Why franchise with The New Feet Store?
The corporate owned store in Seal Beach, California has been in business as a foot comfort center —in the same location—since 1997. The corporate store has enjoyed a loyal following since that time, with a large customer base. Additionally we offer the following benefits:
Why arch supports and comfort shoes?
Why would I want to own a New Feet Store?
- Reasonable investment (all you need is about$180K and good credit)
- Access to our unique selection of arch supports and comfort shoes
- Reasonable working hours
- Typically closed on all holidays
- Very attractive profit margins
- Low labor requirements (usually only two or three employees)
- Low inventory requirements
What is the initial franchise fee?
What are the monthly royalty fees?
How long has The New Feet Store been in business?
What are the steps to owning a New Feet Store franchise?
Step 1: Complete the Information Request.
Complete the information request form at your earliest convenience.
Step 2: Receipt of Information Request
Once we have received your information request form, we will send you our information packet along with a Franchise Application form. This package provides an overview of the New Feet Store franchise and how we can help you launch, grow and manage your own business.
Step 3: Qualification Process
Once we have reviewed your information request, we go through a mutual assessment process. This is a good time to ask about training, support, day-to-day operations, company culture and much more. Most important, this is your opportunity to determine if you can really see yourself owning a New Feet Store franchise and delivering much needed superior products and services.
Step 4: FDD Review
After the qualification process is successfully completed, we will send you the Franchise Disclosure Document (FDD). The FDD provides full and complete disclosure information about all aspects of the New Feet Store franchise, our systems, requirements and structure. It also includes a sample of the franchise agreement you would enter into and a great deal of relevant information to help you better understand the New Feet Store business. We recommend that you consult with qualified professionals (CPA and a franchise attorney) during this due diligence process to help guide you in your business decision. We will set up a separate phone call to review the FDD with you and answer any questions.
Step 4: Discovery Day
After FDD review is complete, we invite you to visit our corporate headquarters in Seal Beach, California. There you will meet the enthusiastic New Feet team and become familiar with the technology and systems designed to help you build and operate your New Feet store business.
Step 5: Decision and Acceptance
Next, is your decision and acceptance of the Franchise Agreement. Once the agreement has been signed, we will schedule your attendance for the first training session.
What type of territory will my store be in?
Who selects the site where my New Feet Store will be located?
Do I need to personally manage my store or can I hire someone else to do it?
What type of return can I expect on my investment?
Training and Support
Do I need any special training or background to open a New Feet Store?
What kind of franchisee support and training services does The New Feet Store offer?
- Complete corporate and onsite training programs to help you operate your store and accurately assess client needs
- Guidance on site selection, store design, and inventory selection
- Marketing programs and materials to promote your store location effectively
- Continuous research on trends and product development in the arch support and comfort shoes industry
What kind of support can I expect from New Feet Store to open my store?
What are the minimum financial requirements to become a franchisee?
Your capital requirements depend on the number of stores you intend to open. The most important thing is to first build your initial store, emphasizing customer service and managing your day-to-day business—including growing a strong management team. Familiarizing yourself with the local demographics and having a broad-based knowledge of the territory in which you will work are also vital to success and eventual expansion.
Do I need medical training and experience?
How much will my initial investment be?
|Initial Franchise Fee||$29,000|
|Leasehold Improvements||$9,000 to $15,000|
|Furniture and Fixtures||$11,000 to $15,000|
|Signage||$3,000 to $8,000|
|Blue Prints and Plans||$2,000 to $3,000|
|Rental - 3 Months||$7,500 to $15,000|
|Initial Inventory||$32,000 to $40,000|
|Security Deposits||$500 to $1,000|
|Insurance - Annual Premiums||$3,000 to $5,000|
|Grand Opening Promotion||$10,000 to $15,000|
|Trade Show Booth||$10,000 to $15,000|
|Training Expenses||$2,600 to $3,500|
|Computer and Point of Sale System||$2,000 to $5,000|
|Office Equipment and Supplies||$500 to $1,000|
|Licenses and Permits||$250 to $800|
|Professional Fees||$7,000 to $12,000|
|Additional Funds||$25,000 to $35,000|
$154,350 to $218,300
We’ve based the above guidelines and estimates on our experience with our corporate owned New Feet Store. Please consult your CPA, attorney or your business advisor for your particular situation before purchasing the franchise. We are not a lending institution and do not provide financing directly or indirectly for any part of the initial investment. Your ability to secure financing depends upon many factors, such as your credit worthiness and the lending policies of your selected financial institution.
We have developed the estimates based on costs and expenses necessary to establish a New Feet Store that is approximately 700 to 1,000 square feet in a traditional retail strip center location. If you select a territory in a higher cost area, such as a major city mall, you might incur a greater investment cost. If you select a free-standing building, exterior parts of your store might require additional costs for signage and construction.
Besides location, other factors that could influence your cost include:
- Size of The New Feet Store
- State/local taxes
- City code restrictions/requirements
- Local economic conditions
- Real estate and lease provisions
- Materials and labor
If you think The New Feet Store franchise opportunity is right for you, please contact us to take the next step. Complete the information request form and submit it for consideration. If we think you will be right for the New Feet Store system, we will contact you to discuss the steps to franchise (as outlined in the FAQs) and describe the opportunity in more detail. After the mutual qualification process is complete, we will present you with a full set of legal documents to help you make an informed decision.
Prospective franchise owners that are selected for the New Feet Store system will then receive ample support as they choose their retail location, as well as during the store build-out stage, at their Grand Opening, and beyond.
Learn more about whether the New Feet Store franchise program is right for you.
To begin, please complete the information request form.
This advertisement is not an offering. An offering can only be made by a prospectus filed first with appropriate agencies of the respective filing states. Such filing does not constitute approval by such agencies.
This franchise has been registered under the Franchise Investment Law of the State of California. Such registration does not constitute approval, recommendation or endorsement by the Commissioner of Corporations nor a finding by the Commissioner that the information provided herein is true, complete and not misleading.