1. Sales Representative
This form of collaboration does not involve ownership of a sales office and hiring of staff and is therefore most suitable for an individual entrepreneur. We would agree on a specific territory that this sales representative would be assigned. Then, the representative would select a jewelry product sample line comprised of items that, in his/her opinion would be best sellers in that territory and purchase selected inventory. After this, the representative would start offering his/her inventory to various stores. Wholesale of merchandise to those stores could be set up either as direct shipments from our company or using the sales representative as an intermediary, with commission payout to the representative, according to a negotiated commission structure.
2. Dealership
This form of collaboration would be best suited for established jewelry stores. We would supply our merchandise to you at wholesale prices. We would list the name and address of your store on our website and also, on certain terms that would have been negotiated with you in advance, would be able to include your address into our TV commercial ads.
3. Franchising
Warning: The general information appearing below is not an official offer to sell a franchise. An official offer may only be made using FDD (UFOC) as required by law and only upon having registered with your regional government authorities your right to offer (sell) a franchise.
The system of franchising has earned a solid reputation of the most reliable mechanism that enables quick achievement of a time-tested business model.
Franchising, commercial concession, franchise (from Fr. “franchir” – “to liberate”) is a type of relationship between market participants whereby one party (franchisor) grants to the other party (franchisee), on negotiated terms, a right to operate a certain type of business using a specifically developed system for operating that business.
Franchising is a form of licensing whereby one party (franchisor) grants to the other party (franchisee), in exchange for a fee, a right to act on its behalf (sell goods) thereby facilitating expansion of its sales market.
Franchising (franchise) is a method of replicating successful small businesses.
One of the reasons franchising is so successful is the special synergy achieved through collaboration between franchisee and franchisor. A group of franchisees, united by a single trademark, are able to conduct activity in the scope that is not achievable by an individual entrepreneur. Intense centralized advertising campaigns, common inventory reserve, common standards for customer service and generation of ideas – these are some of the characteristics of franchising.
Advantages of Franchising:
- Franchising is a great opportunity to start a business even for those with no previous entrepreneurial experience. By purchasing a franchise, you receive a finished product – a business of a company that has already formed its favorable image with the public and earned loyalty of its customers.
- Profitable enterprise. You save time and energy required to structure a business operation.
- Reliable business. You are not left alone to handle any issues that may arise in the course of your operations, but rather receive continuous support from franchisor and ongoing discounts on all your inventory purchases.
- Reduced advertising expenditures. You can start your franchise-type business using the trademark and readily available operating solutions of Golden Flamingo®, a company that is already well established in the industry. Your enterprise will get recognized thanks to the powerful advertising support and large-scale marketing campaigns facilitated by franchisor.
- Employee training. We will familiarize you and your employees with all nuances of the operations, thus helping you to realize full potential of your business.
What does franchisee receive?
a) Right for using of trademark
b) Thorough consultations at all stages of the business set-up/development, continuous support of the enterprise for the entire term of the franchise agreement
c) NPV calculation for the franchise and detailed breakdown of required investments
d) Framework for the store design in the context of the common corporate style
e) Latest version of the software specifically designed for increased automation of sales processes in Golden Flamingo® stores
f) Recommendations on sales equipment selection
g) Diverse assortment of jewelry models, carefully selected based on the purchasing power of the target market in a given geographic region, the season and the franchisee’s financial position
h) Suggested restocking schedule, merchandising manual
i) Proprietary commercial information – detailed operations manual: common standards and tried-and-true business processes
j) Free employee training
k) Assistance with choosing a location for your store
l) Exclusive territory
Distinguish elements of a Golden Flamingo Franchise:
HIGH PROFITABILITY of the chain (special pricing system that allows franchisee to make profits even during “sales”)
HIGH LIQUIDITY and no expiration date – inventory does not depreciate with time, but, to the contrary, only goes up in value
LOW RISK of losing invested capital – over 85% of the capital investment pays for inventory and equipment
HIGH CUSTOMER GEMAND
LOW COMPETITION – Golden Flamingo® is the only company in North America specializing in jewelry manufactured by large factories of the former USSR member-countries. We offer products that are unique and highly demanded
TOP NOTCH ADVERTISING AND INFORMATIONAL SUPPORT. A unique customer loyalty program. Your store address will appear in our TV commercials that are watched by millions of viewers. Your monthly advertising fund fee will comprise merely 3.75% of your income
FREE WEBPAGE designated specifically for your business on our corporate website, whose ongoing maintenance and service will be carried out by franchisor
SIMPLICITY OF INVENTORY ORDER PLACEMENT and delivery processes. Franchisee received shipments from franchisor does not get involved in often complicated, and requiring in-depth knowledge, negotiations with manufacturers nor has to spend time and money on business travel related to arranging merchandise deliveries or deal with customs clearance protocols.
ABSENCE OF INITIAL FRANCHISE FEE
ABSENCE OF MONTHLY ROYALTY FEE
Special program of INVENTORY FINE-TUNING in accordance with physical store location and the region’s economic-geographical component
Program of INVENTORY SHARING among the franchise network members, which allows achieving a wider variety of offered merchandise, while simultaneously minimizing inventory expenditures.
What does franchisee receive?
a) Right for using of trademark
b) Thorough consultations at all stages of the business set-up/development, continuous support of the enterprise for the entire term of the franchise agreement
c) NPV calculation for the franchise and detailed breakdown of required investments
d) Framework for the store design in the context of the common corporate style
e) Latest version of the software specifically designed for increased automation of sales processes in Golden Flamingo® stores
f) Recommendations on sales equipment selection
g) Diverse assortment of jewelry models, carefully selected based on the purchasing power of the target market in a given geographic region, the season and the franchisee’s financial position.
h) Suggested restocking schedule, merchandising manual
i) Proprietary commercial information – detailed operations manual: common standards and tried-and-true business processes
j) Free employee training
k) Assistance with choosing a location for your store
l) Exclusive territory
What is required of prospective franchisees?
- availability of funds for initial investment and support of operations in the amount of $375,000 to $450,000
- availability (or ability to rent) of a store premises with dimensions of approximately 250x500 sq feet in a high-traffic location
- willingness to adhere to the corporate standards of Golden Flamingo® and to abide by the terms of franchise agreement
- willingness to commit to long-term partner relations with franchisor
We would be happy to discuss an opportunity to set up a Golden Flamingo® franchise in your city. Please send your request to us by completing the form below.
4. Partnership
This is the most intricate of our collaboration systems and involves creation of a joint-stock company for the purpose of opening and operating a jewelry store in a specific region. In such joint-stock enterprise, as a rule, Golden Flamingo® and its partner own equal amounts of shares.
Responsibilities are shares as follows: we contribute experience and knowledge of what needs to be done for the business to become successful. We also take care of setting up the store – finding suitable premises, hiring and training staff, facilitating delivery of merchandise, handling daily store operations, while our partner’s contribution amounts to provision of financial resources.
With this collaboration scenario, your continuous presence in the store is not required, which is especially convenient for non-residents of the United States. However, if you so desire, you may remain an active partner and stay involved in the day-to-day operations of the business.
