Start a Fancy Art, N.F.P. Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $105K - $206K

Units as of 2022: 2 0.0% over 3 years

Fancy Art, N.F.P. is a retail company specializing in providing high-quality framing for artwork and photographs. Founded in Illinois, Fancy Art, N.F.P. has been in business since 1992. The “N.F.P.” in Fancy Art, N.F.P. stands for Not Fancy Prices, potentially indicating that customers may not only be of the 1%.

Fancy Art, N.F.P. has over 10,000 pieces of artwork to choose from and over 4,000 different moldings selections for custom framing. They hope this will allow them to suit every taste and budget. They may even let customers borrow artwork and test it out in their environment so they can be sure they’re making the right decision.

If customers want to frame their own picture instead, they can submit their artwork or photographs online. Fancy Art, N.F.P. will ‘lift the inks off the paper,’ put it on canvas and make it look like an oil painting.

Why You May Want To Start a Fancy Art, N.F.P Franchise

Becoming a Fancy Art, N.F.P. franchisee may let you assist customers who have never done custom framing in making the art on their walls reflect their lifestyle and values. You’ll specialize in helping people turn their vacation memories, including both photos and purchased items, into art for their homes.

Fancy Art, N.F.P. is an excellent choice for franchisees who wish to be surrounded by beautiful artwork and soft music at their store. You may have the chance to deal with sophisticated clientele who appreciate the finer things in life and have the disposable income to afford them.

Opening a Fancy Art, N.F.P. franchise may allow you to rely on word of mouth for publicity, as your work will be displayed prominently in homes and offices.

What Might Make a Fancy Art, N.F.P. Franchise a Good Choice?

Fancy Art, N.F.P. has a proprietary order management system that may allow customers to easily select options and make changes until they find something that suits their tastes and budget. This business model is in place to allow orders to be uploaded to a production facility, where the majority of the work is completed. The production facility may include framing, matting, and glass fabrication that meet the order specifications.

Finally, the framed artworks or photographs are returned to the franchisee’s shop for final fitting and delivery. In short, you may not have to worry about purchasing the necessary equipment to do most of the production process.

To be part of the Fancy Art, N.F.P. team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. You will also have to meet the company’s set net worth and liquid capital requirements.

How To Open a Fancy Art, N.F.P Franchise

Before committing to opening a Fancy Art, N.F.P. franchise, you should research the brand and your local area. Find out whether your local area is close to homes and businesses that are likely to hang paintings or photographs on their walls.

If awarded a franchise, franchisees receive a great deal of support from the Fancy Art, N.F.P. company throughout the franchising process, including both classroom and on-the-job training. Fancy Art, N.F.P. will also give franchisees location guidelines and assist you in location selection.

Company Overview

About Fancy Art, N.F.P.

Industry	Retail
Related Categories	Miscellaneous Retail Businesses, Framing Stores, Miscellaneous Services
Founded	1992
Parent Company	Global Market Ventures Inc.
Leadership	George Vodin, President & CEO
Corporate Address	113 E. Main St. Barrington, IL 60010
Social	Facebook, LinkedIn, YouTube, Pinterest

Business Overview

Franchising Since	2008 (16 years)
# of employees at HQ	5
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
# of Units	2 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Fancy Art, N.F.P. franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$24,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$104,700 - $206,100
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$250,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$30,000 - $50,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	$5,000 off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Fancy Art, N.F.P. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	48 hours
Classroom Training	48 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	2
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes