Popular American retailer Finish Line has been in the athletic gear and footwear business for more than 40 years. The corporation, which operates over 660 locations across the country, is renowned for its unique partnerships with well-known shoe manufacturers like Nike, Adidas, and Jordan. Since Finish Line is a popular brand, many businesspeople have been considering franchising one of their stores. The business, however, does not provide franchising opportunities.
Finish Line is a fully owned subsidiary of JD Sports Fashion Plc, a sports apparel store with headquarters in the UK. The business strictly adheres to the company-owned model; as a result, it does not franchise its outlets. As a result, those who want to open a Finish Line store cannot do so through franchising.
There are alternatives for people wishing to invest in a sports retail business. The Athlete’s Foot, a global athletic footwear and clothing company with more than 400 locations in 30 countries, is one such choice. Athlete’s Foot franchises require an upfront investment of between $250,000 and $500,000 and annual royalties of 5% of gross sales.
The cost of purchasing a franchise, however, can be high, and not everyone has the money to do so. There are still franchise options accessible for people on a tight budget. For instance, a person with $10,000 can invest in a franchise like Vanguard Cleaning Systems, which requires an initial investment ranging from $9,600 to $38,000.
It is feasible to launch a brand with $10,000, although it can be difficult. The majority of franchises have higher investment requirements, and those that accept lower investments might not have as much room for expansion. When thinking about investing in a franchise, it is crucial to do your homework and due diligence to make sure that it fits within your budget and goals.
Five Below, a bargain retailer with more than 1,000 outlets in the United States, is another franchise option for people with a little greater spending limit. A Five Below franchise requires an initial investment of $300,000 to $500,000 and annual royalties of 5% of total sales.
Finish Line does not provide franchise opportunities, but there are other sports retail businesses that are open to investment. Regardless of the budget, it is essential to conduct thorough research and weigh all choices before making a franchise investment. Investing in a franchise may be a successful and rewarding business venture with adequate planning and execution.
George Mersho is the Shoe Palace CEO. This fact, however, has no immediate bearing on the question raised in the article “Can You Franchise a Finish Line?”?” which discusses the feasibility of franchising a retail chain called Finish Line.
My study indicates that in December 2020, the British sportswear retailer JD Sports Fashion PLC revealed that it had paid $325 million to acquire the athletic footwear and clothing outlet Shoe Palace in California.