If you’re a prospective franchise business owner, then you probably know how important it is to do your homework and ask questions. No prudent entrepreneur runs into a new business relationship blindfolded. Furthermore, as a clothing boutique franchisor, Scout & Molly’s prefers to work with partners who know how to make careful decisions.

Therefore, let’s check out the most important questions to ask before signing a franchise agreement.

How Long Has This Company Been in Business?

Successful business models take some time to perfect, so you won’t find solid franchise opportunities among brand new companies. It’s better to focus on the ones that have been around for at least a few years with consistent revenues and loyal clientele.

For our part, Scout & Molly’s Boutique has been in business since 2002, after opening our first shop in Raleigh, NC. Our franchising system began in 2014 after years of sustained growth and cash flow.

How Do I Qualify as a Franchisee for Your Boutique Business?

Every franchise company has different standards for becoming a new owner. The first thing we look for is whether a candidate demonstrates an earnest desire to own a clothing boutique. Then, it also depends on whether you’re capable of handling the startup costs (more on that below).

Fortunately, when you partner with us, you don’t have to have several years of experience in the fashion business. We can (and will) train you on all the logistical and managerial matters.

What Can You Tell Me About Startup Fees & Royalties?

It’s unrealistic for anybody to enter a business opportunity (franchise or otherwise) without understanding the upfront investment and fee requirements. You must comprehend this before doing anything else.

The cost to open a Scout & Molly’s location is roughly $288,000 per unit, which gets you everything you need to run a clothing store. Then there’s an ongoing monthly royalty fee of 6% of gross revenue, along with a 1% fee for Brand Development.

What are the Training & Development Opportunities Like?

Reputable franchisors should have plenty of information on new franchisee training and other benefits. It’s a big part of what you’re paying for with the startup investment. We offer a week of initial training, plenty of ongoing training after your launch, and frequent assistance through site visits and conference calls.

Scout & Molly’s Boutique – Answering All Your Franchise Questions

This list isn’t totally exhaustive either. You should brainstorm other crucial questions you’d like to ask before signing a major business contract.

Scout & Molly’s Boutique is one of the fastest-growing clothing store chains in America. We’re more than happy to answer any questions or concerns. You’re welcome to reach us for help anytime by calling our us at 610-768-0114 or filling out the form below!

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Posted on March 29th, 2023