Total investment:

$ 38,544

Franchise fee:

$ 17,900

Royalty fee:

3%

Marketing fee:

$ 1%

Number of franchises

Return

Time period

Revenue:

$ 12 000*

* Calculator calculations are provisional, not guaranteed

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MAIN INFORMATION

Year founded: 1997

Franchise since: 2004

Company owned units:

Franchise owned units: 151

Total number of units:

Number of employees per unit:

Contract period: 60 month

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WEBSITE

Just Between Friends offers children’s and maternity consignment sales events take place. At a Just Between Friends event, you can: shop rows and rows of baby and children’s shoes, toys, clothing, maternity, and baby equipment at 50 to 90% off retail, sell your items as a consignor and earn from 60 to 70% on your item sales, help out at the sale and make new friends—plus you get a lot of other perks too! The company was founded by Shannon Wilburn and Daven Tackett in 1997. Just Between Friend began franchising in 2004. As of 2018, it operates more 150 franchises in the United States.

On-The-Job Training: 21 hours
Classroom Training: 32 hours
Additional Training: Pre-training

Type of Expenditure 1 Unit 2 Units 3 Units Method of Payment When Due To Whom Payment Is Be Made
Initial Franchise Fee (1) $17,900 $33,900 $48,900 Cash Execution of Franchise Agreement JBF
Initial Equipment (2) $4,000 – $6,700 $4,000 – $6,700 $4,000 – $6,700 As you arrange from supplier Varies with supplier Persons or entities other than JBF
Initial Inventory (3) $5,000 $10,000 $15,000 Cash Before first sales event Persons or entities other than JBF
Storage (4) $0 – $375 $375 – $750 $750 – $1,125 Cash Varies with Supplier Persons or entities other than JBF
Pre-Opening Labor (5) $700 – $1,000 $1,400 – $2,000 $2,100 – $3,000 Cash Prior to Sales Event Persons or entities other than JBF
Optional At Event Existing Franchisee Coaching (6) $0 – $2,850 $0- $5,700 $0 – $8,550 Cash At least 90 days prior to Sales Event JBF
Estimated Travel & Living Expenses during training and site visit (6) $1,800 – $2,800 $1,800 – $2,800 $1,800 – $2,800 Cash Prior to training and site visit Persons or entities other than JBF
New Franchise Technology License and Set-up Fee $1,500 $3,000 $4,500 Cash Before Opening JBF
Building Lease (7) $900 – $3,750 $1,800 – $7,500 $2,700 – $11,250 Cash As required by landlord Landlord
Business Registration & Tax Permits $800 – $1,000 $800 – $2,000 $800 – $3,000 Cash Before Opening Government
Insurance (8) $500 – $1,000 $500 – $2,000 $500 – $3,000 Per policy Per policy Insurance Company
Advertising $2,380 – $3,730 $4,760 – $7,460 $7,410 – $11,190 As required At or before event Persons or entities other than JBF
Additional Funds – Initial Period from signing franchise agreement
to first sale (Not more than 300 days) (9) $2,500 – $5,500 $2,500 – $11,000 $2,500 – $16,500 As required As required Persons or entities other than JBF
Technology Fee (11) $164 – $984 ($164 per month) $328 – $1,968 ($328/month) $492 – $2,952 ($492/month) Cash 1⁄2 due January 15, 1⁄2 due July 15 JBF
Financial Management Course $400 $400 $400 By January 15th for
the current year Subject to change by 30 days
prior written notice. JBF (but this is optional at the
discretion of each franchisee)
TOTAL: (12) $38,544 – $54,509 $65,563 – $97,178 $91,582 – $138,867

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