Hannoush Jewelers
At a Glance
Products & Services: Jewelry stores
Number of Locations:
Total Investment: $291K - 717K
Founded: 1980
Began Franchising: 1995
Startup Costs, Ongoing Fees and Financing
Total Investment: $291,000 - $717,000
Franchise Fee: $20,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $20,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $100,000
Operations
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is allowed. (100% 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: 2 weeks. At franchisee's location: 3 months (as needed).
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations,
Marketing Support: Co-op advertising,