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Lemstone Books
311 S. County Farm Rd., # E
Wheaton, IL 60187
800#:
Tel: (630) 682-1400
Fax: (630) 682-1828
E-Mail: [email protected]
Web Site: www.lemstone.com
Contact: Mr. Phil Darr, VP Sales/Administration
Since 1982, LEMSTONE has been helping Christians own, operate and succeed in Christian retailing. Our franchise concept provides a 'road map for success' for Christian retailers who possess a heart for people and an entrepreneurial spirit. We currently have over 75 stores in 27 states. LEMSTONE stores are located in premier regional malls within growing markets. Our stores enjoy maximum market exposure every day as thousands of customers shop.
Franchisor Background
Established: 1981
First Franchise: 1982
Franchise Units: 63
Company-Owned Units: 2
Total Units: 65
Distribution:
U.S. -- 65;
Canada -- 0;
International -- 0
-North America -- Operations in 27 States
-States/Provinces with Greatest Density: 8 in TN, 8 in OH, 7 in IL
Projected New Units Over Next 12 months: 12
Franchisee Qualifications: 5, 2, 1, 2, 2, 4
(Click here for an explanation)
Registered in Following Registration States: CA,FL,IL,IN,MD,MI,MN,NY,OR,WA,WI (Click here for an explanation)
Average Number of Employees: 1 FT, 4 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,300-2,000 SF; RM
(Click here for abbreviations)
Encourage Conversion: No
Financial Requirements
Cash Investment: $60K
Total Investment: $150-240K
Average Total Investment: $195.0K
Minimum Net Worth: $350K
Fees:
-Franchise: $30K
-Average Franchise Fee: $30.0K
-Royalty: 4%
-Average Royalty: 4.0%
-Advertising: 1%
Provide Earning Claim Statement: NR
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: No
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 14
On-Going Support: A,B,C,D,E,F,G,H (Click here for an explanation)
Training: 8 Days Headquarters; 5 Days On-Site.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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