Here is how the initial investment breaks down:
- Initial Organizational and Training Expenses: $75,000 – $120,000
- Purchase of Land: $300,000 – $2,000,000
- Building Costs: $556,000 – $2,600,000
- Site Work: $50,000 – $500,000
- Professional Services: $30,000 – $211,000
- Permits / Fees: $1,500 – $75,000
- Furniture, Fixtures, Equipment & Signage: $410,000 – $750,000
- POS System: $20,000 – $45,000
Full Answer
How many stores does Apple have?
Where is the Apple Store located?
How many franchisees does Advantaclean have?
Is Apple the second largest company in the world?
Is Apple Inc. owned?
Is franchising a good idea?
See 1 more
How much does it cost to set up an Apple store?
So if we are looking at store costs, just how much does one cost? Over the time period illustrated, Apple opened 220 stores and spent $1.9 billion in fitting them out. That's about $8.5 million per store. It's been increasing so it's probably closer to $10 million lately.
Can you buy Apple franchise?
All of these are owned and managed by the company itself. On the other hand, owning an Apple retail store is impossible. Unfortunately, the company is currently not open for interested franchisees. All of the stores you see in the malls and in various locations are all Apple Inc.
How much does Apple franchise cost in India?
Single Unit Investment for APPLE SERVICE CENTER FranchiseExpected Investment for Franchise:15,00,001 - 20,00,000Investments Includes:Franchise Fee 350000 Equipments 250000 Furniture and Fixtures 555000 Advertising / Marketing 150000Capital Investment required:1500000Expected Payback Period:1yearExpected ROI:7 more rows
How much does a franchise cost?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
How does Apple use franchising?
Unfortunately, Apple is not a franchise and so owning your own Apple retail store is impossible. All of the stores you see dotted around our highstreets and shopping centres are company owned.
How do you become a Apple partner?
What are the requirements? Organizations applying for Authorized Service Provider status are required to have been in operation for a reasonable period, with audited financial records available for review by Apple. A credit line is required and must be agreed with the Apple Finance team in the appropriate region.
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
Which is best franchise to buy in India?
Top 10 Profitable Franchise Business Opportunities in IndiaTumbledry Franchise Store.Kalyan Jewellers Franchise.Domino's franchise store.Dr Lal Pathlab Franchise.FirstCry Franchise Store.VLCC Franchise Salon.Kidzee Franchise.Jockey Franchise Store.More items...•
What franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
What does a KFC franchise cost?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
How do I become a Apple retailer?
At the minimum, you will need proof of your relationship with your Apple distributor, recommendation letters from two clients or other Authorized Apple Dealers, your business license, proof of insurance, tax ID and company logo. Verify what format is best, but often PDF or JPEG is standard.
Which is best franchise to buy in India?
Top 10 Profitable Franchise Business Opportunities in IndiaTumbledry Franchise Store.Kalyan Jewellers Franchise.Domino's franchise store.Dr Lal Pathlab Franchise.FirstCry Franchise Store.VLCC Franchise Salon.Kidzee Franchise.Jockey Franchise Store.More items...•
Who is Apple distributor in India?
ResellerCityiPhoneBrilyant IT Solutions Pvt LtdBengaluru●Conquer TechnologiesBengaluru●Swajyot Technologies Pvt LtdBengaluru●Datalogics India Pvt LtdBengaluru●64 more rows
How do I become an Apple Authorized Service Provider?
Technician Certification Becoming certified to repair Apple products requires passing exams through an online Authorized Testing Center. Certifications are updated on a per product basis annually. The certification exam fees are waived for businesses that have been approved to be an Independent Repair Provider.
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How much does an Apple Spice franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
When did they begin franchising?
They began franchising in 2011. The average Catering franchise began franchising in 2011.
Are there any Apple Spice franchise opportunities near me?
Based on 2019 FDD data, Apple Spice has franchise locations in 10 states. The largest region is the South with 12 franchise locations.
How long is the franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is from one to 20 years. There are currently no provisions given for renewal. Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligation.
What is franchise territory?
Territory Granted: Under each Franchise Agreement, the franchisor allows franchisees to operate a restaurant at the single specific location described in the Franchise Agreement. The franchisor must approve the location of the restaurant in advance. Franchisees will not receive an exclusive territory. Franchisees may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands that the franchisor controls.
What is Applebee's Neighborhood Grill?
Franchisees operate sit-down, table service restaurants, including the service of food and alcoholic beverages, under the trade name of “Applebee’s Neighborhood Grill & Bar.”.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligation.
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
Do franchisees have to supervise their own restaurants?
Obligations and Restrictions: The franchisor does not require franchisees to supervise personally their franchised restaurants. Franchisees must employ a director of operations (or an individual with equivalent or greater responsibility and authority) to devote his/her full-time efforts to the restaurants in the territory. The director of operations may be one of the individual principal shareholders if the franchisor agrees he/she has sufficient restaurant experience to perform the job. Under each Franchise Agreement, franchisees must employ a general manager who will devote his/her full-time efforts to supervising the day-to-day operation of each restaurant and a kitchen manager who will devote his/her full-time efforts to supervising the day-to-day operation of the restaurant kitchen. The general manager, kitchen manager and assistant managers for each restaurant must successfully complete the operations training course before the opening of the restaurant for which they are responsible (and after the restaurant opens, as the franchisee hires each new manager) and must successfully complete any refresher courses the franchisor requires. Franchisees may offer for sale in the restaurants only those products and services specified in the Franchise Agreement and the manuals which satisfy the franchisor’s standards and specifications and which the franchisee purchases from approved suppliers and distributors. Franchisees may not use the restaurant location for any purpose other than the operation of a restaurant complying with the franchisor’s requirements, and franchisees may only advertise locally through media the franchisor approves.
