Here are a few of the common questions you might have about starting a Just Between Friends Franchise
What is the franchise fee and what are the ongoing royalties?
As of April 1, 2013, the Just Between Friends franchise fee is $14,900. The royalties are between 2 and 3 percent on the gross sales, less the sales tax. Both of these amounts are much less than the average franchise fee of $35,000 and the average royalties of 6-8%.
How much capital is required to open a franchise?
As stated above, the Just Between Friends franchise fee is $14,900. In addition to the franchise fee, you will need capital for many things to get your business started. We estimate that between $15,000 and $20,000 is needed in additional capital, over and above the franchise fee.
What does the franchise system include?
Click Here for a complete listing of what is included with your franchise fee. The value will astonish you! Owning and operating a well known children's and maternity consignment event, use of the name, trademark, branding, marketing ideas, operations manual and methods, bar-coding systems, 100 square foot company banner, custom built website and design with self-guided, automated online consignor registration, volunteer scheduling, marketing tracker and corporate support as well as support from Just Between Friends owners who have seen exponential growth in their territories.
How large are the territories?
Using statistical data from a mapping company, Just Between Friends territories are decided by using several different demographic factors. In the more highly populated areas, territories are decided based upon number of families with children ages 0-10 living in the household. JBF will be generous in territory decisions and wants nothing more than to see our franchisees have great success within their territory.
Do I need to live in the territory where I hold my Just Between Friends Event?
Just Between Friends Franchise System, Inc. requires that at least one 50% owner live within 30 miles of the territory in which the event will be held. Your success depends on building a core group of customers and consignors within your territory. Being involved in your community is a huge key to your success.
How much money can I make from a Just Between Friends Event?
The Federal Trade Commission will not let us make any earnings claims to prospective franchisees. Therefore, we rely on our franchisees to supply you information on this subject and, with some effort on your part, you can put together a fairly accurate idea. Since this business is event based and only happens twice yearly, this will be supplemental income in the beginning and can easily turn into full time income + with time and growth. The opportunities, here, are determined by you and the time you put into the event.
How many hours does it take to put an event together?
On average, a typical sale takes eight to ten weeks of planning. This can be done easily, working around other activities in your life. Part of the beauty of owning a JBF sale is that you work four to five months out of the year. The larger the event gets, the more time and energy it takes, and the more money you make. Franchisees that work their business each week seem to have more success.
Do I need to have experience to own a JBF?
Yes, but not necessarily in consignment events. JBF Franchise system searches for candidates with a strong sales background, organizational skills, and computer literacy as well as a candidate who is flexible when working with the public.
What happens if I am thinking of having a business partner?
Many of our Just Between Friends franchises are owned by more than one person. If you are thinking of taking on a business partner, each 25% or more owner must go through the application process as well.
What do I need to do when I am fully prepared to own a Just Between Friends Franchise?
Click Here to fill out an application online. Only fill out an application if you are fully prepared to own a Just Between Franchise. Please give complete, honest and entire answers. We take every application seriously, and any typos, blanks, or incomplete answers will keep you from being granted an interview. Help yourself by doing the absolute best job you can. Good Luck! You will need to sign a non-compete agreement if you want further information on our business. This non-compete says that you can not take this information and start your own competing event. You will also sign a confidentiality agreement as well as a document that will allow us to do credit and background checks on you. If Just Between Friends determines and that you are a candidate, then a JBF representative will contact you to start you on the road to owning your own consignment sales event.
Want more info? Drop us an email.