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Home >> Retail Stores >> CDs and Cassette Sales/Rental
| Talking Book World 22272 Pepper Rd., Unit A Lake Barrington, IL 60010 |
Submit an online form to receive information from Talking Book World.
|
Business Description
TALKING BOOK WORLD is the world's largest retail chain of audiobook stores, with the widest selection of audiobooks to rent or buy anywhere. Pioneers of the concept of renting audiobooks, TBW makes audiobooks accessible and affordable - with innovative programs that give unlimited use of our library and with no due dates.
Franchisor Background
Year Established: 1993
Franchising Since: 1995
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California, Florida, Illinois, Indiana, Maryland, Michigan, New York, Virginia
Financial Requirements
Average Number of Employees: 1 Full-time, 2 Part-time
Space Needs (in square footage): 1,800
Preferred Sites: Storefront, Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: No
TALKING BOOK WORLD is the world's largest retail chain of audiobook stores, with the widest selection of audiobooks to rent or buy anywhere. Pioneers of the concept of renting audiobooks, TBW makes audiobooks accessible and affordable - with innovative programs that give unlimited use of our library and with no due dates.
Franchisor Background
Year Established: 1993
Franchising Since: 1995
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 6 | 31.6% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 13 | 68.4% | |||||||||||||||||||||||||||||
Total Operating Units: | 19 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. California | 7 |
| 2. Michigan | 7 |
| 3. Ontario | 4 |
Registered in Following Registration States: California, Florida, Illinois, Indiana, Maryland, Michigan, New York, Virginia
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $100K |
| Cash Investment: | $150-225K |
| Total Investment: | $150-225K |
| Average Total Investment: | $188K |
| Fees: | |
| Initial Franchise Fee: | $25K |
| Average Franchise Fee: | $25K |
| On-Going Royalty: | 5% |
| Average Royalty: | 5% |
| Advertising Fee: | 2% |
Space Needs (in square footage): 1,800
Preferred Sites: Storefront, Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: No
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 3 | ||||||||
| General Business Experience: | 3 | ||||||||
| Specific Industry Experience: | 3 | ||||||||
| Formal Education: | 4 | ||||||||
| Psychological Profile: | 5 | ||||||||
| Personal Interview(s): | 5 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 15 Year(s) | ||||||||
| Term of Renewal Period: | 5 Year(s) | ||||||||
| Passive Ownership: | Allowed, But Discouraged | ||||||||
| Area Development Agreements? | Yes, for 3 Year(s) | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | No | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | No | ||||||||
| Size of Corporate Staff: | 6 | ||||||||
| Site Selection Assistance? | Yes | ||||||||
| Lease Negotiation Assistance? | No | ||||||||
| Financial Assistance? | Yes, Indirect | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | Yes | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | None Specified | ||||||||
| Additional Services: | None Specified | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Not Applicable | ||||||||
| Central Purchasing: | Not Applicable | ||||||||
| Field Operation Evaluation: | Included in Fees | ||||||||
| Field Training: | Included in Fees | ||||||||
| Initial Store Opening: | Included in Fees | ||||||||
| Inventory Control: | Included in Fees | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | Included in Fees | ||||||||
| 800 Telephone Hotline: | Included in Fees | ||||||||
| Training: | |||||||||
| 1. Franchisee's Store | 2 Weeks | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Talking Book World.
|
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