How

Franchise timeline

FAQ

WHAT DOES IT COST TO FRANCHISE A 16 HANDLES STORE?

Typical Startup Cost: $450,000 – $650,000 (includes $30,000 franchise fee due upon signing)
*Costs vary depending on the size, location, and existing condition of a store

WHAT ARE ROYALTY AND MARKETING FEES?

Royalties: 6% of gross sales
Marketing/Brand Development fee: 2% of gross sales

WHAT ARE THE FINANCIAL REQUIREMENTS OF AN APPROVED FRANCHISEE?

Liquid Assets: $300,000; Minimum Net Worth of $500,000

WHAT IS THE RECOMMENDED SIZE FOR A 16 HANDLES STORE?

Between 1,200 – 1,800 sq. ft. with additional 200 sq. ft. for storage depending on store

HOW LONG WILL IT TAKE TO OPEN A 16 HANDLES STORE?

Once a location is secured with a signed lease and a construction permit is issued, the buildout period takes between 8 to 12 weeks.

HOW DO I GET SUPPLIES?

16 Handles distribution network supplies all necessary product/material support.

HOW WILL MY STORE PERFORM FINANCIALLY?

In accordance with Franchise Law, we cannot make any earnings claims or assumptions.

WHAT KIND OF SUPPORT WILL I RECEIVE?

16 Handles provides very hands-on support from the site selection process to the grand opening and beyond. As a 16 Handles franchisee, you are truly a partner and will work closely with the franchising team including the founders of the company. During the site selection process, we will work together to understand the local market and to determine the best location for your 16 Handles store. We will then get our design & architect team to create the optimal store layout. You and your managers will then receive training at our corporate location for up to two weeks and receive pre-opening assistance at your own location. You will also have access to all 16 Handles’ trademarks, approved suppliers and our exclusive operational tools including our operations manual.

WHAT'S THE NEXT STEP?

Please fill out the form found on the FRANCHISE INQUIRY tab to your left. Once the form is completed and submitted, our team will reply with an answer within a week. If you are pre-approved, we will conduct a phone interview, send the Franchise Disclosure Document and set up a Discovery Day in New York.

Contact: Corporate office

38 East 29th Street, 6th Floor South
New York, NY 10016
info@16Handles.com
Corporate HQ Phone: (212) 260-4416
Fax: (646) 626-6450

Download Franchise Info PDF

READY? FILL OUT THE FRANCHISE INQUIRY FORM!Questions?: franchise@16Handles.com