Mode
At a Glance
Products & Services: Designer apparel & accessories outlet
Number of Locations: 5
Total Investment: $108K - 139K
Founded: 2007
Began Franchising: 2009
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2012 | 4 | 0 | 0 | 1 |
| 2011 | 2 | 0 | 0 | 2 |
| 2010 | 0 | 0 | 0 | 2 |
| 2009 | 0 | 0 | 0 | 2 |
| 2008 | N/A | N/A | N/A | 1 |
Startup Costs, Ongoing Fees and Financing
Total Investment: $108,000 - $139,000
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $75,000
Operations
Number of employees needed to run franchised unit: 3 - 4. Absentee ownership of franchise is NOT allowed. (50% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 70 hours. At franchisee's location: 35 hours.
Ongoing Support: Newsletter, Grand opening, Field operations/evaluations,
Marketing Support: Ad slicks,
Other marketing support: E-mail, social networking
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