Qualifications
Becoming a Parable franchisee requires a passion for ministry, a sound financial foundation and hands-on commitment. The following investment, market and financial qualifications will help you determine if you qualify.
New Store Investment
The investment for a new Parable franchise store is typically $315,000 - $410,000 depending on store size and other factors relating to the condition of the store location space.
Store Size
Typical new stores are 3,000 - 4,000 sq. ft. in size but can range upwards to 6,000 sq. ft. Factors relating to store size are market size, existing market competition and franchise owner financial resources.
Store Location
- Quality retail "power center" or major strip shopping center
- Shopping center located in the prime retail focal point for the market
- Good store frontage, visibility and ample safe parking
- Quality existing tenants that attract female shoppers
- Convenient access by car
Market
- Minimum 'market draw' population of 60,000 (100,000+ preferred)
- Growing market with mid-upper income demographic
- Family market with vibrant schools and emerging new housing developments
- Active and growing church environment
Personal Financial Qualifications
- Personal financial net worth (minimum): $600,000
- Liquid assets (minimum): approx. $70,000 (depending on store size)
- Outside-the-store income to meet needs during the business launch phase
