0 6 min 3 weeks



Board and Brush franchise offer workshops to DIY your decoration and learn some new art techniques. This franchise is a trendy and modern studio where your friends and family can be creative.

If you are interested, you might consider becoming a franchise owner of Board and Brush Creative studio.

Visit the franchise profile on Vetted Biz: https://www.vettedbiz.com/board-and-brush-franchise/

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00:00 Introduction
00:23 Franchise Fee, Investement & Sales
01:39 Units Opened and Closed
02:00 Income Statement
02:56 Conclusion

#BoardAndBrushFranchiseCostAndProfitPotential #BoardAndBrushFranchise #VettedBiz

Julie Selby founded Board and Brush Creative Studio in 2015. Julie began holding parties to make wood signs in 2014 and the success of this led to her opening up the first studio a year later. The first studio opened in Hartland, Wisconsin, and soon expanded into a franchise.

The Board and Brush franchise fee is $25,000 which is non-refundable when you sign the Franchise Agreement. Although if you are a veteran, active-duty military personnel or this is the second franchise agreement you sign with Board and Brush the initial franchise fee is $20,000 instead.

The estimated initial investment is $65,589 to $90,461 which is quite lower than most franchise investments which can cost up to millions of dollars. Most of the costs come from training, furniture, insurance, and operating expenses. The most expensive fee there other than the initial franchise fee is the operating expenses which just makes sure your business can operate for 3 months. This can cost between $8,900-$15,825 which is quite pricey but overlaps with the ongoing costs.

The Royalty Fee is 6% of monthly gross revenue.

For local marketing and advertising, it is $250 per month except for the first 90 days of the studio opening. The fee for the first 90 days is $2,100 for the grand opening and this includes the $1,200 of branded promotional materials. Also for advertising, there is a brand fund contribution which is 1% which could increase in the future but it cannot exceed 3%. The last advertising cost is advertising cooperative which is up to one half your required minimum local advertising expenditure.

There are many fees such as examining the facility that doesn’t have a clear cost so getting an estimate on this is crucial especially since it’s an ongoing fee. Also, keep in mind there are consequences when it comes to opening up your franchise late or closing it without the Board and Brush’s permission. It will cost $200 per week for every week not open from the supposed opening date and $2,000 if you close the business.

Board and Brush Creative Studio provides the sales of 2018, 2019, and 2020 of how much franchisors make. We have reviewed the Brush and Board franchise income for the prior few years.

In 2018, Board and Brush franchises averaged $225,571 in sales (gross revenue).

In 2019, Board and Brush franchises averaged $199,554 in sales (gross revenue).

Then in 2020, there were mandatory shutdowns for most studios because of Covid. The franchisor did not disclose financials for 2020 other than Board and Brush revenue fell 28% from the year before.

This is an important factor to consider whether Covid will have a large role in the success of your franchise. There is no predicting what will happen with this pandemic but with any franchise, there is a risk making sure you take precautions will give you a better chance of becoming successful.

The table shows a positive net change in the number of franchised outlets except for 2020. The company-owned businesses are negative net change except for 2019 which is 0. The positive of the franchised outlets is that the majority of Board and Brush studios are franchises and they are continuously growing them each year. Each year they open up a few hundred new franchises while the company-owned franchises there are only around 4 or 5 to open each year.

This is a good sign for a future franchise owner where Brush and Board’s main focus is to open up franchises thus they put more effort and money towards them. 3 franchised outlets closed in 2020 which is most likely due to Covid. Many of the studios shut down because of the pandemic which caused a significant loss of revenue which forced some to close. For being a franchise owner excluding Covid, your franchise will most likely not close which shows it is profitable and sustainable.

Visit the franchise profile on Vetted Biz: https://www.vettedbiz.com/board-and-brush-franchise/

Want to speak with a franchise specialist about Dutch Bros or another franchise? Click here: https://share.hsforms.com/1ZtNM19w4R8WIXyNa_97N7w4e0xw

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