The Initial Investment in any retail franchise is typically composed of three elements: Initial license fees, Establishment Costs and Working Capital.
- Initial License Fees
Initial License Fees are one-off fees required to gain access to use PACK & SEND’s intellectual property, including the trademarks, the complete business operating system and proprietary technology. It also includes initial training for you and/or key staff. PACK & SEND’s initial training includes:
- Two weeks initial training, including one week at Sydney corporate office that covers all areas of running the franchise business.
- One week practical training in a Service Centre.
- One week on-site assistance and training in your Service Centre location during the opening period.
- Establishment Costs
Establishment costs include such things as fit-out, signage, equipment, packaging supplies and other items (stationery/office supplies, legal costs, uniforms, rent deposit, aviation security regulatory training and accounting software).
Establishment costs can vary. For example, fit-out costs can vary depending on the size and condition of the premises to be leased.
- Working Capital
Like every new business that opens – you will need working capital during the development period of building your business. These additional funds support on-going expenses, such as rent and utilities, to the extent that these costs are not covered by sales revenue in the early development months of your operation.