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?
$38,000 franchise territory fee + $5,000 training fee.
How long is the training?
Two 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.