Franchise Investment

Crock A Doodle Franchise Investment

Crock A Doodle is a franchised retail operation that requires a total investment of approximately $115,00 to $160,000 for a ready-to-open new retail studio. This amount does not include HST or the recommended $25,000 cash on-hand working capital or applicable taxes.

In order to qualify, candidates must confirm that they have access to the required funds.

 

Breakdown of Required Funds:

$20,000 to 30,000 cash on hand

$40,000+ in unencumbered funds which could come from any of the following:

  • Additional cash on hand
  • Liquid assets (stocks, securities, mutual funds etc.)
  • Home equity: if the home is paid off or mostly paid off and one spouse continues outside employment to maintain the extra household debt.
  • Family gifts

$50,000+ in business loan, line of credit and/or Canadian Small Business Loan (if above funds fall short)

 

Why do I have to have 50% of my own money to invest?

Although the total cost of the studio start-up may be available to an applicant by way of a bank loan, Crock A Doodle prefers that only half of the cost of the start-up be borrowed so that the candidate does not enter the business with an unreasonable debt load. Experience has proven that unreasonable debt loads are detrimental to the success of the franchise.

Crock A Doodle strives to ensure the success of every studio. Projected operational expenses and sales can vary considerably with the management skills of a new franchisee, the studio location and other variables. For these reasons, Crock A Doodle does not guarantee that a new studio will reach specific annual sales. As part of our selection process, prospective studio owners will receive our Disclosure Document which includes a pro-forma spreadsheet for use in business planning and financial projections.

Note: The capital investment required to set up a Crock A Doodle studio varies by location, landlord design criteria and contractor pricing in each area. Leaseholder improvements may vary considerably, depending on the previous state of the premises. Because of this, there is no guarantee that your costs will fall within the range shown. This is meant solely as a guideline. Details of your initial costs can be found in your Franchisee Disclosure Document (Canada).  All applicable taxes, if any, are in addition to the above identified amounts.

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