Do I need specialized medical training or
similar experience to open a Good Feet Store?
No. Good Feet is a retail service franchise that requires management,
service and personnel development skills and experience. We are not a
medical business. Our comprehensive training (READ MORE)
program and franchise support center will give you the knowledge, assistance, tools and confidence you need to successfully open and operate your Good Feet Store.
Do you provide training? If so, is training mandatory?
Yes. Good Feet provides a comprehensive training program at its Franchise
Support Center in Northern San Diego County. Attendance at this training
prior to opening your location is (READ MORE)
mandatory. After completing the initial training, you will continue with the Good Feet Gold Star training program, a four-month management course that will ensure success in your stores. You will attend training 2 days each month for three months, with homework and follow up calls in between. The training is extensive and provides you with a tremendous foundation on which to build your success. Additionally, Good Feet offers an on-line certification program for your sales staff. After successfully completing the on-line training, your staff will become Good Feet Certified Arch Support Fitters. Initial franchisee training is included for two people as part of your franchise fee.
Do I have to personally manage my franchise or can I put it
on "auto pilot?"
Good Feet franchisees should plan to be very involved in their businesses
on a day-to-day basis. Unlike some franchise models, Good Feet Stores are very service oriented and part (READ MORE)
of the success of your store comes from the relationships and reputation you build in your community. Many Good Feet owners start by working daily in their first store then build a management team as they grow. Those owners go from working “in the business” to working “on the business.”
What type of return can I expect on my investment?
Good Feet encourages you to conduct significant due diligence during your
discovery process and contact our existing franchisees with questions
about marketing, finances, product (READ MORE)
margins, sales volumes, operations, etc. The amount of profit or loss is dependent on a number of factors, including your ability to manage the business, drive sales and control operating costs.
Does Good Feet select the site where my Good Feet Store
will be located?
No. While we define the territory and provide you demographic
information and guidelines on commonalities in our locations, you select
your own site. However, we can provide (READ MORE)
tools to help you to negotiate your lease once you’ve identified the location where you would like to operate your store.
What does the franchise agreement look like?
Once you complete and submit our franchise application, we will send you
our Franchise Disclosure Document. Commonly referred to as the FDD, this
document provides full and complete (READ MORE)
disclosure information about the company, our systems, requirements and structure. The document also includes a sample of the franchise agreement you would enter into. We advise you to take this information to your advisors (CPAs, attorney, business consultants) during your due diligence process to assist you in making the most informed choice possible.
What kind of support can I expect from Good Feet as I am
opening my store?
Good Feet's franchise support center can assist you every step of the way,
from choosing a territory and signing your franchise agreement to training
and opening. You'll work closely with our field (READ MORE)
services department on your lease negotiation, store build out and décor, signage requirements, initial inventory purchase and merchandising, POS system assistance, media negotiation, vendor relations and training.
What kind of franchisee support services does Good Feet offer?
Good Feet's support is exceptional and extensive! Franchisees benefit from Good Feet's Gold Star training program, including operations and training manuals, sales training DVDs, on-line (READ MORE)
training certification programs, money saving exclusive vendor relationships, private website with message board, advertising materials, marketing and promotional calendars, media products like TV and radio commercials, infomercials, print ads, press releases, and more. You’ll also have the tremendous advantage of having Emmitt Smith as your celebrity spokesperson! Enjoy frequent and on-going communication with your support staff through quarterly teleconferences, newsletters, in-person regional meetings, franchisee Advisory Council teleconferences and an annual franchisee convention!
Q.What is your franchise fee?
The one-time franchise fee for your first Good Feet franchise is $25,000. We offer incentives off the franchise fee for candidates interested in multiple development opportunities.
What are the financial requirements to be considered for a franchise?
Candidates must show financial viability early in the approval process. A$50K liquid cash liquidity with the ability to secure capital necessary to open and operate each location. (READ MORE)
Startup costs vary based on the size and location of your new Good Feet store. Total initial investment is between $77,800 to $193,650, including franchise fee, equipment, supplies, initial inventory and working capital. See our Franchise Disclosure Document for full details.
Do you offer discounts to military veterans?
Yes. We are a proud member of the International Franchise Association’s VetFran program. For qualified veterans, we offer a 25% discount on the initial franchise fee and initial product orders.
Do you provide financing?
While Good Feet does not currently provide financing, we can assist you in matching you with a lender.
What is your ongoing monthly royalty fee?
Good Feet has a flat subscription fee of only $350 a month.
Do you provide a protected territory?
Yes. Our territories were developed to make sure there is proper penetration not saturation. Franchisees are given the exclusive opportunity to develop a pre-defined geographical(READ MORE)
area without having to share a customer base or media outlet with another Good Feet Store.