In order to open a new or existing Sears Appliance Showroom, Sears Appliance & Hardware Store or Sears Auto Center, franchisee 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 initial franchise fee to become a Sears Auto Center franchisee is $35,000. Additionally, potential franchisees should possess cash liquidity of $250,000 and a net worth of between $400,000 - $500,000.
*For complete investment information and a franchise packet, please request more information.
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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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