How do I finance my Wild Cards & Gifts franchise?
Buying into a franchise business is often seen to be more stable than opening an independent small business as you are buying into a proven business model.
Tips for when you’re looking at financing your franchise:
- Assess your net worth
- Look at how much you are able to borrow from your financial institution
- Get good finance advice, be it from your accountant, financial institution or a trusted business advisor
Wild Cards & Gifts is an established franchise network in Australia and is well-known with the major banks. Wild Cards & Gifts is also an accredited franchise system with ANZ.
Talk to our franchise recruitment team to discuss your options.
What are the setup costs?
Estimated Capital Requirements:
The costs associated with establishing a Wild Cards & Gifts franchise will greatly depend on the tenancy size and level of fit-out and stock required. It typically ranges from $250,000 – $400,000+. In addition, landlords often require a bank guarantee usually equivalent of up to 3 months’ base rent and first month’s rent paid prior to opening for trade.
Initial Franchise Fee:
| Documentation fee Covers legal costs of franchisor drawing up Franchise Agreement. | $5,000 +GST |
| Initial franchise fee 5 year franchise agreement with a further 5 year term allowing you licence to trade under the Wild brand and franchise model | $15,000 +GST |
| Training fee fee Full induction with your Business Manager plus one week training to be conducted at Head Office | $10,000 +GST |
| Site selection fee Assistance with site selection and lease negotiation | $2,000 +GST |
| Project Management fee Project management of store opening including design and store fitout | $7,000 +GST |
| Opening promotional fee Full amount spent on opening marketing for the store | $3,000 +GST |
| Total | $42,000 +GST |
Ongoing weekly service fee:
Once a franchise is operating, franchisees remit a weekly service fee of 4% +GST of ‘Gross Sales’. This enables franchisees to receive the benefits that flow from participation in the Wild Cards & Gifts group including operation and marketing support and access to our group buying power.
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