In order to open a new or existing Sears Hometown Store, Sears Home Appliance Showroom, or Sears Appliance & Hardware Store, franchisee and dealer prospects must meet certain minimum financial qualifications.
The following costs to acquire an existing Sears Home Appliance Showroom are excerpted from the Franchise Disclosure Document and are estimated. See Item 7 of the Franchise Disclosure Document for more details.
The initial franchise fee to become a Sears Home Appliance Showroom franchisee is $25,000. Additionally, for a single-unit retail franchise opportunity, potential franchisees should possess cash liquidity of $125,000 and a net worth of at least $300,000. For multi-unit retail franchise opportunities, candidates should possess cash liquidity of $250,000 and a net worth of at least $600,000.
| Type of Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $25,000 | $25,000 |
| Three Months Rent | $25,000 | $75,000 |
| Asset Purchase Price | $150,000 | $750,000 |
| Legal/Initiation Fee | $0 | $25,000 |
| Initial Training: Travel and Living Expenses | $2,500 | $3,000 |
| Insurance Premiums | $5,000 | $10,000 |
| Additional Funds - Three Months | $75,000 | $125,000 |
| TOTAL | $282,500 | $1,013,000 |
*For complete investment information and a franchise packet, please request more information.
The following costs to purchase a NEW Sears Home Appliance Showroom are excerpted from the Franchise Disclosure Document and are estimated. See Item 7 of the Franchise Disclosure Document for more details.
The initial franchise fee to become a Sears Home Appliance Showroom franchisee is $25,000. Additionally, for a single-unit retail franchise opportunity, potential franchisees should possess cash liquidity of $125,000 and a net worth of at least $300,000. For multi-unit retail franchise opportunities, candidates should possess cash liquidity of $250,000 and a net worth of at least $600,000.
| Type of Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $25,000 | $25,000 |
| Three Months Rent | $25,000 | $75,000 |
| Leasehold Improvements | $150,000 | $750,000 |
| Furniture and Fixtures | $25,000 | $100,000 |
| Computer System and Office Equipment | $15,000 | $25,000 |
| Opening Supplies | $2,500 | $5,000 |
| Legal/Initiation Fees | $0 | $25,000 |
| Initial Training: Travel and Living Expenses | $2,500 | $3,000 |
| Insurance Premiums | $5,000 | $10,000 |
| Additional Funds – Three Months | $75,000 | $125,000 |
| TOTAL | $325,000 | $1,151,000 |
*For complete investment information and a franchise packet, please request more information.
The following costs to acquire an existing Sears Appliance & Hardware franchise are excerpted from the Franchise Disclosure Document and are estimated. See Item 7 of the Franchise Disclosure Document for more details.
The initial franchise fee to become a Sears Appliance & Hardware franchisee is $25,000. Additionally, for a single-unit retail franchise opportunity, potential franchisees should possess cash liquidity of $125,000 and a net worth of at least $300,000. For multi-unit retail franchise opportunities, candidates should possess cash liquidity of $250,000 and a net worth of at least $600,000.
| Type of Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $25,000 | $25,000 |
| Three Months Rent | $30,000 | $175,000 |
| Asset Purchase Price | $20,000 | $1,600,000 |
| Legal/Initiation Fees | $10,000 | $25,000 |
| Initial Training: Travel and Living Expenses | $2,000 | $5,000 |
| Insurance Premiums | $10,000 | $20,000 |
| Additional Funds – Three Months | $15,000 | $35,000 |
| TOTAL | $112,000 | $1,885,000 |
*For complete investment information and a franchise packet, please request more information.
The following costs to open a new Sears Hometown Store are estimated. Actual costs depend on many factors including actual square footage, merchandise assortment and geographic location.
There is not an initial licensing fee to become a Sears Hometown Store Authorized Owner. Prospective owners who wish to open a new store must have $25,000 cash available and the ability to borrow $100,000 in capital.
| Type of Expenditure | Low |
|---|---|
| Interior Fixtures Required by Sears | $32,000 |
| POS, Office Equipment, and Furniture Required by Sears | $25,000 |
| Leasehold Improvements | $25,000 |
| Initial Insurance Fees (per contract) | $6,000 |
| Utility Deposits | $1,000 |
| Initial Permits and Fees | $500 |
| Start-up Travel and Training | $1,500 |
| Legal and Professional Fees | $1,500 |
| Miscellaneous | $3,500 |
| TOTAL | $96,000 |
*For a complete investment overview, please request more information.
Interested in a Sears retail franchise or Hometown Stores opportunity? Download our Business Kit today.
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This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only.
Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre sale registration and disclosure requirements in your jurisdiction.
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