Type Encore Franchise Prices, Charges, Revenues, Income (2023 Overview)

On this unique Franchise Chatter FDD Speak submit, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a Type Encore franchise, based mostly on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise payment, royalty payment, and advertising payment for a Type Encore franchise, based mostly on Gadgets 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned Type Encore retailers at the beginning of the yr and the top of the yr for 2020, 2021, and 2022, based mostly on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on the Type Encore franchise alternative

Part V – Presentation and evaluation of Type Encore’s monetary efficiency representations (common revenues and/or income), based mostly on Merchandise 19 of the corporate’s 2023 FDD, together with info on the:

• 2022 common, median, excessive, and low product sales and common and median gross revenue for the 65 franchised Type Encore Shops in america that had been in operation by the identical franchisee or homeowners for the 12-month interval ended December 31, 2022, grouped by yr opened (2021, 2020, 2019, 2018, 2017, and 2016 and prior)

• 2022 common, median, excessive, and low product sales and common and median gross revenue for the primary, second, third, and fourth quartiles of the 65 franchised Type Encore Shops in america that had been in operation by the identical franchisee or homeowners for the 12-month interval ended December 31, 2022

• quantity and share of franchised Type Encore Shops in america that had been in operation by the identical franchisee or homeowners for the 12-month interval ended December 31, 2022, grouped by vary of product sales ($0 to $250,000; $250,001 to $500,000; $500,001 to $1,000,000; $1,000,001 to $2,000,000; and larger than $2,000,000)

Part VI – Key ratios, comparables, computations, and analyses for the Type Encore franchise alternative (unique content material for Platinum subscribers)

Part I – Type Encore Franchise Prices

• Preliminary Franchise Payment:  $25,000
• Fixtures and Provides:  $40,000 to $55,000
• Indicators:  $8,000 to $12,000
• Safety Cameras:  $1,000 to $5,000
• Level-of-Sale (POS) System:  $21,900 to $28,800
• Leasehold Enhancements:  $10,500 to $20,000
• Construct-Out:  $20,000 to $50,000
• Deposits and Enterprise Licenses:  $3,000 to $12,000
• Opening Stock:  $60,000 to $80,000
• Miscellaneous Pre-Opening Bills:  $35,000 to $65,000
• Hire for First 3 Months:  $15,000 to $24,000
• Extra Funds for 3 Months:  $30,000 to $33,000
• Whole Estimated Type Encore Franchise Prices:  $269,400 to $409,800

Part II – Type Encore’s Preliminary Franchise Payment, Royalty Payment, and Advertising and marketing Payment

• Preliminary Franchise Payment:  $25,000
• Persevering with Payment:  5% of Gross Gross sales
• Advertising and marketing Payment:  $1,500 per yr
• Cooperative Promoting:  most quantity is 5% of Gross Gross sales
• Native Advertising and marketing Bills:  minimal quantity, when mixed with cooperative promoting bills, is 5% of Gross Gross sales
• Promoting Payment:  if Winmark imposes this payment, you’ll pay as much as 2% of Gross Gross sales

Part III – Variety of Franchised and Firm-Owned Type Encore Shops

Franchised

2020

• Shops on the Begin of the 12 months:  68
• Shops on the Finish of the 12 months:  69
• Internet Change:  +1

2021

• Shops on the Begin of the 12 months:  69
• Shops on the Finish of the 12 months:  71
• Internet Change:  +2

2022

• Shops on the Begin of the 12 months:  71
• Shops on the Finish of the 12 months:  71
• Internet Change:  0

Firm-Owned

2020

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Internet Change:  0

2021

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Internet Change:  0

2022

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Internet Change:  0

Part IV – Information Updates on the Type Encore Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Type Encore Franchise (Merchandise 19, 2023 FDD)

• The next is a monetary efficiency illustration titled “Type Encore Assertion of Common Annual Gross sales and Gross Revenue.”

• The gross revenue figures on this Merchandise 19 do mirror the price of gross sales however don’t mirror the working bills that should be deducted from the gross revenue figures to acquire your web earnings or revenue.

