MerryMart franchise includes a support package to assist franchisees operate MerryMart successfully.
|Term||10 years||Renewable depending on the franchisee’s performance|
|Admin Fee||0.5% of gross sales||Billed monthly|
|Royalty Fee||2% of gross sales||Billed monthly|
|Advertising Fee||0.5% of gross sales||Billed monthly|
|Franchise Fee||1.2M plus VAT|
This includes complete initial support and assistance in the store set-up:
|Design Fee||180k plus VAT|
This includes the following services:
|Merchandise Security Deposit||900k||This includes a security deposit for merchandise delivery.|
|Estimated Store Investment||12 to 17 M||The exact investment varies depending on store type and size.|
|Site floor area required||250 to 300 Sqm|
*The initial stock inventory to be fully paid by the franchisee before delivery
MerryMart operates the following three types of stores:
However, only the MerryMart Store is available for franchising at the moment.
Payback period for MerryMart stores is dependent on many factors, including store sales, market investment, and the individual performance of the store. A financial matrix will be provided once the site is approved.
Yes. After completing the franchise agreements, the franchisee will undergo a training program to ensure the success of the MerryMart Location. The program also ensures that the franchisee can operate the store in accordance with the MerryMart business system.
As the location of the store is very important in the future success of the franchise, MerryMart prefers locations with high traffic areas accessible to both pedestrians and motorists. Proposed sites that meet franchise requirements will go through further site evaluation.
The store design will be covered by the design fee of the franchise. For construction, we will suggest accredited contractors. For contractors not on the accredited list, we would need to have the contractor accredited prior to the construction of the store.
No, the franchisee provides the site for our assessment and approval.
No. MerryMart will only process applications with a specific location for the store, with completed requirements. However, if an applicant submits an application without a specific location, it will be included in our list of interested applicants.
MerryMart will only assist the franchisee in screening initial employees, as well as provide training for said initial employees.