Create your very own Teddy Bear and other stuffed animals at the Build-A-Bear Workshop! You can choose, stuff, stitch, fluff and dress your new furry friend. Each Teddy Bear and stuffed animal will have it's very own heart inside. Exclusive Build-A-Bear Workshop franchises are available in countries outside United States, Puerto Rico, Canada and the United Kingdom. Currently, all Build-A-Bear Workshop locations in the United States, Puerto Rico, Canada and the United Kingdom, as well as all friends 2B made® locations, are company owned and operated and are not franchised. Great international franchise opportunities are available for this unbelievably popular retail concept.
Franchising Tips and Facts
Franchising is a way of doing business. It is a method and marketing tool for companies to expand their market share more rapidly and less expensively. Some companies, which are thought to be franchises, are in fact not franchises. All stores are owned and operated by the company itself Some examples of businesses that are not franchises are: Starbucks, Gap, Victoria's Secret.
Although the success rate for franchise-owned business is generally better than the success rate for many independent businesses, there is no franchise formula to guarantee victory. The same may also be said of the profits generated. Often the margins you make are a reflection of your ability to properly run your franchise, however you may be able to get a document from the franchisor that illustrates the typical franchise earnings. If the franchisor does not provide such a document, you should contact a number of franchisees in the market you are interested in and seek their advice on the business' profitability.
When considering a Build-A-Bear Workshop franchise, try to understand why they are offering you the business in the first place. Very often, franchising is an extremely quick low-risk method of expanding a successful business across the world. As a franchisee, you take on the majority of financial risk. In return the franchisor is offering a successful business formula that has been proven to work. But before you go ahead, ask yourself whether the support, training, stock, experience and brand name justifies the investment asked.
Can you own another franchise at the same time? Most likely, you will be restricted from purchasing a franchise from franchisor that would be a direct competitor to a Build-A-Bear Workshop franchise. However, you may be allowed to purchase a franchise of another type.
According to the Small Business Administration, less than 5% of all franchise units fail each year. This is compared to 30 to 35 percent of small businesses which fail within the first year of operation. However, owning a Build-A-Bear Workshop franchise is not a guaranteed recipe for success. You will still have to comit yourself, your time, and perhaps even make some personal sacrifices in order to succeed.
Please Note: Build-A-Bear Workshop, and other franchise opportunities, business opportunities,
businesses and franchises for sale on this web site are not to be
considered as an "offering," suggestion or approval by
ActiveFranchising.com. As always, we recommends seeking the advice of a lawyer, financial consultant or
accountant before purchasing a franchise or business opportunity.
