Frequently Asked Questions
How much does it cost to build a Jesters store?
Costs can change considerably depending on the type of store required for the given area and the expected store volume. The average store in New Zealand costs circa. $180,000 - $280,000.
What is the minimum cash unencumbered amount i must have to be considered for a franchise?
50% of the ingoing capital, however Jesters believes finding the right person is more important than funding and will consider all applicants on a case by case basis.
What is the cost of purchasing a Jesters franchise area and training costs?
$50,000 franchise territory fee + $5,000 training fee.
How long is the training?
Minimum 8-10 weeks under the Jesters training programme. Franchisees must be prepared to travel to Auckland for their training, if required.
How much royalty do I expect to pay to the franchisor?
For newly opening stores 6% of net turnover. For the purchase of an established Jesters Franchise 6% of net turnover, calculated monthly.
What are the expected returns from owning a Jesters franchise?
This area will be discussed through the selection process to the satisfaction of the applicant.
How much is the advertising contribution to build the sales of my store?
5% of net turnover calculated monthly.
How long does the franchise agreement last?
6 years with a right of renewal based on performance for a further 6 years.
Can I invest in a Jesters and run it under management?
Franchising is essentially an owner operator business format, however if an investor has a partner who is prepared to share some of the financial risk in setting up a Jesters franchise we will consider this on a case by case basis.