It's interesting they're promoting the franchises again. They laid off some of the top staff in that division last year.
The West Coast Franchises (Conroy's) have been closing at a fast clip over the last couple years.
It's my understanding those Boston franchises are spokes of the LFC hub and were required to be opened as part of the LFC agreement. Anybody got any updated info on this?
I don't know the franchise cost today, but a Conroy's franchise was about about $500K in the 80's - for fees, building, inventory and training. The franchisor (now 1-800-flowers) gets 10.75% of gross sales.
Ooop - just found a page about the franchise costs on the 1-800-flowers site. Total minimum cost: $201,500 - $478,250*
So the kid Jose' will get a 5-10% or so discount on a franchise with Chris' $25,000 pledge.
The West Coast Franchises (Conroy's) have been closing at a fast clip over the last couple years.
It's my understanding those Boston franchises are spokes of the LFC hub and were required to be opened as part of the LFC agreement. Anybody got any updated info on this?
I don't know the franchise cost today, but a Conroy's franchise was about about $500K in the 80's - for fees, building, inventory and training. The franchisor (now 1-800-flowers) gets 10.75% of gross sales.
Ooop - just found a page about the franchise costs on the 1-800-flowers site. Total minimum cost: $201,500 - $478,250*
So the kid Jose' will get a 5-10% or so discount on a franchise with Chris' $25,000 pledge.