Your Investment
To become a successful franchisee you need to commit to a development plan comprising of:
- All stores being a minimum of 500sqm net.
- A Business Plan detailing the potential number of stores in your market within 5 year period.
- An entry fee based on the size of the market.
- Design fees.
- A Royalty fee of net sales.
- Sufficient Capital to support the above requirements.
Here is an estimated breakdown of the store set up costs:
| STORE | |
| Shopfit and equipment | £150/sqm |
| Floor tiles and lighting | £70/sqm |
| VM elements | £30/sqm |
| Building works | Dependant on local costs |
| PRODUCT | |
| TBC | |
| OTHER | |
| Entry fee | Varies by market dependant on several factors |
| Training costs | Induction funded by New Look, but subsequent training £5kpp |
| Design fee | £5k per store |
| RATIOS | |
| Local advertising | Minimum 2% of sales |
| Supply and payment terms | 60 days FCA, with SBLC to cover total debt at any one time |
