- 2023 Franchise 500 Rank
#369 Ranked #473 last year
- Initial investment
$160K - $826K
- Units as of 2022
46 64.3% over 3 years
Farm Stores is a unique business that helps clients shop for groceries, baked products, restaurant-quality meals, and snacks. The stores are usually small, and their drive-thru concept offers customers fast shopping options to get fresh products and enjoy friendly service.
Fram Stores has been in operation since 1957 and began franchising in 2015. There are over 40 franchises spread throughout the United States. An ideal franchisee has previous managerial and retail experience, is willing to learn and apply the business model, and has excellent interpersonal skills.
Why You May Want to Start a Farm Stores Franchise
Farm Stores may be different from their competitors because they are a drive-thru type of convenience store. They use the best practices and 'green' technology in their business and are a verified member of the Franchise Registry.
As a Farm Stores franchisee, you will ensure that customers get fresh produce and enjoy fast and friendly customer service. This business model has been tried and tested. It has been used for decades, and improvements may be applied to appeal to customers as markets change.
Customers may love Farm Stores because they offer a convenient way to shop for healthy products. There is no crowding, pushing shopping carts, or waiting in line. The grocery shopping is brought directly to their car. While "shopping," customers can also grab hot and healthy snacks. Your community will enjoy the convenient way to shop, as well as the excellent customer service for which Farm Stores may be known.
What Might Make a Farm Stores Franchise a Good Choice?
To be part of the Farm Stores team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. Veterans may qualify to receive a discount on the initial franchise fee.
Farm Stores has partnered with third-party sources that may help franchisees cover the franchise fee, startup cost, equipment, and inventory.
How To Open a Farm Stores Franchise
To get started on the process of opening a Farm Stores franchise, fill out a request form. Once that is completed, you may have an introductory phone call with a Farm Stores representative to discuss your goals and how they align with the brand. If you're still interested in the opportunity and meet the qualifications, you may be invited to attend discovery day at company headquarters in Coconut Grove, Florida.
Before going to the Farm Stores headquarters, you may need to complete a personal profile form and review the Franchise Disclosure Document. You should also conduct your due diligence and then prepare your business plan.
Farm Stores will make a final decision, and if you are presented with the opportunity to own a Farm Stores franchise, you may sign the franchise agreement and proceed with site selection. After your grand opening, you can serve your market and grow your location.
About Farm Stores
|Related Categories||Miscellaneous Food/Beverage Businesses, Convenience Stores, Miscellaneous Retail Businesses|
|Leadership||Maurice Bared, CEO|
2937 S.W. 27th Ave., #301
Coconut Grove, FL 33133
|Social||Facebook, Twitter, LinkedIn, Instagram|
|Franchising Since||2015 (2023-2015 years)|
|# of employees at HQ||12|
This company is offering new franchisees in the following US states: Alabama, Arizona, Connecticut, Florida, Georgia, North Carolina, New Jersey, New York, Pennsylvania, Texas
|# of Units||46 (as of 2022)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Farm Stores franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$160,400 - $825,700|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|20% off first-unit franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Farm Stores has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|On-The-Job Training||18 hours|
|Classroom Training||40 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||5|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Farm Stores? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Farm Stores landed on this year's Franchise 500 Ranking versus previous years.
Curious to know where Farm Stores ranked on other franchise lists? Find out below.
Ranked #369 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #5 in Miscellaneous Food/Beverage Businesses in 2022
Our annual list of the top restaurant and other food franchises, divided up by category, is the perfect place to start if you’re craving a food-based business opportunity.
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