Start a Farm Stores Franchise in 2024

2024 Franchise 500 Rank: N/R Ranked #369 last year

Initial investment: $145K - $943K

Units as of 2024: 41 0.0% over 3 years

Farm Stores is a unique business that helps clients shop for groceries, baked products, restaurant-quality meals, and snacks. The stores are usually small, and their drive-thru concept offers customers fast shopping options to get fresh products and enjoy friendly service.

Fram Stores has been in operation since 1957 and began franchising in 2015. There are over 40 franchises spread throughout the United States. An ideal franchisee has previous managerial and retail experience, is willing to learn and apply the business model, and has excellent interpersonal skills.

Why You May Want to Start a Farm Stores Franchise

Farm Stores may be different from their competitors because they are a drive-thru type of convenience store. They use the best practices and 'green' technology in their business and are a verified member of the Franchise Registry.

As a Farm Stores franchisee, you will ensure that customers get fresh produce and enjoy fast and friendly customer service. This business model has been tried and tested. It has been used for decades, and improvements may be applied to appeal to customers as markets change.

Customers may love Farm Stores because they offer a convenient way to shop for healthy products. There is no crowding, pushing shopping carts, or waiting in line. The grocery shopping is brought directly to their car. While "shopping," customers can also grab hot and healthy snacks. Your community will enjoy the convenient way to shop, as well as the excellent customer service for which Farm Stores may be known.

What Might Make a Farm Stores Franchise a Good Choice?

To be part of the Farm Stores 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 include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. Veterans may qualify to receive a discount on the initial franchise fee.

Farm Stores has partnered with third-party sources that may help franchisees cover the franchise fee, startup cost, equipment, and inventory.

How To Open a Farm Stores Franchise

To get started on the process of opening a Farm Stores franchise, fill out a request form. Once that is completed, you may have an introductory phone call with a Farm Stores representative to discuss your goals and how they align with the brand. If you're still interested in the opportunity and meet the qualifications, you may be invited to attend discovery day at company headquarters in Coconut Grove, Florida.

Before going to the Farm Stores headquarters, you may need to complete a personal profile form and review the Franchise Disclosure Document. You should also conduct your due diligence and then prepare your business plan.

Farm Stores will make a final decision, and if you are presented with the opportunity to own a Farm Stores franchise, you may sign the franchise agreement and proceed with site selection. After your grand opening, you can serve your market and grow your location.

Company Overview

About Farm Stores

Industry	Food
Related Categories	Miscellaneous Food/Beverage Businesses, Convenience Stores, Miscellaneous Retail Businesses
Founded	1957
Parent Company	Farm Stores Franchising
Leadership	Maurice Bared, CEO
Corporate Address	2937 S.W. 27th Ave., #301 Coconut Grove, FL 33133
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	2015 (9 years)
# of employees at HQ	6
Where seeking	This company is offering new franchises in the following US states: Arizona, Florida, Georgia, New Jersey, Pennsylvania, Texas
# of Units	41 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Farm Stores 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.	$25,000
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.	$145,400 - $943,200
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.	$150,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	20% off first-unit 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.	6%
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.	1%-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	Farm Stores has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

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	18 hours
Classroom Training	40 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 Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

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	5
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