrywide Gold Buyers provides an easy way for customers to sell their jewelry quickly, without having to go through a long process or spend time at pawn shops or other second-hand retailers. The company specializes in buying precious metals like gold, silver, platinum and palladium from its customers. We're family owned and operated - every store is independently owned by local entrepreneurs who are part of our extended network of successful business people across North America.
Franchise Opportunity
Selling jewelry and precious metals can be a difficult task, as you have to find the right customer, negotiate a price, and make sure that you're getting a fair deal. It's hard enough finding customers who want to sell their jewelry and precious metals, but it's even harder when you don't have the right tools or resources. As a Countrywide Gold Buyers Franchisee, you will have access to our resources and training materials so that you can buy jewelry and precious metal items from your customers at a retail store. You will also receive support from our team so that you can grow your business.

FAQ

How much investment do I need to start my own Countrywide Gold Buyers business?
We aren't sure how much money you will need to start a Countrywide Gold Buyers franchise. However, we can tell you that franchisees also operating in the Retail industry typically require $120,643 to $238,937 investment to start their franchise
What are the initial franchise fees for Countrywide Gold Buyers?
We don't know exactly how much the franchise fees are for Countrywide Gold Buyers, but we can tell you that other franchises in the Retail sector typically need to pay between $26,619 and $53,193 to the franchisor
How much money can I make with a Countrywide Gold Buyers franchise? What are the average revenues for a typical Countrywide Gold Buyers business?
We haven’t done the math on how much revenue a typical Countrywide Gold Buyers brings in each year. We estimate that other franchisees in the Retail industry generate $1,203,797 revenue, so we would expect Countrywide Gold Buyers to generate a similar amount
How long do I need to commit to running a Countrywide Gold Buyers unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

10 /10
The Franchisor's investment costs ranges from $10,005 to $38,076 which is Much Lower 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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