• The next assertion of common annual gross sales and gross income contains annual product sales and gross income as reported by the 65 franchised Type Encore Shops positioned in america and Canada that commenced operations in the course of the years 2013 by 2021.

• This assertion contains info from solely these franchised Type Encore Shops positioned in america and Canada that had been in operation for the 12-month interval ended December 31, 2022.

• There aren’t any materials monetary and operational traits of the U.S. Shops that differ materially from the Canadian Shops included on this monetary efficiency illustration.

• No different franchised Type Encore Shops are included on this assertion attributable to inadequate historical past of operations (not in operation by the identical franchisee or homeowners for the 12-month interval ended December 31, 2022 or transferred throughout this era).

• There have been 65 franchised Type Encore Shops which had been in operation by the identical franchisee or homeowners for the 12-month interval ended December 31, 2022. All 65 franchised Type Encore Shops are mirrored within the common.

• This monetary efficiency illustration doesn’t embody info for the 6 Type Encore Shops that opened or transferred in 2022. No Shops closed in 2022 after being opened for lower than 12 months.

Half 1 – Assertion of Common Gross Gross sales and Gross Revenue of the 65 Franchised Type Encore Shops for the Fiscal 12 months Ended December 31, 2022

12 months Opened – 2021

• Variety of Shops Reported:  4
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Gross sales:  1/25%
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Revenue:  1/25%
• 2022 Common Gross Gross sales:  $605,205
• 2022 Median Gross Gross sales:  $460,241
• 2022 Common Gross Revenue:  $352,785
• 2022 Median Gross Revenue:  $300,738
• Common Gross Revenue Proportion:  58.29%
• Gross sales Vary:  $369,028 to $1,131,312

12 months Opened – 2020

• Variety of Shops Reported:  3
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Gross sales:  0/0%
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Revenue:  0/0%
• 2022 Common Gross Gross sales:  $383,533
• 2022 Median Gross Gross sales:  $474,467
• 2022 Common Gross Revenue:  $224,497
• 2022 Median Gross Revenue:  $269,023
• Common Gross Revenue Proportion:  58.53%
• Gross sales Vary:  $156,358 to $519,773

12 months Opened – 2019

• Variety of Shops Reported:  7
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Gross sales:  1/14%
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Revenue:  1/14%
• 2022 Common Gross Gross sales:  $616,899
• 2022 Median Gross Gross sales:  $579,835
• 2022 Common Gross Revenue:  $338,915
• 2022 Median Gross Revenue:  $346,544
• Common Gross Revenue Proportion:  54.94%
• Gross sales Vary:  $199,836 to $1,260,330

12 months Opened – 2018

• Variety of Shops Reported:  8
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Gross sales:  0/0%
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Revenue:  1/13%
• 2022 Common Gross Gross sales:  $616,868
• 2022 Median Gross Gross sales:  $659,800
• 2022 Common Gross Revenue:  $370,219
• 2022 Median Gross Revenue:  $401,368
• Common Gross Revenue Proportion:  60.02%
• Gross sales Vary:  $278,950 to $839,664

12 months Opened – 2017

• Variety of Shops Reported:  8
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Gross sales:  1/13%
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Revenue:  1/13%
• 2022 Common Gross Gross sales:  $716,164
• 2022 Median Gross Gross sales:  $619,175
• 2022 Common Gross Revenue:  $425,530
• 2022 Median Gross Revenue:  $383,661
• Common Gross Revenue Proportion:  59.42%
• Gross sales Vary:  $259,210 to $1,561,421

12 months Opened – 2016 and Prior

• Variety of Shops Reported:  35
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Gross sales:  22/63%
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Revenue:  23/66%
• 2022 Common Gross Gross sales:  $1,073,704
• 2022 Median Gross Gross sales:  $1,036,624
• 2022 Common Gross Revenue:  $638,332
• 2022 Median Gross Revenue:  $621,218
• Common Gross Revenue Proportion:  59.45%
• Gross sales Vary:  $415,063 to $3,009,866

Whole

• Variety of Shops Reported:  65
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Gross sales:  25/38%
• Quantity and Proportion of Shops Attaining or Exceeding Common Gross Revenue:  27/42%
• 2022 Common Gross Gross sales:  $863,594
• 2022 Median Gross Gross sales:  $751,324
• 2022 Common Gross Revenue:  $510,225
• 2022 Median Gross Revenue:  $439,975
• Common Gross Revenue Proportion:  59.08%

• “Gross Gross sales” means all revenues the franchisee receives from the sale of products and companies, whether or not by money or by test, bank card or commerce, in reference to the Retailer, much less gross sales tax and buyer refunds and returns.

