Investment Info
Estimated Start-Up Costs and Application
The first step in getting started with Good Feet is to select a market area where you would like to operate your Good Feet Store(s). Depending on the size of the market area, Good Feet may ask that you agree to open multiple locations over a defined period of time. Good Feet’s initial franchise fee is $20,000 for your first store, and $10,000 for each store you open thereafter in your existing territory. The on-going monthly royalty fees are a 2% management fee and a 3% advertising fund fee (total combined monthly royalty is 5% of gross sales).
Initial investment: |
$20,000+ |
Store décor items: |
$4,000-$6,700 |
Furnishings/equipment: |
$4,000-$7,500 |
Leasehold improvements: |
$6,950-$40,000 |
Information System: |
$3,100-$7,800 |
Initial inventory: |
$15,000-$30,000 |
Rent and Security Deposit: |
$5,000-$11,000 |
Insurance/bonds: |
$1,000-$1,500 |
Advertising Materials: |
$5,800-$24,250 |
Travel costs while training: |
$900-$1,800 |
Miscellaneous Expenses: |
$1,000-$1,500 |
Grand Opening funds: |
$10,000-$50,000 |
Additional operating funds: |
$15,000-$50,000 |
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Total estimated start up range: |
$91,750-$252,050 |
This estimate does not take into account any real estate purchase. |
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Good Feet is an SBA approved franchise and is listed in the Franchise Registry at www.franchiseregistry.com. This means faster review and processing of your SBA loan application!
Finance Opportunities
Good Feet works with numerous franchise financing companies with an array of options for financing your franchise. Here’s a list of companies we can refer you to:
Business Resource Store (www.businessresourcestore.com): The Business Resource Store is offering potential Good Feet franchisees financing of up to 80% of the project cost, with up to $45k in operating capital. They offer loans for up to 10 years, as well as lines of credit, real estate loans and leases. You can also look to the Business Resource Store for assistance in creating business plans, financial projections, and more.
Benetrends (www.benetrends.com): Benetrends offers “The Rainmaker Plan” franchise financing based on a potential franchisee’s retirement funds; accessing those funds without penalty or taxes! Log on to the website to learn more!
Franchise Finance (www.franchise-finance.com): Franchise Finance originates loans & leases for the franchise industry, including startups, multiple owners, re-sales, remodels, or franchisor corporate stores. Items financed may include franchise fees, equipment, leaseholds and signs. Terms of 5 to 7 years with balloons are available. Depending on your loan amount, no extra collateral is required, the actual assets secure the financing.
Emerald Commercial Finance, Inc. (www.emeraldcommercialfinance.com): Emerald can finance up to 90% of your project cost. They offer minimal closing costs as well as fixed rates for up to 7 years. They even offer an optional interest only payment for your first seven months in business.
Guidant (www.guidantfinancial.com): Guidant’s “Audeo” program has been developed over the years by a team of attorneys who specialize in tax and ERISA law, and professionals in the field of business and finance. The “Audeo” program was built to enable small, private companies to utilize retirement funds as a source of business capital.
*This information in no way is intended as a guarantee of financing or an endorsement of any particular financing organization. It is intended for informational purposes only.
Good Feet Franchise Application
The first step to Good Feet franchise ownership is to complete the application below and submit it to Good Feet for review and approval. Be sure to specify where you would like to open a Good Feet Store!
Download franchise application here.