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Rider's Hobby Shops
4627 Platt Rd.
Ann Arbor, MI 48108-9726
800#: (888) 530-9780
Tel:
Fax: (517) 796-2679
E-Mail:
Web Site: www.riders.com
Contact: Mr. Brent Martin, Dir. Business Development
RIDER'S HOBBY SHOPS sell FUN! When families walk into a RIDER'S HOBBY SHOP, childhood dreams come alive and imaginations run wild. The family oriented recreational products displayed throughout the store offer something fun and exciting for just about everyone. RIDER'S HOBBY SHOPS sell radio controlled cars, boats, airplanes, helicopters, electric trains, models of all types, games, telescopes, specialty tools, kites, rockets, doll houses, slotcars, educational toys for kids and much more.
Franchisor Background
Established: 1946
First Franchise: 1996
Franchise Units: 4
Company-Owned Units: 6
Total Units: 10
Distribution:
U.S. -- 13;
Canada -- 0;
International -- 0
-North America -- Operations in 3 States
-States/Provinces with Greatest Density: 11 in MI, 1 in TX, 1 in VA
Projected New Units Over Next 12 months: 15-20
Franchisee Qualifications: 4, 4, 3, 2, 4, 5
(Click here for an explanation)
Registered in Following Registration States: IL,IN,MI (Click here for an explanation)
Average Number of Employees: 3-4 FT, 6-10 PT (FT = Full Time, PT = Part Time)
Space Needs: 3,000-5,000 SF; SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $80-120K
Total Investment: $200-300K
Average Total Investment: $250.0K
Minimum Net Worth: $300K
Fees:
-Franchise: $17.5K
-Average Franchise Fee: $17.5K
-Royalty: 3.5%
-Average Royalty: 3.5%
-Advertising: 1%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/5
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: No
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: No
Size Of Corporate Staff: 8
On-Going Support: A,B,C,D,E,F,G,H,I (Click here for an explanation)
Training: 5 Days Corporate Headquarters; 14 Days Franchisee's Retail Location.
Franchisor's Specific Expansion Plans
U.S.: Focus on Midwest
Canada: No
Overseas: Master Franchisee in the U.K.
Note: NR = No Response by Franchisor.
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