FAQs
- How much will I pay in royalties? What fees will I pay when I become a City Saver franchisee?
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- Franchise Fee: $25,000
- Initial Term: 10 Years
- Royalty: 6% of Sales
- Coupon Design Fee: $25 per merchant ad in book
- How long will it take to get approved as a franchisee?
- Initial qualification involves a series of background checks and interviews and generally takes 4-6 weeks. After that, training and planning can take another 2-4 weeks.
- How much does a typical City Saver market cost to open?
- Your estimated initial investment to start a City Saver Franchised Business, including the initial franchise fee, is between $34,966 and $48,121.
- What will my sales be?
- City Saver makes an Item 19 financial performance representation in their FDD . You will receive an FDD once you have submitted a completed franchise application. Prospective franchisees are encouraged to conduct their own independent investigation to determine potential sales levels prior to signing any Franchise Agreement.
- How much money will I make? What will be my profit percentage? What are the profit margins of other franchisees? What kind of return on my investment may I expect?
- City saver provides some key cost information in Item 19 in the FDD. Prospective franchisees are encouraged to use this information as they determine whether they believe a coupon book business may be profitable in their area.
- How much will materials and supplies cost? What suppliers should I use?
- You are required to purchase supplies from approved suppliers only. City Saver will provide you with a list of approved suppliers. City Saver provides some key cost information in Item 19 in the FDD.
- Can I use my own ideas?
- Franchisees must sell only approved products. Ideas can be submitted for evaluation by the corporate team but must be approved before implemented.
- What type of marketing materials and support will I receive?
- City Saver is continually working to develop new products and to improve existing products. Franchisees receive a marketing plan as well as order forms for advertising materials and for specific promotions.
- What kind of training does City Saver offer?
- In-House Training: At our corporate headquarters in Brentwood, Tennessee, you will learn from the experts valuable information about the fundraising industry and how City Saver is uniquely positioned for success and growth.
Field-Based Training: Our corporate team will spend time in your market to review the territory and review your strategic plan for growth in you market.
Ongoing Training: Up to 4 days per year including webinars, sales training and conferences.
There is a fee for the training and the Franchisee is responsible for all costs incurred including travel and lodging of the management team.
- Do you have a quality assurance program? Who enforces quality?
- City Saver monitors quality using a variety of programs. One is a customer based shopper program where franchisees receive customer feedback on their experience. Also, the company conducts customer feedback surveys and feedback is given to the operators regarding execution excellence. Franchisees are required to meet certain operating standards as part of their franchise agreement.
- Will I be required to use specific accounting service software?
- City Saver’s FDD describes the type of accounting platform required. You must prepare and keep detailed records regarding all sales and other financial aspects of your business operations.
- Does City Saver provide financing?
- City Saver does not provide financing, however, they do provide a list of banks/financing institutions that have expressed an interest in lending to City Saver franchisees.
- Who should consider buying a City Saver franchise?
- An entrepreneur that understands direct sales, will be "hands-on" and active in their business and in the franchise system.
- Do I have to know how to print a coupon book?
- No. All you have to be able to do is sell free advertising and sell a coupon book fundraiser, we handle everything else for you, including original design of offers, menus and write-ups, compiling your book and printing of your book.
- How long is the term of the franchise?
- The initial term is ten years with two five-year renewal terms.
- Can anyone else sell in my territory?
- City Saver franchisees are granted rights to sell all businesses in their territory as long as the decision-maker or buying officer of the company resides within that territory.