- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$116K - $2.2M
- Unit data is unavailable
-
N/A
Company Overview
About Sears Hometown & Outlet Stores
Industry | Retail |
---|---|
Related Categories | Miscellaneous Retail Businesses |
Founded | 1990 |
Leadership | Bruce Johnson, CEO |
Corporate Address |
5500 Trillium Blvd., #500 Hoffman Estates, IL 60192 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2009 (16 years) |
---|---|
# of employees at HQ | 300 |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Sears Hometown & Outlet 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
|
$25,000 |
---|---|
Initial Investment
|
$116,000 - $2,208,000 |
Net Worth Requirement
|
$600,000 |
Cash Requirement
|
$250,000 |
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.
In-House Financing | Sears Hometown & Outlet Stores offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory |
---|---|
Third Party Financing | Sears Hometown & Outlet Stores has relationships with third-party sources which offer financing to cover the following: startup costs, equipment |
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 | 2 weeks |
---|---|
Classroom Training | 1 week |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
|
Marketing Support |
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where Sears Hometown & Outlet Stores landed on this year's Franchise 500 Ranking versus previous years.
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