Sears Hometown & Outlet Stores

Appliances, hardware
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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$116K - $2.2M
Units as of 2014
333 Decrease

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

Business Overview

Franchising Since 2009 (15 years)
# of employees at HQ 300
# of Units 333 (as of 2014)

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 Information Circle
$25,000
Initial Investment Information Circle
$116,000 - $2,208,000
Net Worth Requirement Information Circle
$600,000
Cash Requirement Information Circle
$250,000
Term of Agreement Information Circle
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? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
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.

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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