Sears Hometown & Outlet Stores

Sears Hometown & Outlet Stores

Appliances, hardware
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$116K - $2.2M
Units as of 2014
333

Company Overview

Sears offers two franchise concepts: Sears Outlet Stores and Sears Appliance & Hardware Stores. Franchising since 2009, the stores specialize in home appliances and hardware.

About Sears Hometown & Outlet Stores

Industry
Retail
Related Categories
Miscellaneous Retail Businesses
Founded
1990
Leadership
Bruce Johnson, CEO

Franchising Overview

Franchising Since
2009 (13 years)
# of employees at HQ
300
Where seeking

This company is seeking new franchisees in the following US states:

# of Units
333 (as of 2014)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
5500 Trillium Blvd., #500
Hoffman Estates, IL 60192

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
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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
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
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Franchise 500 Ranking History

Compare where Sears Hometown & Outlet Stores landed on this year’s Franchise 500 Ranking versus previous years.

Stock History for Sears Hometown & Outlet Stores

Ticker Symbol for Sears Hometown & Outlet Stores: shos

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021