Complete Nutrition Franchise Costs & Fees
Date of Incorporation: 2004
Franchising Since: 2007
Headquarters: Omaha, Nebraska
Business Description: The franchised business is a mobile business for the retail sale and installation of blinds and other window coverings. Budget Blinds’ parent company is Home Franchise Concepts, Inc.
Franchise Offer: The franchisor grants franchises and development rights for retail stores offering nutritional supplements, health and beauty products and other related items to the general public under its Marks and according to its System. The franchisor offers single store and multi-unit development rights.
Financial Assistance: The franchisor does not offer direct financing. The franchisor does not guarantee franchisees’ note, lease or obligation.
Training and Assistance: Upon signing the Franchise Agreement, franchisees will be given access to Become Complete University, an online set of courses that comprise a part of the initial training program. The franchisor may require franchisees to complete certain portions of Become Complete University prior to their attendance at Franchise Boot Camp (the in-person initial training program). Franchise Boot Camp consists of classes conducted at the franchisor’s corporate headquarters in Omaha, Nebraska or other designated locations. The training covers the basic aspects of establishing and operating a Complete Nutrition Store. The duration of this training will depend upon the franchisee’s experience, aptitude, and progress. Franchise Boot Camp is anticipated to last for at least 5 days, or until the franchisor feels the franchisee is fully competent to operate an independent franchise. The franchisor may also offer additional mandatory, optional, refresher, advanced or other training programs or seminars from time to time, addressing common problems experienced by franchisees or addressing new products, services, or techniques to be utilized by its franchisees. The franchisor currently holds an annual convention in Omaha, Nebraska, which is mandatory for all franchisees or their designated managers. The annual convention is intended to offer additional training and certifications to franchisees.
Territory: Franchisees will operate a Store only at an approved site identified in the Franchise Agreement. Franchisees may not conduct business at any site other than the Store. Franchisees will be granted a territory, which will be determined when the franchisee and the franchisor both agree on the site. The territory will be tailored to the specific site’s demographics (there is no minimum geographic territory). A typical Territory is comprised of the lesser of a 2-mile radius around the Store or a geographic radius around the Store encompassing a population of approximately 60,000. So long as the Franchise Agreement is in force and the franchisee is not in default under it or any other agreement with the franchisor or any affiliate, neither the franchisor nor its affiliates will own or operate or franchise or license others to own or operate a Complete Nutrition Store within the territory.
Term of Agreement and Renewal: The length of the initial franchise term is 10 years from the date the store opens. Two additional 10-year terms are available, if requirements are met.
Obligations and Restrictions: Franchisees (or the Managing Owner if franchisees are an entity) must personally supervise the operation of the Store. The franchisor requires franchisees (or their Managing Owner) to devote their full time energy and best efforts to managing the Store. As a result, franchisees (or their Managing Owner) will have to keep free from conflicting enterprises or any other activities which would interfere with their (or their Managing Owner’s) exertion of full-time and personal best efforts to operate the Store. If franchisees are an entity, the Managing Owner must own, directly or indirectly, at least 10% of the franchise’s ownership interests. Franchisees require franchisees to offer and sell only those goods and services that the franchisor has approved. Franchisees are prohibited from offering or selling any products or services not authorized or approved by the franchisor and from using the premises for any other purpose than the operation of a Complete Nutrition Store in compliance with the Franchise Agreement.
Estimated Number of Units: 160
|Name of Fee||Low||High|
|Initial Franchise Fee||$49,500||$49,500|
|Licenses and Dues||$350||$350|
|Furniture and Fixtures||$17,450||$25,450|
|Computer Hardware and Software||$5,525||$13,225|
|Travel and Living Expenses While Training||$1,250||$2,000|
|Marketing Opening Expenses||$5,000||$15,000|
|Additional Funds (first 3 months)||$15,500||$41,500|
|Type of Fee||Amount|
|Franchise Royalties||Franchise Royalties range from 8% to 9% of the Gross Sales depending on percentage of R2 Products (as defined in the Franchise Agreement) sold.|
|Advertising Cooperative Contributions||Monthly payment: $1,000 until franchisor has 1500 franchise agreements. $1,500 from then on.|
|Marketing Spending Requirement||3% of the Store’s Gross Sales during the prior month.|
|Additional Training and Assistance||Reasonable fee and expenses; currently, $250 per day plus expenses.|
|Relocation Fee||Up to $3,000|
|Successor Franchise Fee||50% of the then current Initial Franchise Fee.|
|Late Charge||1.5% per month or maximum legal rate.|
|Audit||Cost of audit.|
|Franchise Convention||Up to $500 per person attending.|
|Product Purchases||Varies based on quantity purchased.|
|Liquidated Damages for Violation of Manual||$100 to $1,000 per day.|
|Liquidated Damages Upon Termination||Average amount of monthly royalty fees and fees for prior twelve months, multiplied by the number of months remaining in the term.|
|Indemnification||Will vary under circumstances.|
|Costs and Attorneys’ Fees||Will vary under circumstances.|
The above information has been taken from the FDD of Complete Nutrition. Year of FDD: 2015
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