General

Industry

Retail Products and Services

Category

Specialized

SBA Identifier

Year of Founding

1974

Fees

Marketing Fee

3%

Royalty Fee

6%

Franchise Fee

$30,000-$30,000

Investment Range

$259K-$640K

Location units

Total U.S. Locations

28

U.S. Franchised Units

28

U.S. Corporate Units

0

Headquarters (City)

Carle Place

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

1974

Issuance of FDD Data

10/11/2019

What to know about Conroy franchise?

Conroy's, Inc offers franchises for retail flower shops that offer flowers, plants, fresh fruit products, including fresh cut fruit bouquets and related products, cookies, candy, gift items, novelty items and related products and services to the general public We offer the rights for 2 different franchises m this Disclosure Document

Conroy is based in Carle Place, NY. Scroll down to learn more!

How much does a Conroy franchise cost?

Are you wondering how much is a Conroy franchise? Before starting a Conroy franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Conroy franchise is $258,500 and can go all the way up to $639,750. Keep in mind, you should also allocate additional funds to live off of while the Conroy business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Conroy franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Conroy business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Conroy franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Take Our Quiz

Industry Report Request

Download our guide to compare Conroy. Hotels to the Specialized, Outdoor Retail Products and Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2017 34 0 3 31
2018 31 0 3 28

Additional Details

How much does a Conroy franchise owner make?

Conroy franchise earnings and revenue can vary significantly from one franchisee to another.
The Conroy franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Conroy unfortunately does not disclose financials on how much Conroy franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Conroy does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Conroy franchisees. Do note that Conroy is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Conroy franchisees to understand how much money they are making from their Conroy business.

You should also speak to former Conroy franchisees to understand why they left the system. Did they sell their Conroy at a profit? Were they forced to close their Conroy franchise down because it kept losing money?

What is the Conroy franchise fee?

Owning a Conroy franchise requires 6% royalty fee and 3% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Conroy Franchise Disclosure Document

Keep in mind, there is also an initial Conroy franchise fee of $30,000 that is included in the initial investment amount of $258,500 to $639,750. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Conroy franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Conroy franchise fee of $30,000.

Visit the Conroy metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Conroy founded?

Conroy started offering franchises in 1974. Conroy was founded 48 years ago in 1974.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Conroy locations are in the U.S.?

As of 2019, there were 28 locations across the U.S. There are also 0 corporate locations. Most Retail Products and Services franchises like Conroy have more franchised locations than corporate locations.

How many Conroy franchises opened over the past few years?

Over the prior 3 years we have data for, Conroy has opened 0 outlets throughout the U.S. Visit the Conroy metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Conroy franchises closed over the past few years?

Over the prior 3 years we have data for, Conroy has closed 6 outlets throughout the U.S

Visit the Conroy metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is Conroy growing? Are they opening more locations than they are closing?

The net unit growth rate for Conroy over the past 3 years is 0%. Over the last year we have data for, Conroy had a net unit growth rate of -10%.

Without a comparison, this number doesn’t mean much. Compare how the Conroy growth rate compares to 2,000+ other franchises and Industry franchises like Conroy. More info in the Conroy metrics tab.

Is Conroy franchise eligible for an SBA Loan?

Conroy is not eligible for SBA loans including the 7(a) loan last time we checked.

Conroy franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Conroy that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Conroy a franchise in the United States?

According to the SBA, Conroy does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Conroy provides you with an FDD if you are in discussion to buy a Conroy

What is the Conroy Franchise for Sale Rate?

The Conroy systemwide health and franchisee satisfaction can be measured by the Conroyfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Conroy franchise for sale rate over the past 3 years is 11%. Over the last year we have data for, Conroy had a franchise for sale rate of 4%.

Without a comparison, this number doesn’t mean much. Compare how the Conroy franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Conroy. More info in the Conroy metrics tab.

What is the Conroy Franchise Failure Rate?

Conroy franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Conroy failure rate over the past 3 years is 21%. Over the last year we have data for, Conroy had a franchise failure rate of 11%.

Without a comparison, this number doesn’t mean much. Compare how the Conroy franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Conroy. More info in the Conroy metrics tab.

How can I find out more details on Conroy franchise?

Visit the Conroy metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Conroy

$449,125

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Conroy

6%

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Conroy

$30,000

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock premium content

Franchise Disclosure Document

General

Industry

Retail Products and Services

Category

Specialized

SBA Identifier

Year of Founding

1974

Fees

Marketing Fee

3%

Royalty Fee

6%

Franchise Fee

$30,000-$30,000

Investment Range

$259K-$640K

Location units

Total U.S. Locations

28

U.S. Franchised Units

28

U.S. Corporate Units

0

Headquarters (City)

Carle Place

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

1974

Issuance of FDD Data

10/11/2019

Detailed Franchise metrics for Conroy

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Conroy below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Conroy

0%

0%

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Conroy

NA

11%

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Conroy

NA

21%

Industry median

All franchises median

Unlock premium content

Business details

Company Name

www.1800conroys.com

Business email

**********@******.com

Mailing address

One Old Country Road, Fifth Floor

State headquarters

New York

Owner Name

Conroy

Phone

+1 (000) 0********00

City

Carle Place

Zip code

11514
You May Also Be Interested In
View More >
Retail Products and Services
Circle K
Investment range
$189K-$1.93M
Founding year
1995
Total U.S. Units
5911
Learn More
Retail Products and Services
Health Mart
Investment range
$251K-$674K
Founding year
-
Total U.S. Units
5044
Learn More
Retail Products and Services
Ace Hardware
Investment range
$292K-$1.62M
Founding year
1976
Total U.S. Units
4751
Learn More
Retail Products and Services
Snap-on Tools
Investment range
$175K-$412K
Founding year
1990
Total U.S. Units
3428
Learn More

Your Suscription has expired!

Looks like your subscription is due. Please renew to keep using our services.

Filters

Year




Name

Share link

Or

Filters

Business Name

Industry

Investment amount




Downgrade subscription

You are going to downgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback.

Vetted Member $79/month

Simple Start Free

Upgrade subscription

You are going to upgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback.

Simple Start Free

Vetted Member $79/month

Cancel subscription

You’re about to cancel your subscription. Please confirm by clicking on the “Cancel Subscription” button below.

Performing this action will delete your account.

Plan Updated

Your current subscription plan is:

Vetted Member $79/month

Support Form

Please fill out the form below with any technical issues, questions or feedback you might have.