3/10

Franchimp Summary Rating

4 /10
Higher than 66% of peers

Franchise Summary

Description
Miniso is a global retail brand founded in 2013 that offers affordable lifestyle products with a focus on modern design and accessibility, appealing to a diverse consumer base. Known for its minimalist aesthetic and frequent inventory updates, Miniso has rapidly expanded worldwide, collaborating with various brands to enhance its market presence.
Company Background
Miniso is a retail store that sells stylish, affordable consumer products in the areas of home, beauty, electronics, fashion, stationery and more under the MINISO brand. The company offers a unique shopping experience with its wide variety of products at competitive prices.
Franchise Opportunity
We all know that the United States is a huge market for consumer products, but it's also incredibly difficult to penetrate this market. Miniso has already opened more than 1,000 stores in China and Japan. These markets are very similar to the U.S., so we're confident that our retail store will be successful here as well. The reason why we've decided to open our first U.S.-based store in New York City is because of its high population density and fast-paced lifestyle which makes it ideal for shopping on-the-go purchases such as ours. Plus, NYC is one of the most diverse cities in America with nearly every ethnicity represented among its 8 million residents! We believe this diversity will allow us reach many different types of customers who can relate to our affordable yet stylish product lineups across various categories including home goods, clothing accessories, beauty tools/products and stationery supplies like notebooks/pens/etc
Corporate Structure
We are a California limited liability company formed on February 15, 2018 for the purpose of offering Miniso franchises for investment in the United States, and we do business under the name “MINISO.” We do not do business under any other name. We maintain our principal business address at 200 S. Los Robles Avenue, Suite 200, in Pasadena, California 91101. Our agent for service of process is John Welsh, 444 South Flower Street, Suite 2400, Los Angeles, CA 90071. Our other agents for services of process in various states are listed on Attachment B to this Disclosure Document. We were formed for the purpose of offering and selling the Miniso franchise in the United States and servicing, supporting and administering the Miniso franchise in the United States. We do not currently engage the services of any franchise brokers and have never offered franchises in any other line of business.

Earnings Transparency

1 /10
This Franchise discloses much less 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

Franchise Types Available

# Type Investment Fees

Miniso Franchise System Development in 2022

FAQ

How much investment do I need to start my own Miniso business?
Franchisees typically require at least $320 to $467 investment to get their Miniso business started
What are the initial franchise fees for Miniso?
Franchisees typically need to pay at least $283 in fees directly to Miniso in order to earn the right to launch their business
How much money can I make with a Miniso franchise? What are the average revenues for a typical Miniso business?
We haven’t done the math on how much revenue a typical Miniso brings in each year. We estimate that other franchisees in the Retail industry generate $1,203,797 revenue, so we would expect Miniso to generate a similar amount
How long do I need to commit to running a Miniso unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

4 /10
The Franchisor's investment costs ranges from $320,800 to $467,500 which is Much Higher 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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