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Hello teillon-ga,
Here is my clarification posted as answer, with some additional info.
There are not too many wireless franchise players in the field.
You're looking at basically Wireless Toyz, @Wireless, and
Wirelesszone.com. There's also supertelwireless.com, but their email
doesn't seem to be functioning.
Wireless Toyz seems to have a bona-fide, ready-to-go layout.
"WIRELESS TOYZ has designed a franchise package that has
revolutionized the retail cellular industry. A WIRELESS TOYZ franchise
opportunity requires an estimated minimum of $85,110 in total startup
costs. A franchise owner may not be a full time employee for their
franchises to make money. However, the owner is expected to take an
active role with the store, developing the franchise and marketing the
product. We will train the store manager and staff while providing
ongoing assistance.
Financially, each WIRELESS TOYZ store will achieve different results,
depending on location and size. The gross profit margins before
overhead costs are approximately 45% of sales on average. Depending on
your overhead costs, inventory, management, wages, salaries and
location, your profits will vary. Several WIRELESS TOYZ franchises
have recouped their entire investment in their first year of
operation."
It's more like $100K to $200K in startup. Becoming a rep for them
will afford you authorized agent status with Sprint, AT&T, Nextel, and
T-Mobile.
Expenditure, revenue and earnings numbers will vary a bit depending
upon the store. But here are some hard averages:
You can expect to see $360,000 per year in gross revenues from a store
that's on the low end of the $600K per year average, and $1.5M per
year on the high end.
Total costs average about 55%. So $198,000 on the low end and
$825,000 on the high end.
Rent will be anywhere from $3K-$5K per month.
Advertising is typically 5% of your sales.
Wages vary too much to even consider a general figure.
Can you expec to make $100K/year? Not unreasonable, if you keep an
eye on your costs.
You want to contact Richard in the Franchise Division of Wireless Toys
at 866-get-toyz or on his cell at 248-562-4097. Once you've expressed
interest in having a store, they will share more particulars with you
[it's undisclosed until that time].
I also consulted with Wireless Zone, who is expected to move into the
Georgia region in probably 6-12 months. You can expect to see
$7500-$11,250/month as a typical minimum in gross profits for phones
alone, and then there is a a $5000-$13,000 gross profit potential in
accessories. Then there are residual income opportunities on phone
usage bills for people you sign up. These are gross profit numbers
only. See more info at http://www.wirelesszone.com.
As far as obtaining numbers from mom-and-pop cell stores directly, I
don't see how that's possible, because a store has no idea if they're
charitably giving this information to a potential competitor.
I've also located a Alliance Wireless as having some sort of
open-a-store
-in-30-days program. You can see this at
http://alliancewireless.biz/estore.asp. They have a working phone
number at the bottom of their site, but other aspects of the site as a
whole are missing/dysfunctional.
Search Terms:
wireless franchise
"wireless franchise"
wireless franchises
Additional Links:
The Wireless Way by Matt Carreon (6/02)
Entrepreneur Magazine
http://www.entrepreneur.com/Magazines/Copy_of_MA_SegArticle/0,4453,299758----1-,00.html
Wireless Week
www.wirelessweek.com Thanks,
jbf777-ga
GA Researcher |