There are a few different types of bookstore franchises. One is the big box store, like Barnes & Noble or Borders. These stores are often located near major shopping centers or busy commercial areas. They typically have a wide variety of titles, but they may not have the best selection of literary fiction.
Another type of bookstore franchise is the indie bookstore. These stores are more likely to specialize in literary fiction and offer a more unique selection. They may be located in smaller towns or in college towns. There are also online bookstores, like Amazon Kindle or Barnes & Noble Nook.
The Best Bookstore Franchises to Buy
If you’re interested in bookstore franchising, lots of great options exist to take advantage of. Consider options like Club Tabby, Dymocks, Beat The Bookstore, Collins Booksellers, Brilliant Sky Toys & Books, and Lemstone Store.
i. Club Tabby
This business sells a whole range of products and services, from books, girl’s products, parties, and makeovers. Club Tabby was founded in 2007 and started its franchising operations in 2009. The company seeks to expand its operations to more locations across the United States.
To qualify for this opportunity, you’ll need to meet the financial requirements set by the franchisor. Such conditions include an initial franchise fee of $36,000 to $63,000, an initial investment of $166,600 to $315,000, a cash requirement of $150,000, and a net worth of the same amount.
As a veteran, Club Tabby offers you a 5% discount on the franchise fee. There may be other financing options too. Details on such will require making inquiries. As a Club Tabby franchisee, the agreement or ownership term is ten years. This is also renewable.
Dymocks is another reputable bookstore franchise brand that has won the respect of investors. While helping you to fulfill your dream of owning your business, Dymocks provides comprehensive operational support. The goal is to ensure its partners establish their operations with high chances of success.
As a Dymocks franchisee, you get exceptional franchise training that covers all aspects of the business, including business analysis & reporting, complete inventory management, marketing & promotions, and point of sale. Franchisees also get to enjoy group marketing programs.
Such group marketing programs provide advice on local area PR & marketing and author events, amongst others. This bookstore franchise opportunity allows you to sell various products, including books, stationery, kids’ items, and many others.
So, is this the right franchise opportunity for you? You’ll have to find out by making the necessary inquiries. You’re given all the information needed to decide on an application.
iii. Beat The Bookstore
Beat The Bookstore is a business that deals in new and used books. As a prospective franchisee, you’ll need to meet the franchisor’s minimum ownership cost of $138,850 to $348,050. Franchise benefits include comprehensive training and support, and financing for qualified candidates.
To be more specific on the type of support offered, this includes a locally branded website, superior software and tech support, and access to its unique & effective local marketing strategies. This franchisor offers you site selection, store launch support, and the chance to join its outstanding customer service program.
Is this the right franchise to buy? There’s no definite answer as you have to make the decision. Different investors have specific needs, and you’ll have to consider your needs with what’s being offered by the franchisor.
iv. Brilliant Sky Toys & Books
This is also among the best bookstore franchises you’ll find. It deals in books and specialty toys, amongst other products and services. Brilliant Sky Toys & Books was founded in 2002 and franchised in 2007. To own this franchise, you’ll need to meet the minimum requirements.
These requirements include an initial franchise fee of $35,000, an initial investment of $196,000 to $424,000, a cash requirement of $150,000, and a royalty fee of 5%. The term of the agreement for this franchise is five years, with the ability to renew where the need arises.
Financing options are available for qualified franchisees. Such include in-house financing as well as financing from third-party sources. New franchisees undergo classroom training that lasts a week. There’s another week of on-the-job training to fully equip them with skills for operating their bookstore franchise.
Brilliant Sky Toys & Books franchise offers a whole range of ongoing and marketing support. These cover field operations, newsletters, online support, meetings & conventions, a toll-free line, and a grand opening.
v. Lemstone Store
Lemstone Store is a bookstore franchise brand that deals in Christian books, music, and gifts. With Lemstone, Inc. as its parent company, the business was founded in 1981 and began franchising the following year. To become a Lemstone Store franchisee, you’ll need to meet its financial requirements.
These requirements consist of an initial investment of $210,000 to $287,000, an initial franchise fee of $30,000, a royalty fee of 4%, and an ad royalty fee of 1%. The franchise term of the agreement is for ten years, renewable when you meet the requirements.
Does Lemstone Store offer financing options? You’ll have to find out by making the necessary inquiries. Here, you need to determine whether it provides in-house or third-party financing. Plus, knowing what such financing covers is also crucial.
As a Lemstone Store franchisee, you get access to support services, such as on-the-job and classroom training lasting 3 and 8 days, respectively. The franchisor’s ongoing and marketing support covers critical aspects of its operation like meetings & conventions and purchasing cooperatives.
Newsletter, security & safety procedures, field operations online support grand opening, use of its ad templates, marketing planning & support, and national media are other areas covered by such a license.
To know if this is the right franchise opportunity, you’ll have to make your research by digging for more information. This involves making inquiries on what’s required and the benefits offered.
The choice of a bookstore franchise would usually be influenced by factors such as the cost of the investment, the suitability of the opportunity to your needs, the extent of franchisee support, profit potential, and the level of difficulty in joining other things.
These bookstore franchises are among the best opportunities you can buy. Like all franchises, they allow you own your business which is part of a successful brand. Find your most preferred bookstore franchise among these and research the incentives for joining further.