Financial Information
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For more information please click on a question below.
WHAT ARE THE FINANCIAL REQUIREMENTS?
DOES THE ATHLETE'S FOOT® PROVIDE FINANCING?
WHAT ARE THE FEES?
WHAT IS THE MARKETING SUPPORT FUND?
WHAT ARE THE NEXT STEPS AND TIMEFRAMES?
WHAT ARE THE FINANCIAL REQUIREMENTS?
Within the United States: We look for prospective franchisees with liquid assets of at least US $80,000 and net worth over
US $200,000. Liquid assets can be cash or assets easily convertible into cash. In the United States total project costs to
open and operate a single store can be between US $196,000 and US $446,000, excluding rent, depending upon size of store and
location. This amount will vary depending upon what type of venue you choose for your location, i.e. mall or strip center.
The amount will be substantially more if you are considering more than one store, such as an area development agreement.
Outside the United States: For single stores we look for franchisees with liquid assets of at least US $80,000 and net worth over
US $200,000. For area development agreements and master franchise agreements we require substantially more capital and the amounts
will vary based upon the number of stores involved in the agreement. Total project cost will also vary from country to country
based upon labor, real estate, construction costs and other local differences.
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DOES THE ATHLETE'S FOOT® PROVIDE FINANCING?
The Athlete's Foot® does not provide financing or derive profits from outside lenders. The company can assist with finding
appropriate lenders for individual financing needs.
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WHAT ARE THE FEES?
Single and subsequent single store agreements in the United States: The initial fee for a single store in the US is US $39,900.
The initial fee for additional stores is discounted to US $27,930 to provide incentives for existing franchisees to grow. The
monthly royalty is five percent (5%) of net sales, which is paid monthly. In addition, one percent (1%) of net sales is
contributed to the Marketing Support Fund on a monthly basis.
(see below)
Area Development agreement within or outside the United States: This agreement provides incentives (reduced initial fees and
ongoing royalties) for franchisees that commit to opening and operating multiple stores. The initial area development fee,
the amount of monthly royalty and the possibility of participating in the Marketing Support Fund vary depending upon territory
size and whether the territory is domestic or international.
Master Franchise agreement: A master franchisee can open and operate multiple stores with the additional possibility of
sub-franchising within a defined territory. The territory is typically a state, a single country or group of neighboring
countries and the one time "country fee" or "master fee" is based upon the potential store development within the territory.
The amount of monthly royalty and the possibility of participating in the Marketing Support Fund varies.
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WHAT IS THE MARKETING SUPPORT FUND?
This fund provides franchisees with professional visual merchandising and local marketing materials. Fees contributed to the
Marketing Support Fund are paid monthly and are currently one percent (1%) of net sales.
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WHAT ARE THE NEXT STEPS AND TIMEFRAMES FOR THE PROCESS OF BUYING THE FRANCHISE?
Once the application is submitted and approved, we can sometimes complete the steps leading to the signature of a US based
franchise agreement within 30 days depending upon how quickly a prospective franchisee proceeds. However, it may take longer.
The steps involved include credit checks, forming a corporate entity, etc. After signing a franchise agreement, securing a
lease and initiating building plans and permits, a store can be ready for grand opening approximately ten weeks after
permitting is finalized. Again, it may take longer with real estate being the most common delay. Our goal is to help you
open your store in a timely fashion, but with the correct preparation so you launch your business with a solid foundation.
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1412 Oakbrook Drive, Suite 100