How much does a Minster Franchise cost?
|Licence, Territory & Training||£22,000|
|Marketing launch package||£5,025|
|Total Initial Package Cost||£28,225|
For a start up package, you will also need to secure between £40,000 – £60,000 in working capital, depending on drawing and financial costs, of which at least £40,000 must be in liquid funds. Each franchise term is 5 years, with an automatic right of renewal for an unlimited duration. Though our franchisees generally stay with us for many years, resale opportunities are sometimes available for you to invest in an established franchise. Our resale fee is £10,000 plus VAT in addition to the purchase price of the business.
Minster charges a 7% royalty on monthly branch sales turnover, plus a marketing levy of 1%. There will also be ongoing monthly software costs.