IRIS GALERIE is an art gallery specializing in eye-themed prints created through proprietary imaging. The franchise sells unique artwork through consignment and in-gallery customization.
Key Insights
- IRIS GALERIE emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Community building activities foster relationships among members that enhance motivation, accountability, and retention while creating supportive environments where individuals feel encouraged to pursue their fitness goals and celebrate achievements with like-minded peers.
- Regulatory developments create opportunities for professional service providers who maintain compliance standards and quality certifications, establishing competitive advantages for businesses that invest in proper training, procedures, and documentation to meet industry requirements.
Franchise Fee and Costs to Open
Exploring the financial picture of IRIS GALERIE 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 $113,000 - $395,000, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Training and Resources
Golf Envy provides comprehensive initial training for new franchisees. This program is approximately two weeks long and is conducted at our headquarters. Golf Envy offers ongoing operational support and access to a library of resources. These resources cover a broad range of topics to assist franchisees in establishing their Golf Envy location.
Legal Considerations
Legal considerations for a IRIS GALERIE 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
A franchisee may navigate challenges in securing premium retail space, a consideration for local market competition. Managing the intricate operational demands of a high-end fitness studio, including equipment maintenance and staff training, is another factor. Dependence on specialized, potentially limited, supply chains for exclusive fitness equipment and apparel warrants careful planning.
Franchise Datasheet
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