GFC’s ideal franchisee is one who demonstrates the ability to grow and work as a team in the franchisee system. The ideal franchisee is also a moderate risk-taker, an entrepreneur with significant retail and business ownership experience, and capable of operating multiple stores.
Who is the ideal Giggles Franchisee?
How long does it take to open my store after signing agreements?
The estimated amount of time to open a new store is six months. For a conversion store, the estimated opening time is forty-five days.
What is the training like?
The training consists of approximately eight days and takes place at GFC headquarters, company-owned stores, and your store depending on the topic discussed. The training team is comprised of the Giggles founders and key management officials. Together, the team possesses years of hands-on retail and management experience.
How many Giggles stores are company-owned?
GFC’s affiliate, GigglesWorld Corporation, owns three adult retail stores operating in Dutchess and Putnam counties in New York State. The first store opened in 1998.
What makes a Giggles franchise more appealing than other franchises?
Aside from being sexy, Giggles Franchise Corporation provides a close relationship with the founders in training and support to experience a diminished learning curve, gain from expert advice and learn from a detailed operations manual. More advantages include a being a first mover in a rapidly growing industry, an altered fee structure, a long renewal term, and use of the attention getting Giggles name and logos that should be appealing to any potential franchisee.
What is expected of a Giggles Franchisee?
What is the investment like?
A Giggles franchisee is responsible for site exploration and procurement, site development to match design specifications, store operations, royalty and advertising expenditures, and employment issues.
The initial franchise fee for a new store is $25,000. The initial franchise fee for an existing store that converts to a Giggles franchise is $7,500. The total investment necessary to begin operation of a new Giggles franchise store ranges from $135,000 to $341,000, assuming that you lease, rather than purchase, your store location, and $84,000 to $272,000 if you are converting from an existing adult erotic store to a Giggles franchise store.