Do you have an eye for fashion? Scout & Molly’s provides the opportunity to combine your passion for fashion and entrepreneurship in an excellent franchise opportunity! A few frequently asked question are:
- Frequently Asked Questions
- 1. What investment is required?
There are the costs associated with the initial set up, inventory, furniture, fixtures, equipment, technology and more. Total Estimated Single Unit Investment:: $300,000.00 to $350,000.00 (includes $50,000 working capital).
- 2. What ongoing fees are required?
Royalty Fee: You will pay a continuing monthly Royalty Fee during the Term equal to 5-6% of gross revenue. Brand Development Fund: 1% of gross revenue for franchisee growth and development.
- 3. What Return on Investment (ROI) can I expect?
Actual results vary from location to location and we cannot estimate the results of any particular franchise. We encourage you to review Item 19 of our Franchise Disclosure Document for additional information on the Financial Performance Representation. When you investigate a Scout & Molly’s franchise, you will be provided with the Franchise Disclosure Document (FDD).
- 4. How quickly can I expect the return on my investment to begin?
On average, it will take 6-9 months from the time you are awarded a Scout & Molly’s license to the time you open. In most cases, how well you follow the grand opening and on-going marketing plan provided by Scout & Molly’s determines how quickly you achieve your desired ROI.
- 5. How many employees do I need?
You can start with 3 to 4 part time associates along with one full time manager.
- 6. What type of facility do I need?
You will need approximately 900-1,200 square feet located in a high traffic, high visibility Class A shopping center or mall. This square footage will allow for adequate room for clothing and accessory displays, dressing rooms and a small storage area.
People skills and management skills are great attributes. Previous retail experience is not required.
- 7. How long has Scott & Molly’s been in business?
Scout & Molly’s has been a popular boutique destination in the Raleigh, NC market since Spring 2002. Scout & Molly’s started franchising in 2014. The Scout & Molly’s brand was fresh and people quickly caught on. Customers started to mention they wished they could open their own Scout & Molly’s so we took the next step and started franchising the business so others could enjoy the unique shopping experience that Scout & Molly’s delivers.
- 8. How much training will I receive?
Scout & Molly’s provides a week of initial training. You will be taught the Scout & Molly’s merchandise modules, inventory control and ordering procedures, marketing programs, Point of Sale systems and other store operations. On-going training and conference calls, site visits and conferences will be conducted as needed.
- 9. How much support will I receive?
Scout & Molly’s provides you with all the essential training needed to smoothly launch and celebrate your grand opening and post opening operations. All Scout & Molly’s owners will have ongoing support for marketing needs, inventory and buying programs, manager training and technology support.
- 10. What are the benefits of owning my own Scout & Molly’s Franchise?
- Semi-absentee business model (part-time for the owner).
- Make a difference in your community
- Unique and different fashion lines not found in all stores
- Comprehensive marketing program
- Small staff model
- Multi-unit opportunity
- 11. What are the key drivers of the business – the key skills needed?
As much fun and as exciting as the Scout & Molly’s Franchise opportunity is, following the Scout & Molly’s Franchise system is imperative to success. Scout & Molly’s is looking for quality owners with good people skills.
- 12. What is your competitive differentiation?
Scout & Molly’s is described as vintage chic and this vibe is carried throughout the interior of our stores but also spills out onto the sidewalks (where applicable). The lines of clothing we carry are unique and sometimes are rarely found in other stores in your market. Boutiques are chic – people value the personalized service and attention they receive, the cozy ambiance and the unique merchandise that only a Scout & Molly’s can offer. The Scout & Molly’s sales Rx is a key differentiation for Scout & Molly franchisees.
- 13. Will I receive a protected territory?
Yes, you will receive a protected territory.
- 14. How do I get started?
Complete the Online Request for Information Packet. When you have received your information packet, fill out the Franchise Application and return it to Scout & Molly’s via fax (919) 303-6191, or e-mail to firstname.lastname@example.org.
Upon receipt of your application, we will contact you and send you a Franchise Disclosure Document (FDD) to continue the franchising process. If there continues to be mutual interest, we will invite you to the corporate office for a Discovery Day visit.
Scout & Molly’s is committed to making every city, town and community look great by stocking fashionable and highly sought after designs. We will ensure we are staying abreast of fashion trends and seasons to bring our franchisees the best buying options. Our business experience and operational system has proven to assist our franchisees to grow business quickly, efficiently and successfully.