FREE Franchise Guide!
Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
See the Full List
Initial investment
$163K - $269K
Units as of 2022
1 Increase 0.0% over 3 years

Company Overview

About Locals Only Gifts and Goods

Industry Retail
Related Categories Miscellaneous Retail Businesses
Founded 2015
Leadership Eric Landrum, Dir. Fran. Ops.
Corporate Address 10 Frazier Ave.
Chattanooga, TN 37405
Social Facebook, Instagram

Business Overview

Franchising Since 2022 (2 years)
# of employees at HQ 3
Where seeking

This company is offering new franchises in the following US states: Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee

# of Units 1 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Locals Only Gifts and Goods 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 Information Circle
$30,000
Initial Investment Information Circle
$162,745 - $268,545
Cash Requirement Information Circle
$50,000
Royalty Fee Information Circle
5.5%
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
5 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

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 24.5 hours
Classroom Training 12.5 hours
Ongoing Support
Meetings & Conventions
Grand Opening
Online Support
Lease Negotiation
Field Operations
Site Selection

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 6
Are exclusive territories available? Information Circle
Yes
Take our quick quiz to find your ideal franchise

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to Locals Only Gifts and Goods.

Interim HealthCare

description
Medical and nonmedical home care, medical staffing

Copper Penny

description
Women's clothing and footwear

Snapology

description
STEAM education programs

Pet Supplies Plus

description
Pet food and supplies, bathing/grooming services

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Franchise

Hilton Launches 'Hilton for Business,' Digital Travel Program Aimed at SME's

The global initiative offers a suite of tools for business travel booking and management, coupled with Hilton Honors benefits for SME's and their employees worldwide.

Franchise

What Franchisors — and Franchisees — Need to Know About Local Video Marketing

Explore how franchisors can effectively use video marketing to connect with both business partners and customers and why many are missing out on this opportunity.

Franchise

Wendy's Ushers in New Leadership as The Strategy to Propel The Fast Food Giant Into Its Next Growth Phase Continues

Learn about the strategic vision behind appointing a seasoned industry leader to steer Wendy's toward future growth in the highly competitive fast-food industry.

Franchise

Burger King Is Upping its Rebrand Strategy With a $1 Billion Acquisition. These Franchise Resets Could Tell Us About the Fast Food Giant's Chances of Succeeding.

Discover the details behind RBI's strategic acquisition of Carrols Restaurant Group, a move that represents a significant step in a broader campaign to rejuvenate the Burger King brand, and compare it to past major franchise rebrands.

Franchise

Commanding a Premium Franchise Sale in a Cautious 2024 Private Equity Investment Climate

Perfect market timing is difficult to pull off, but excellent preparation and building a valuable business in the first place is much more under your control.

Franchise

Inspire Brands Takes Jimmy John's Global with Landmark International Franchise Deals

This move marks a significant step for Inspire Brands, which has previously focused on domestic growth and acquisitions within the U.S.

See more franchise content
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022