Rings By Design Franchising Ltd
Summary of Operation:
Manufacture and retail of top quality bespoke jewellery such as engagement, wedding and eternity rings as well as pendants, earrings etc.
Ideal Franchise Owner:
Honest, trustworthy, full driving licence, own car and telephone. Physically fit, literate and numerate, good communicator, flexible approach and a ’can do’ attitude
Training Provided:
1 week residential plus field support
Training Location:
Houghton Le Spring
Support Services:
Free phone telephone answering and diary management plus secretarial support
Year Established: 2001
Year of First Franchise: Number of Company Outlets: 0
Number of Franchised Outlets: 1
Franchises Planned: 25
Areas of Priority Development: Total Cost of Franchise: £15,000
Initial Investment: £15000
Management Service Fees Payable: 10 per cent net revenue plus £100 per month admin fee.
Breakdown of Package: Display equipment, stock, computer, case, gauges, loupe, Support: training plus field, HO answering service plus admin.
Financial Assistance Available: Barclays
BFA Member: No
IFA Member: No
| Projected Turnover | Projected Profit |
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Year 1 | £109k | £17k |
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Year 2 | AOR | AOR |
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Year 3 | £192k+ | £32k+ |
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