Start a The Yak Shak Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $114K - $534K

Units as of 2021: 1

The Yak Shak believes it is a demonstrated expert of sporting equipment set on conquering the southern United States with various kayaks, canoes, and outdoor gear. The Yak Shak may be known for its range of clothing, merchandise, paddles, rods and reels, and electronics.

Founded in 2019, The Yak Shak started their journey thanks to founder Allen Norris and his love of the outdoors in Pelham, Alabama. Enhancing the kayaking community one stroke at a time, your Yak Shak franchise could be next.

The Yak Shak began franchising in 2021 and is actively looking to expand its reach.

Why You May Want To Start The Yak Shak Franchise

The Yak Shak is looking for a franchisee dedicated to outstanding service, authenticity, and connection to the community. The ideal candidate for the Yak Shak is resourceful, timely, strategic, and persistent. If this tenacious spirit of ingenuity sounds like you, partnering with the Yak Shak business model is easier than ever.

The potential responsibilities of a The Yak Shak franchisee include engaging with customers and clients, developing marketing strategies, and overseeing day-to-day operations.

The Yak Shak strives to bring together outdoor enthusiasts and builds a fellowship around preserving natural waterways. The Yak Shak storefronts are designed to operate out of various sized facilities depending on the range of items provided and the surrounding natural areas you have in your community.

What Might Make The Yak Shak a Good Choice?

Opening a The Yak Shak franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

To be part of The Yak Shak 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.

How To Open a The Yak Shak Franchise

As you decide if opening a The Yak Shak franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a The Yak Shak franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement with The Yak Shak, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask The Yak Shak franchising team questions.

The Yak Shak provides franchisees with a team of business experts ready and geared to tackle any of your startup needs. The corporate crew may provide support in real estate, construction, operations, and marketing through their combined management expertise. With a splash of design and powerful leadership, franchisees can create impactful changes to their environment and provide enriching experiences with The Yak Shak.

Company Overview

About The Yak Shak

Industry	Recreation
Related Categories	Sports Equipment & Apparel, Miscellaneous Recreation Businesses, Recreational Rentals, Miscellaneous Retail Businesses, Retail
Founded	2019
Leadership	Jessica Norris, President
Corporate Address	2649 Pelham Pkwy. Pelham, AL 35124
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	2021 (3 years)
# of employees at HQ	6
Where seeking	This company is offering new franchises throughout the US.
# of Units	1 (as of 2021)

Information for Franchisees

Here's what you need to know if you're interested in opening a The Yak Shak 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.	$20,000
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.	$114,200 - $534,000
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.	3%
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%
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.	5 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	The Yak Shak 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	44 hours
Classroom Training	44 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Grand Opening Security & Safety Procedures Lease Negotiation Field Operations Site Selection
Marketing Support	Ad Templates National Media Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	Yes
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.	Yes
# of employees required to run	3-5
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.	No