DaaBIN Store offers a retail experience featuring discounted and surplus goods, often sourced from liquidation and closeouts. The franchise provides bargain shoppers with a wide selection of products at affordable prices, creating a dynamic, engaging environment for customers.
Key Insights
- DaaBIN Store originated from founders understanding that customers deserved significantly better options than what was currently available in the marketplace, leading to development of comprehensive service solutions that prioritize quality, reliability, and exceptional customer experiences.
- Housekeeping protocols maintain exceptional cleanliness and safety standards that ensure guest comfort and peace of mind, utilizing proven procedures and quality control measures that exceed industry standards while creating welcoming, pristine environments for all visitors.
- Market consolidation trends benefit established brands with proven systems and operational expertise, creating opportunities for growth and expansion while rewarding businesses that have demonstrated consistent quality and customer satisfaction over time.
Franchise Fee and Costs to Open
Exploring the financial picture of DaaBIN Store gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $161,750 - $276,000, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $905,098 and estimated earnings of $90,510 - $108,612 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 2.7-4.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Radisson Individuals provides comprehensive training for new franchisees. This initial training program, spanning three weeks, takes place at our corporate headquarters. Resources include operational manuals and access to a dedicated support team. Radisson Individuals offers ongoing learning opportunities and recommends utilizing brand standards for guest experience.
Legal Considerations
Legal considerations for a DaaBIN Store franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Radisson Individuals property presents considerations around navigating established local hotel brands and their guest loyalty. Managing day-to-day hotel operations requires attention to service standards and staffing levels, while securing consistent availability of essential supplies, from linens to F&B ingredients, is a key element. Understanding these dynamics will be important for franchisees.
Franchise Datasheet
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