Franchimp Summary Rating
Higher than 89% of peers
Lower than 0% of peers
Franchise Summary
Description
The franchisee will operate up to six retail outlets ("Flower Tent Businesses") that offer quality fresh flowers, plants, and related items for sale to the general public at a fair price.
Company Background
The Flower Tent is a franchise opportunity that offers the chance to own and operate your own flower shop. The business has been around for over 20 years, first opening in Canada and having since expanded across North America. Flower Tent Franchisees will be able to offer their customers quality fresh flowers, plants, and related items at a fair price with no contracts or hidden fees.
Franchise Opportunity
Buying fresh flowers can be a hassle. You have to go to the store, find a parking spot, and then search through the racks for something that catches your eye. Not only is it difficult to find quality fresh flowers, but they can also be expensive. If you're looking for a discount, you're likely going to end up with wilted flowers that won't last long. FLOWER TENT offers an easy solution to this problem. Our franchisee will operate up to six retail outlets that offer quality fresh flowers, plants, and related items for sale to the general public at a fair price. We believe that everyone should have access to beautiful fresh flowers, so we offer discounts on our products every day.
Corporate Structure
Flower Tent USA, Inc. is a Pennsylvania Corporation formed on June 1, 2008. Their principal business address is P.O. Box 1675, Kingston, Pennsylvania 18704 (physical address: 12 Apollo Drive, West Wyoming, PA 18644). They have been offering Flower Tent franchises since February 2009.
Investment and Franchisee Fees
The total investment necessary to begin operation of your first Flower Tent Business ranges from $62,100 to $89,600. This includes $49,500 that must be paid to Flower Tent USA, Inc. The total investment necessary to begin operation of your second through sixth additional Flower Tent Business ranges from $12,450 to $39,100. This includes $0 that must be paid to Flower Tent USA, Inc.
Royalties and Marketing Fees
Royalties : 6% of the first $100,000 in annual Gross Sales 5% of annual Gross Sales in excess of $100,000
Royalties : 2% of Gross Sales
Royalties : 1% of Gross Sales
Franchisee Attrition
This franchise's rate of attrition in 2016
of 21.88%
was
Slightly Higher
than the 18% in the Specialty Retail 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
Employee Contact Database
| # | Name | Position | Phone Number | Email Address |
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Distribution of Flower Tent Franchisees
Flower Tent Franchise System Development in 2018
FAQ
How much investment do I need to start my own Flower Tent business?
Franchisees typically require at least $47,500 to $82,000 investment to get their Flower Tent business started
What are the initial franchise fees for Flower Tent?
Franchisees typically need to pay at least $29,900 in fees directly to Flower Tent in order to earn the right to launch their business
How much money can I make with a Flower Tent franchise? What are
the average revenues for a typical Flower Tent business?
We haven’t done the math on how much revenue a typical
Flower Tent brings in each year. We estimate that other
franchisees in the Retail industry generate
$1,203,797 revenue, so we would expect
Flower Tent to generate a similar amount
How long do I need to commit to running a Flower Tent unit? What
is my contractual commitment?
Flower Tent franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$5,950 to $16,153
which is
Much Lower
than the $0 to $0 average in the Specialty Retail 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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