Wise Coatings specializes in custom floor coatings and garage storage solutions for residential and commercial customers. The franchise enhances spaces by providing high-quality coatings and organizing solutions for garages and floors.
Key Insights
- Wise Coatings emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Ordering systems integrate user-friendly technology with personalized customer service to create efficient, enjoyable dining experiences that accommodate busy schedules while providing opportunities for menu education and customization based on individual preferences and dietary needs.
- Generational changes in consumer behavior drive innovation in service delivery and customer engagement methods, requiring businesses to adapt communication and service approaches while maintaining the quality and reliability that build long-term customer relationships.
Franchise Fee and Costs to Open
Exploring the financial picture of Wise Coatings 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 $102,957 - $122,007, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Yearly gross sales of $498,595 and estimated earnings of $59,832 - $74,790 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 2.2-4.2 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
TKK Fried Chicken provides comprehensive training to new franchisees. Initial training is offered over a period of three weeks, conducted at the franchisor's designated training facility. This program covers essential operational aspects. TKK Fried Chicken also offers a robust set of resources, including operational manuals and marketing materials, to support franchisees.
Legal Considerations
Legal considerations for a Wise Coatings 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 TKK Fried Chicken franchise presents several considerations. Local market competition may require a strong understanding of consumer preferences and effective differentiation. Maintaining consistent product quality and operational efficiency demands careful management of kitchen processes and staff training. Furthermore, reliance on a specific supply chain for key ingredients necessitates robust relationships with suppliers to ensure availability and cost stability.
Franchise Datasheet
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