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Below is an in-depth analysis and side-by-side comparison of Jack Farley's Art Supplies vs Enduring Images including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $97,750 - $164,000 | $16,000 |
Franchise Fee | $25,000 | N/A |
Royalty Fee | 6% | - |
Advertising Fee | 4% local + 2%Nat'l | - |
Year Founded | 2012 | 2003 |
Year Franchised | 2017 | 2005 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Net worth $250,000, Cash liquidity $50,000 | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | *2-3 week training at headquarters *1 week training at franchisee location | Manual Online By Phone |
Support | - | Ongoing Support Technical Support Phone Support |
Marketing | - | - |
Operations | - | - Business can be run from home. - Business can be run part-time. - Business can be added on to an existing business. |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
The
creation of Jack Farley’s Art Supplies was inspired by business
founders James Mancini Heath and Michael Heath’s need to source art
supplies for their commissioned projects. Having no local art
supply store in their town got them thinking. "We’d travel 1-2 hours
each month to pick up and purchase our art supplies. We knew as artists
that other local artists might have a similar predicament sourcing their
supplies”, says Michael. "We didn’t know why someone else in our town
had not ventured into the local independent art supply business, but we
were not going to wait around for anyone else to do it”, explains James.
Ordering online was an option for them but waiting a few days and paying hefty delivery charges for the large canvases they needed was costly in time and in money. The idea of an art supply store was cemented. When it came time to come up with a name for the business they wanted that name to represent their commitment to the exploration of art, humanity and community.
The
name Jack Farley is of their dog, a Terrier-mix who for some time was a
regular playful pup at James and Michael’s Palm Springs, California art
studio, running in, out and between wet canvases, leaving paw prints in
his wake.
The story behind the name: James and Michael had their minds set on adopting a dog and wanting to name him Farley. Along came a rescue named Jack and so by combining the names, a star was born and the rest becomes history in the making. They opened their first Jack Farley’s Art Supplies store in 2012.