This company's data may be out of date.
- Units as of 2020
-
N/A Yearly Data not available
- 2020 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$178K - $309K
Company Overview
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About Mode
- Industry
- Retail
- Related Categories
- Apparel & Accessories, Retail,
- Founded
- 2007
- Leadership
- James Stockeland, CEO
Franchising Overview
- Franchising Since
- 2009 (12 years)
- # of employees at HQ
- 8
- Where seeking
- Franchisor is seeking new franchise units throughout the U.S.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Mode 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
- $30,000 - $30,000
- Initial Investment
- $178,000 - $309,000
- Net Worth Requirement
- $250,000
- Cash Requirement
- $75,000
- Royalty Fee
- 6%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
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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
- Mode offers in-house financing to cover the following: 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
- 10 days
- Classroom Training
- 5 days
- Additional Training
- At-home training courses
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportField Operations
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational Media
Operations
Additional details about running this franchise.
- Can this franchise be run from home/mobile unit?
- No
- # of employees required to run
- 3
- Are exclusive territories available?
- Yes
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