• Common Gross Revenue equals Gross Gross sales much less Value of Items Offered. Gross Revenue doesn’t mirror any bills associated to the operation of a Type Encore Retailer apart from Value of Items Offered.

Half 2 – Assertion of Gross sales Ranges by Quartile for the 65 Franchised Type Encore Shops Open on December 31, 2022 That Had Been in Operation for at Least 12 Months by the Similar Franchisee or Homeowners for the 12-Month Interval Ended December 31, 2022

• Quartile refers to that portion of the entire variety of Shops open that represents 25%. For instance, the primary Quartile identifies these Shops that have been within the high 25% of all Shops in Gross Gross sales.

• These outcomes relate to particular Type Encore Shops positioned in america. Your particular person outcomes might differ.

1st Quartile

• Variety of Shops:  16
• 2022 Gross Gross sales Vary by Quartile:  $1,131,312 to $3,009,866
• 2022 Quartile Common Gross Gross sales:  $1,482,912
• 2022 Quartile Median Gross Gross sales:  $1,330,904
• Quantity and Proportion of Shops Attaining or Exceeding Quartile Common Gross Gross sales:  5/31%
• 2022 Quartile Common Gross Revenue:  $859,726
• 2022 Quartile Median Gross Revenue:  $809,321
• Quantity and Proportion of Shops Attaining or Exceeding Quartile Common Gross Revenue:  4/25%
• Quartile Common Gross Revenue Proportion:  57.98%

2nd Quartile

• Variety of Shops:  16
• 2022 Gross Gross sales Vary by Quartile:  $782,641 to $1,127,868
• 2022 Quartile Common Gross Gross sales:  $938,448
• 2022 Quartile Median Gross Gross sales:  $924,159
• Quantity and Proportion of Shops Attaining or Exceeding Quartile Common Gross Gross sales:  8/50%
• 2022 Quartile Common Gross Revenue:  $564,981
• 2022 Quartile Median Gross Revenue:  $565,606
• Quantity and Proportion of Shops Attaining or Exceeding Quartile Common Gross Revenue:  8/50%
• Quartile Common Gross Revenue Proportion:  60.20%

third Quartile

• Variety of Shops:  16
• 2022 Gross Gross sales Vary by Quartile:  $568,851 to $751,324
• 2022 Quartile Common Gross Gross sales:  $648,568
• 2022 Quartile Median Gross Gross sales:  $639,252
• Quantity and Proportion of Shops Attaining or Exceeding Quartile Common Gross Gross sales:  7/44%
• 2022 Quartile Common Gross Revenue:  $383,403
• 2022 Quartile Median Gross Revenue:  $392,270
• Quantity and Proportion of Shops Attaining or Exceeding Quartile Common Gross Revenue:  9/56%
• Quartile Common Gross Revenue Proportion:  59.12%

4th Quartile

• Variety of Shops:  17
• 2022 Gross Gross sales Vary by Quartile:  $156,358 to $555,444
• 2022 Quartile Common Gross Gross sales:  $412,634
• 2022 Quartile Median Gross Gross sales:  $415,063
• Quantity and Proportion of Shops Attaining or Exceeding Quartile Common Gross Gross sales:  9/53%
• 2022 Quartile Common Gross Revenue:  $249,112
• 2022 Quartile Median Gross Revenue:  $269,023
• Quantity and Proportion of Shops Attaining or Exceeding Quartile Common Gross Revenue:  10/59%
• Quartile Common Gross Revenue Proportion:  60.37%

Half 3 – Variety of Shops, Common and Median Gross Gross sales, Lowest and Highest Gross Gross sales Quantity in Every Vary, and Proportion of Whole Variety of Shops That Fell Inside Sure Ranges of Gross Gross sales for 2022

