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Below is an in-depth analysis and side-by-side comparison of The Little Black Book for every busy woman vs Woody's Wood Shops including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $21,400 - $46,300 | $85,000 - $185,000 |
Franchise Fee | $12,000 - $22,000 | $22,000 |
Royalty Fee | Varies | 6% |
Advertising Fee | - | 2% |
Year Founded | 1999 | 1978 |
Year Franchised | 2003 | 1980 |
Term Of Agreement | 10 years | 15 years +15 |
Term Of Agreement | 10 years | 15 years +15 |
Renewal Fee | 50% of then-current fran. fee | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Available at headquarters: 10 days | |
Support | - | |
Marketing | - | - |
Operations | * Franchise can be run from home * 12.5% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 2 - 5 * Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Average Number of Employees: 1 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | Yes |
International Expansion | - | - |
NO LONGER FRANCHISING
WOODY'S WOOD SHOPS offer instruction and use of virtually all shop tools in a fully outfitted wood shop. After detailed instruction and testing, members have full use of shop and related facilities. Open 15 hours/day, 7 days/week. Also sell small tools and all power equipment at cost plus 5%. Members pay front-end fees plus dues.