How to Own a Footlocker Franchise

Written by alex lubyansky
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Foot Locker represents one of the most popular athletic apparel stores in the United States. Owning a Foot Locker franchise can potentially bring a large amount of revenue. However, you will need to take a host of steps to become the owner of a Foot locker franchise. including having substantial capital available. Taking pride and care in each phase of the process will maximise your chances of acquiring a franchise and of ultimately making money from your new venture.

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Instructions

  1. 1

    Assess whether you have the means to own a franchise. Foot Locker does not offer any publicly available information about obtaining a franchise. Most franchises, such as fast food chains, require an applicant to possess £162,500 in liquid capital and over £1.3 million in net worth.

  2. 2

    Plan your venture. Scout out locations for your potential Foot Locker. Write a comprehensive business plan. You may want to hire professional business and legal consultants to aid you in the process.

  3. 3

    Apply for the franchise. Contact Foot locker and request information about obtaining a franchise. You will have to apply for the franchise and obtain approval. Afterwards, you can negotiate the terms of your agreement.

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