- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$116K - $2.2M
- Units as of 2014
-
333
Company Overview
About Sears Hometown & Outlet Stores
| Industry | Retail |
|---|---|
| Related Categories | Miscellaneous Retail Businesses |
| Founded | 1990 |
| Leadership | Bruce Johnson, CEO |
| Corporate Address |
5500 Trillium Blvd., #500 Hoffman Estates, IL 60192 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 2009 (15 years) |
|---|---|
| # of employees at HQ | 300 |
| # of Units | 333 (as of 2014) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Sears Hometown & Outlet 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
|
$25,000 |
|---|---|
|
Initial Investment
|
$116,000 - $2,208,000 |
|
Net Worth Requirement
|
$600,000 |
|
Cash Requirement
|
$250,000 |
|
Term of Agreement
|
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.
| In-House Financing | Sears Hometown & Outlet Stores offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory |
|---|---|
| Third Party Financing | Sears Hometown & Outlet Stores has relationships with third-party sources which offer financing to cover the following: startup costs, equipment |
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 | 2 weeks |
|---|---|
| Classroom Training | 1 week |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
|
| Marketing Support |
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where Sears Hometown & Outlet Stores landed on this year's Franchise 500 Ranking versus previous years.
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