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| Who helps with financial assistance to the program? | |
| We have working relationships with third-party financial companies who are willing, and able, to assist you in financing inventory expansion. Because the equity of True Value Company consists of Members' money, we don't offer a financing program. Your Rental Marketing Consultant will be glad to discuss this with you. | |
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| How much money would I need to start a rental business? | |
| Start-up costs vary from one market area to
another in regard to real estate costs. Typical
capital costs to anticipate, not including real
estate costs or working capital, are as follows:
Opening Inventory $250,000 - $500,000
Add-on Inventory $30,000 - $40,000
Leasehold Improvements $30,000 - $50,000
A proper business plan with financial statements needs
to be developed before approaching a bank for financing.
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| What is the fee structure? | |
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| True Value Company Common Stock | $6,000 |
| Franchise Fee | $1,500 |
| Store Design Fees (Flat Rate) | $3,750 |
Design Fees Include:
- Project Programming & Management
- Consultation
- Data Collection
- Concept Development
- A. Store Plan
B. Interior Design
C. Graphic Design
- Merchandise Planning
- Documentation
Note: A rental store project consumes approximately
five days of project manger time.
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| What are the monthly membership fees? | |
| 1.3% GROSS RENTAL REVENUE
(Excluding Consignments)
Minimum of $1,200 per year
Maximum of $7,500
Multiple Stores Chains - Maximum combined
annual fees of $22,500
$30 per month Advertising Fee
Retail Sales Exempt from Royalty Fee
Other License Rentals (trucks, etc.)
Exempt from Monthly Fee
$30 per month Electronic Commerce Charge | |
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| What does co-op advertising entitle me to? | |
| 20% of Royalty Fee Available for 50/50
Co-op Advertising 10% Discount on Yellow Pages Advertising
Placed with our National Agency
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