INS Market Retail Franchise (2024)
Retail Industry: INS Market Franchise Background
INS Market is a high profile retailer of modern convenience that offers a wide array of food and beverage options in demand on a daily basis in retail industry.
And their products offered make healthier and tastier options available to a clientele. That is often under time constraints and looking for grab-n-go markets
INS Market is committed to providing its customers with the value they deserve, through fast, friendly, courteous service. Also, they offer quality products in clean, well-merchandised stores, serviced by trained, well-groomed uniformed sales associates
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Retail Industry Trends
Established in 1994, INS Market has evolved with the demands of today’s consumers and today’s increasingly rapid daily pace. They are the most modern instant gratification store on the market in retail industry.
In addition, the brand is run by CEO Samuel Davis, who has received extensive media attention for the company’s continuous growth in the US and Canada. His commitment to its success over the past 25 years is reflective on the continuous increase in INS Market locations
Today they have in operation more than 200 internationally, located in a variety of fast-paced locations with high foot traffic such as malls, office complexes, colleges, hotels and hospitals.
Franchise Retail Services Industry Analysis
Franchise Strengths
- Offers high quality, in-demand products
- Operationally simple
- Heavy foot traffic increases revenue streams
- Business model allows for variation of products which caters to widespread client market
Franchise Weaknesses
- Location and site selection are quite important in dictating the success of the business
- Margins have the potential to be eroded due to changes in price of product and / or increase in labor costs
- Establishing its brand in the U.S. as it adjusts to the American market from Canada
Franchise Opportunities
- Brand awareness still has room to grow as additional units open across the US
- Huge, growing market – by 2022 global convenience stores sales are expected to reach US$4,902 billion
- Convenience retail stores in the US alone have in-store sales average at US$ 1.47 million
Franchise Threats
- Operating in a large, competitive market
- Profits can be negatively impacted due to close proximity of a similar competitor
- Potential for consumers to bring snacks and beverages from home
How Much is a INS Market Franchise?
INS Market Franchise cost ranges from $228,500 to $306,500 according to the 2019 FDD.
| Item | Estimated Amount (in USD) | When Due | To Whom Payment is to Be Made | |
|---|---|---|---|---|
| Low | High | |||
| Initial Franchise Fee | $30.000 | $30.000 | Upon signing the Franchise Agreement | Franchisor |
| Leases and Security Deposits | 20.000 | 30.000 | As Arranged | Franchisor or Affiliate |
| Turnkey Package Fee | 100.000 | 125.000 | As Arranged | Franchisor or Affiliate |
| Legal and Other Professional Fees | 15.000 | 15.000 | As Incurred | Third Party Vendors |
| Initial Inventory | 20.000 | 45.000 | As Arranged | Franchisor or Affiliate |
| Insurance | 1.000 | 1.500 | As Incurred | Insurance Company or Broker |
| Training Expenses | 3.500 | 5.000 | As Incurred | Third Party Vendors |
| Grand Opening Advertisings | 3.000 | 3.000 | Upon signing the Franchise Agreement | Fran |
| Business Licenses | 1.000 | 2.000 | As Incurred | Governmental & Professional Entities |
| Additional Funds – 3 Months | 35.000 | 50.000 | As Incurred | Varies |
| Total | $228.500 | $306.500 | ||
| Royalty | Ad-Fund |
|---|---|
| $600 | N/A |
How Much does a INS Market Franchise make?
| # of Stores | Sales Range | Median | Average | # and % of Stores Above Average | |
|---|---|---|---|---|---|
| Full-Size Stores (Predominantly in Malls) | 44 | $53,918-$937,704 | $448.540 | $439.937 | 22 or 50% |
| Kiosks in Malls | 4 | $107,673-$564,236 | $533.194 | $400.025 | 3 or 50% |
| Non-Traditional Locations | 7 | $197,918-$669,065 | $295.597 | $387.664 | 3 or 43% |
