Real Deals is a home décor and fashion boutique offering furniture, accessories, clothing, jewelry, and food items. The franchise provides a curated shopping experience across multiple North American locations.
Key Insights
- Real Deals began as a family-run operation, evolving over time to establish a strong presence in the discount retail sector, offering a broad range of merchandise.
- The business model focuses on sourcing a diverse inventory from various suppliers, creating an ever-changing selection of goods for customers seeking value and novelty.
- Operating within the dynamic discount retail industry, Real Deals caters to consumers looking for affordable everyday items and unique finds.
Franchise Fee and Costs to Open
Exploring the financial picture of Real Deals gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $142,850 - $268,400, along with a franchise fee of $30,000 - $30,000.
Financial Performance and Revenue
Yearly gross sales of $337,007 and estimated earnings of $33,701 - $40,441 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 6.0-8.0 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Real Deals provides new franchisees with comprehensive initial training. This program offers extensive operational guidance and business development insights. The initial training spans two weeks and is conducted at Real Deals headquarters. Real Deals also offers ongoing support and resources to facilitate a successful launch and sustained growth.
Legal Considerations
Legal considerations for a Real Deals franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Real Deals franchise presents opportunities alongside considerations. Local market dynamics, including existing competitors offering similar value propositions, warrant attention. The operational complexity inherent in managing inventory and diverse product lines requires diligent execution. Furthermore, maintaining consistent product availability necessitates a robust understanding of and reliance on specific supply chains.
Franchise Datasheet
FAQs
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