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Franchising FAQ's

Franchising FAQ's > Franchising FAQ\\\'s

Who is Shaver Shop?

Shaver Shop began in 1986 with its first store in Lonsdale St Melbourne. This store is still trading. The company is privately owned by the 3 Directors who are actively involved in the business. The first Franchise store was opened in 1993 with 57 stores currently across Australia.

How much will it cost to open a store?

The total investment can vary between $400,000 - $450,000 depending on the location and fitout.

What do I get for this amount?

Included in the initial investment is an Initial Franchise Fee, a Training Fee, Start-up stock, Store Fitout, Opening Promotional Campaign, Bank Guarantee etc. Exact amounts are detailed as they become available from suppliers involved in the store opening.

Is there any financial assistance in dealing with Shaver Shop?

We are currently working with NAB and ANZ to secure Accreditation status which will allow for unsecured amounts to be borrowed against the business on a case by case basis.

What training will I get?

Franchisees will undergo one week of training at one of our designated Training Stores and then have 2 weeks in their own store with our New Store Support Manager. This is in addition to the ongoing support from the Regional Manager.

Do I have to put down a deposit?

In association with completing the Application Form a $2,000 Trust Deposit is included. This is fully refundable up until the point where legal documents are drafted towards the end of the process.

Can I choose my own site?

It is critical that the Franchisee conducts their own independent research into the site and agrees that it is a worthwhile location. We take the Head Lease on all our sites and our Leasing Department conduct extensive research into where we believe our stores should be located.

What does the ongoing support entail?

As well as the initial New Store Support Manager involvement you will have a dedicated Regional Manager visiting your store. Along with this are our Department heads in Franchising, Buying, Marketing, Finance, Operations and Administration to work with you in developing your business.