- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$292K - $500K
- Units as of 2022
-
34 47.8% over 3 years
Company Overview
About Monkee's
Business Overview
- Franchising Since
- 2011 (12 years)
- # of employees at HQ
- 13
- Where seeking
-
This company is offering new franchisees in the following US states: Alabama, Arkansas, Arizona, Colorado, Delaware, Florida, Georgia, Iowa, Kansas, Kentucky, Louisiana, Maryland, Missouri, Mississippi, North Carolina, Nebraska, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia
- # of Units
- 34 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Monkee's 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
- $60,000
- Initial Investment
- $291,773 - $500,201
- Net Worth Requirement
- $400,000
- Cash Requirement
- $50,000
- Royalty Fee
- 5%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Monkee's has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable
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
- 83 hours
- Classroom Training
- 20 hours
- Ongoing Support
-
Meetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite Selection
- Marketing Support
-
Ad TemplatesSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like Monkee's? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Monkee's landed on this year’s Franchise 500 Ranking versus previous years.
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