Is Apple a franchise?
Apple Stores are not franchised, they're owned by Apple, Inc., but general information on becoming an authorized Apple reseller, consultant or service provider (including in the Caribbean) is here: http://channelprograms.apple.com/channel/. Follow the links to learn about specific programs.
Can Apple store in Barbados?
In the former British West Indies region we could really use an Apple store, especially here in Barbados. (I know Apple does not like the unlocked iPhones) but they were selling like hotcakes after people were able to got them working on our Digicel or bMobile carriers.
How Much Money Can You Make as an Applebee’s Franchisee (Owner)?
According to the FDD, average weekly sales of an Applebee’s restaurant is $46,695. This equates to $2,428,000 in annual sales. On that nearly $2.5M in sales, on average a franchisee will make profits of around $310,000 before paying for taxes, interest expenses or above store general & administrative costs.
How much is Applebee royalty?
The Applebee’s ongoing royalty fee paid to the franchisor is 4% of gross sales. This percentage can be increased by the franchisor after January 1, 2020. Royalties are due monthly on the 12th day of the next month. Gross sales includes all revenues from the Restaurant. Gross sales do not include sales or use taxes.
Who founded Applebee's?
The Applebee’s chain was founded by Bill and T.J. Palmer in 1980. They wanted to crate a neighborhood feel and quality food at a lower price than competition. The first location was named T.J. Applebee’s Rx for Edibles and Elixirs. Eventually, the concept was sold a few times and dropped the nonsense at the end of the name.
How much did Apple pay in taxes in 2015?
In 2015, Apple paid just $85 million in taxes despite a collosal revenue figure of $7.9 billion.
What is the foundation of Apple?
They want to control the devices. They want to control the software. They want to control the apps. They want to control the payment system. Steve Jobs himself said, “I’ve always wanted to own and control the primary technology in everything we do.” And from Shark Tank’s Keven O’Leary, “Steve Jobs had his critics. Some saw him as an egomaniac, and others as a control freak.”
Why do Apple stores tolerate resellers?
They tolerate the resellers because they can't or won't open Apple Stores everywhere, but they make it difficult to become a reseller and maintain reseller status. There's millions of hoops to jump through and no money to be made from selling Apple products directly.
How to get intellectual property?
All you have to do is prove in court that you had the idea first, and they will award the intellectual property to you. Or buy a controlling interest in the company , take a seat on the board and use that position to influence new store locations.
Where is the Apple Store in Mexico?
Not sure about the franchise system in the US, but here in Mexico we only have one official Apple Store in the whole country and it is in Mexico City.
Can Apple be combined with AAR?
Apple Authorized Service Provider (AASP)-- can be combined with AAR for a higher possibility of profit. Probably the only way to make money as an indie dealer anymore. Apple will help you or crush you depending on how many other AASPs are in the immediate area.
Is Apple a company?
All Apple Stores are company-owned. Your only option is to open an Apple Authorized Reseller (AAR). This is an incredibly onerous process that requires approval from Apple, a promise to purchase a minimum of $100,000 in equipment each year from Apple, and profit margins on the order of 3-5%.
How many stores does Apple have?
As of May 2013, the company maintains 406 retail stores which are located in 14 countries across the globe. They also have the Apple Online Store and Apple iTunes Store. All of these are owned and managed by the company itself.
Where is the Apple Store located?
Apple Inc., known for the word-famous computers and gadgets (iMac, iPhone, iPad, iPod and many more) is an American multinational company which is located in California. The company is best known for its’ top of the line hardware products together with the legendary MacOS.
How many franchisees does Advantaclean have?
Advantaclean is proven recession-proof. Founded in year 1994, the company continuously grows; hence to sum it up, the company currently has 90 franchisees in over 140 territories.
Is Apple the second largest company in the world?
It has been reported that Apple is currently the world’s second largest information technology company by revenue after Samsung Electronics. Moreover, it is also the world’s third largest mobile phone maker after Samsung and Nokia. (Courtesy of America’s Most Admired Companies by Fortune Magazine 2008 – 2012)
Is Apple Inc. owned?
On the other hand, owning an Apple retail store is impossible. Unfortuna tely, the company is currently not open for interested franchisees. All of the stores you see in the malls and in various locations are all Apple Inc. owned.
Is franchising a good idea?
Franchising is a great option if you want to gain that quick success in the field of business and entrepreneurship. However, any interested franchisee should plan accordingly, and choose wisely over the hundreds of businesses which are open for franchising. There are hundreds or even thousands of companies across the globe who are offering their businesses for interested franchisees; food related business, home care services, senior care industry, retail store franchises, and many more. Such franchise businesses if considered should be well established, have proven business models, been tested by time, are recession-proof and should be easy to manage.
