Store opening investment: 450€ per sq. m including the purchase of furniture for the store and the stockroom, equipment and communication tools for the sales area, tech package, store design and planning. Further details will be given during the interview.
Maximum duration of the franchise agreement: 8 years.
Fees and royalties: no.
Deposit: yes, totaling 3% of the estimated yearly budget for the store according to the franchise agreement. When the store is opened the deposit is refunded.
Guarantees: yes, they must be given as bank deposits or bank guarantee, whose total amount will depend on each single case but with a minimum amount of 120,000 Euros.
Rent: to be borne by the franchisee.
Personnel Costs and Shop Management: to be borne by the franchisee.
Merchandise management and supply: to be borne by Gruppo Teddy for delivery to store (for EU countries) and to Customs (for extra-EU countries). Unsold stock will be collected at the end of the season.
Estimated time for the activities linked to store opening: from 4 to 6 months after the franchise pre-contract is signed and the deposit is paid, depending on whether the store is located in an EU country or extra-EU country.