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Q. Does Vintage Stock provide training?
A. Yes. Vintage Stock provides training for you, your
managers and key employees before, during and after the opening of your
first Vintage
Stock retail facility. This training will take place at one of our affiliate-owned
locations in either Tulsa, Oklahoma or Joplin, Missouri.
This extensive training includes all aspects of store operations, marketing,
advertising, promotion, point of sale, pricing guidelines, hiring and
human resources.
Initial training will include one week at a corporate
training facility, followed by two weeks on-site at the franchisee’s
store prior to and during the soft opening.
Ongoing support will include both online and in-person training, with
corporate support staff making field visits to stores approximately every
45 to 60 days.
Q. How much are the Franchise Fees and royalties?
A. The initial franchise fee is $30,000, with a sliding scale downward.
The fee is $25,000 for the second and the third locations, with a $20,000
fee for the fourth, fifth and sixth. The fee is reduced to $15,000 for
additional locations.
Franchisees pay half of the total franchise fees upfront as a development
fee. The balance of the individual franchise fee is paid upon signing
of the site-specific franchise agreement.
Franchise royalties are 5 percent of gross sales.
Q. Does Vintage Stock find me a location?
A. Vintage Stock has established a relationship with the Staubach Company
and are currently reviewing sties determined by experience-based criteria.
As such, Staubach will provide all appropriate data including visibility,
population and demographics. All sites are subject to Vintage Stock
Franchise Systems, Inc. approval.
Q: Should franchisees use the Vintage Stock proprietary software?
A: All franchisees must use the Vintage Stock Point of Sale system. We
have already incurred the tremendous expense of creating an effective
inventory management system that runs on our Point of Sale software.
Q. What kind of advertising programs is a franchisee responsible for?
A. All Vintage Stock franchisees contribute to Corporate, Regional and
Local Advertising Funds for advertising and sales promotion programs.
The requirements are 1% contributed to a corporate fund and up to 3%
a month must be spent on local advertising.
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Q. What assistance will the Franchisor provide
in retail store design and setup? Where do we get our supplies?
A. The Franchisor will provide each franchisee with
a complete construction, equipment, design and decor package upon
signing each Individual Unit Franchise Agreement. The Franchisor will
also provide a list of approved vendors that offer products as well
as recommend contractors. A prototype floor plan will also be provided
in this package.
Q. Are standard operating procedures in
place and how do we maintain quality control?
A. Vintage Stock has developed systems and operating
procedures, placing them at the forefront of the retail industry. Franchisees
will benefit from the ongoing research, training, operations manuals
and regular visits by trained field staff. These benefits will enable
franchisees to maintain the standards of uniformity in appearance, service
and value for which the Vintage Stock system is known.
Q. What kind of recurring payments are made
by us to the Franchisor?
A. The two recurring payments are made on a bi-weekly
basis. The first is a continuing franchise fee and the second is
an advertising and promotion fee.
All advertising and promotion payments will be
placed into a separate advertising account and are used solely for
advertising, promotion and related activities.
Q. What is the term of each franchise agreement? Can we transfer
or sell our franchise?
A. The current term is 10 years with consecutive
additional option terms of five years each. A Franchise Agreement
may be transferred or sold with Vintage Stock’s prior consent.
The buyer must meet their current qualification criteria and execute
a Franchise Agreement with us.
Q. How much money can a franchisee make?
A. As a franchise company, we are regulated as
to how earnings claims can be communicated. Vintage Stock has provided
this information in written form in Item 19 of the Uniform Franchise
Offering Circular (UFOC). Vintage Stock is one of the few franchise
companies that provides this information to its prospective franchisees.
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