You have questions, we have answers! Here are some of the most frequently asked questions we get from potential franchisees.
How many stores does Monkey Bizness want to open this year?
Monkey Bizness is looking to open 1-2 stores each year. We do not have an aggressive growth plan. Rather, we are more concentrated on finding owners that are right to be a part of the Monkey Bizness family. We have a great group of franchisees and are looking for like minded individuals that align with our goals.
What is the financial requirement to be a Monkey Bizness owner?
To open your Monkey Bizness, you will need a minimum of between $40,000 to $90,000 and be able to finance the balance of your investment. Banks typically are looking for owners to make a 25%-30% down payment on the investment so the exact amount will depend on your location and circumstances.
How do I finance my Monkey Bizness?
Most of our owners have financed their Monkey Bizness with an SBA Loan (learn more here). These can be obtained at most banks. We also have relationships with various financing sources that we introduce our potential franchisees to.
What is the typical size of a Monkey Bizness?
We are looking for facilities between 4,000 and 6,500 square feet. The exact size will be dependent on your location, rent, and projected build out costs.
Where should I locate my Monkey Bizness?
Monkey Bizness is a destination, and as such, we are not necessarily concerned with car counts and other statistics that other concepts might be concerned with. As such, we are more concerned with the demographics within 5-10 miles of the store than the exact location.
What is the day-to-day time commitment of an owner?
Your involvement in your Monkey Bizness will depend on the strength of the team you build and the role that you desire in your business. We have owners who spend as little as 10 hours a week working on their store. We have other owners who manage and may spend over 40 hours per week in their store.
Are there any current locations for sale?
We do not actively advertise Monkey Bizness stores that may be for sale. However, we are aware of stores that could be available for purchase in our system. If this is something you are interested in, you should complete the “Request Information” form and let us know.
How much can I earn as an owner?
The return on your investment will be directly related to the effort you put into opening your business. The level of involvement you have in your business and in your community will heavily impact your return on investment. We believe that you should expect a very competitive return on investment in your Monkey Bizness. We provide an in-depth detail of our store's financial results in our Franchise Disclosure Document.
Which territories are available for expansion?
Currently, we are looking for franchisees in the Midwest, Nevada, Colorado and Texas. If you are not in these areas, contact us let us know you are interested.
How do I get started?
Complete the “Request Information” form on our website to take the next step!