KaBloom Franchise
Thursday, May 13, 2010 at 02:32PM Flower shops
KaBloom was founded by Thomas Stemberg, CEO of Staples, and David Hartstein, co-founder of Super Office, an Israeli office supply chain. Inspired by European flower shops, KaBloom locations carry as many as 250 varieties of fresh-cut flowers, all bought directly from growers.
Start-up Costs & Franchises Fees
What is the total cost to open a KaBloom Franchises?
Total Cost: $176,000 USD -$302,000 USD
Total Franchise Fees: $30,000 USD
Ongoing Royalty Fees: 4.5-5.5%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Contact Information for KaBloom
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KaBloom |
Phone Number: (781)935-6500 |
KaBloom In the Press
No results at this time.Historical Expansion
In what year did KaBloom begin operations? 1998
When did KaBloom begin selling franchises? 2001
Year United States Canada International Corporate 2005 116 0 0 7 2004 68 0 0 11 2003 31 0 0 9 2002 11 0 0 19 2001 0 0 0 34
Future Expansion
United States: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No Yes
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
50% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 3
Absentee ownership of franchise is allowed. (85% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes