Beadniks

  • The Beadniks Group, Inc.
2700 Avenger Dr., #111
Virginia Beach, VA 23452
  • (757) 463-5564
  • (757) 463-5556 (Fax)

Beadniks is more than a business opportunity,it's a lifestyle. Explore a world of exotic beads in this activity-based retail concept. Beadniks offers an exotic world theme store where customers create custom jewelry with beads from the far corners of the globe. Join the Beadniks family and become part of the number one bead store in the country and the fastest growing beading and craft concept in franchising. We offer exceptional training and support, national buying power and proven marketing programs.

Franchisor Background

Year Established: 1990

Franchising Since: 2006

Operating Units

Franchised Units 6 100.0%
Company-Owned Units 0 0.0%
Total Operating Units 6 100%

Geographic Distribution

USA 6 100.0% In 6 States
Canada 0 0.0% In 0 Provinces
International 0 0.0% In 0 Foreign Countries
Total 6 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

Density Units
California 1
Illinois 1
Massachusetts 1

Registered in the following Registration States

California, Florida, Illinois, Maryland, Michigan, Minnesota, Virginia

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Support and Training

General Information

IFA Member No
CFA Member No
Franchisee Association? No
Size of Corporate Staff 4
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance Yes, Indirect

Marketing Support

Co-Op Advertising No
National Advertising Yes
Regional Advertising Yes
Local Advertising Yes
Marketing Materials Ad Slicks, Brochures, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Videos
Additional Services: Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies

Ongoing Support

Central Data Processing N/A
Central Purchasing N/A
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control Included
Franchisee Newsletter Included
Regional or National Meetings Included
800 Telephone Hotline N/A

Training

Home Office 2 Weeks
On-Site 10 Days
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Financial Requirements

Investment

Minimum Net Worth $100K
Cash Investment $50-75K
Total Investment $162.1-394.5K
Average Total Investment $375K

Fees

Initial Franchise Fee $30K
Average Franchise Fee $30K
On-Going Royalty 6%
Average Royalty 6%
Advertising Fee 0.60%

Site Information and Requirements

Average Number of Full-Time Employees 2
Average Number of Part-Time Employees 4
Space Needs (in square feet) 1,500-2,000
Preferred Site Types Free Standing Building, Storefront, Strip Center, Regional Mall
Other Site Types Allowed Lifestyle Center
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? No
Listed in the SBA Registry? No
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Franchisee Qualifications

Financial Net Worth 3
General Business Experience 3
Specific Industry Experience 2
Formal Education 2
Psychological Profile 5
Personal Interviews 5
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Terms of Contract

Term of Initial Contract 5
Term of Renewal Period 5
Passive Ownership? Not Allowed
Area Development
Agreements?
Yes, for 0 years
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? Yes
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Expansion Plans

Projected New Units Over Next 12 Months 2
USA Yes, All States
Canada No
Overseas No
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Request Information for Beadniks

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