• Primarily based on info reported by the 65 Type Encore Shops which had been in operation by the identical franchisee or proprietor for the 12-month interval ended December 31, 2022, the next chart units forth the variety of Shops, common and median Gross Gross sales, the bottom and highest Gross Gross sales quantity in every vary, and the share of whole variety of Shops that fell inside sure ranges of Gross Gross sales for 2022:

2022 Vary of Gross Gross sales:  $0 to $250,000

• Variety of Shops Falling Inside Vary:  2
• Common Gross Gross sales for Shops Inside Vary:  $178,097
• Quantity and P.c of Shops Exceeding Common Gross Gross sales for Shops Inside Vary:  1/50%
• Gross Gross sales for Lowest Retailer Inside Vary:  $156,358
• Gross Gross sales for Highest Retailer Inside Vary:  $199,836
• Median Gross Gross sales for Shops Inside Vary:  $178,097
• P.c of Whole Variety of Shops (65) Inside Vary:  3.08%

2022 Vary of Gross Gross sales:  $250,001 to $500,000

• Variety of Shops Falling Inside Vary:  9
• Common Gross Gross sales for Shops Inside Vary:  $383,967
• Quantity and P.c of Shops Exceeding Common Gross Gross sales for Shops Inside Vary:  5/56%
• Gross Gross sales for Lowest Retailer Inside Vary:  $295,210
• Gross Gross sales for Highest Retailer Inside Vary:  $498,020
• Median Gross Gross sales for Shops Inside Vary:  $391,548
• P.c of Whole Variety of Shops (65) Inside Vary:  13.85%

2022 Vary of Gross Gross sales:  $500,001 to $1,000,000

• Variety of Shops Falling Inside Vary:  32
• Common Gross Gross sales for Shops Inside Vary:  $694,463
• Quantity and P.c of Shops Exceeding Common Gross Gross sales for Shops Inside Vary:  13/41%
• Gross Gross sales for Lowest Retailer Inside Vary:  $504,904
• Gross Gross sales for Highest Retailer Inside Vary:  $982,944
• Median Gross Gross sales for Shops Inside Vary:  $678,371
• P.c of Whole Variety of Shops (65) Inside Vary:  49.23%

2022 Vary of Gross Gross sales:  $1,000,001 to $2,000,000

• Variety of Shops Falling Inside Vary:  20
• Common Gross Gross sales for Shops Inside Vary:  $1,252,906
• Quantity and P.c of Shops Exceeding Common Gross Gross sales for Shops Inside Vary:  10/50%
• Gross Gross sales for Lowest Retailer Inside Vary:  $1,020,901
• Gross Gross sales for Highest Retailer Inside Vary:  $1,667,854
• Median Gross Gross sales for Shops Inside Vary:  $1,241,997
• P.c of Whole Variety of Shops (65) Inside Vary:  30.77%

2022 Vary of Gross Gross sales:  $2,000,000 to $3,000,000

• Variety of Shops Falling Inside Vary:  1
• Common Gross Gross sales for Shops Inside Vary:  $2,030,919
• Quantity and P.c of Shops Exceeding Common Gross Gross sales for Shops Inside Vary:  1/100%
• Gross Gross sales for Lowest Retailer Inside Vary:  $2,030,919
• Gross Gross sales for Highest Retailer Inside Vary:  $2,030,919
• Median Gross Gross sales for Shops Inside Vary:  $2,030,919
• P.c of Whole Variety of Shops (65) Inside Vary:  1.54%

2022 Vary of Gross Gross sales:  Larger Than $3,000,000

• Variety of Shops Falling Inside Vary:  1
• Common Gross Gross sales for Shops Inside Vary:  $3,009,866
• Quantity and P.c of Shops Exceeding Common Gross Gross sales for Shops Inside Vary:  1/100%
• Gross Gross sales for Lowest Retailer Inside Vary:  $3,009,866
• Gross Gross sales for Highest Retailer Inside Vary:  $3,009,866
• Median Gross Gross sales for Shops Inside Vary:  $3,009,866
• P.c of Whole Variety of Shops (65) Inside Vary:  1.54%

Part VI – Type Encore Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️