The investment required to become a franchise owner of Function Studio varies depending on several factors. It encompasses costs such as the franchise fee, fit-out and design of the studio, plant and equipment, and training. The overall investment typically ranges between $420,000 - $550,000 + GST. It's important to consider working capital, start-up stock, and local area marketing as additional budgetary considerations.

Please keep in mind that these investment details are subject to change, and it's advisable to discuss specific financial requirements with Function Studio to gain a clear understanding of the investment involved in becoming a franchise owner.

The investment details for becoming a franchise owner of Function Studio may vary depending on various factors. We are unable to provide specific figures upfront due to the unique nature of each franchise operation. However, once you submit your application form and complete the initial telephone interview, you will receive a Confidentiality Agreement. Upon signing this agreement, you will gain access to historical sales figures from the Function Studio network and a financial planning guide to support you in creating a business plan. It is crucial that you seek independent financial advice as part of your due diligence and develop your own forecasting and business planning documentation to ensure accurate financial preparation.

At Function Studio, we understand the importance of finding the right location for your franchise. Our team of retail leasing experts is dedicated to assisting our franchise partners in securing new sites and negotiating lease renewals in consultation with the studio owner. When a new site becomes available for purchase, we will list it on the "available franchise locations" section of the Function Studio franchising website. We are committed to supporting you in finding the ideal location to establish and grow your Function Studio franchise.

Yes, at Function Studio, we welcome franchisees who have a pre-existing business location. We understand that you may already have a suitable space that aligns with our guidelines and requirements. While there will be a changeover process to ensure the smooth transition and adherence to our brand standards, we will work closely with you to incorporate your existing location into the Function Studio franchise system. This will involve aligning the operations, branding, and procedures with our guidelines to maintain consistency across all Function Studio locations. We value your existing business and are excited to explore the possibilities of integrating it into our franchise network.

Absolutely! At Function Studio, we are committed to providing comprehensive training to our franchisees. We have a dedicated training program called Function Academy, which is specifically designed to onboard and equip new franchise owners with the knowledge and skills they need to successfully operate their studios.

As part of the franchise onboarding process, the training fees are incorporated into the initial franchise investment. This means that the cost of training is covered by the franchisee. However, it's important to note that the training is an essential investment in your success as a Function Studio franchise owner.

Our training program is conducted in various formats to cater to different learning styles and needs. You will have the opportunity to receive training at our Head Office, where our experienced team will guide you through the key aspects of running a successful Function Studio. Additionally, we provide online training modules that can be accessed remotely at your convenience. This allows for flexibility and convenience in your learning journey.

In addition to the Head Office and online training, we also provide hands-on training with one of our master trainers. This practical component ensures that you gain valuable experience and guidance in implementing the Function Studio concepts and techniques.

Overall, we are dedicated to providing comprehensive and well-rounded training to support your success as a Function Studio franchise owner. Our training program is designed to give you the knowledge, skills, and confidence necessary to operate your studio effectively.

At Function Studio, we understand that each franchise candidate's application journey is unique due to various factors involved. Typically, candidates progress through the application process and reach the final assessment stages within 8-10 weeks from the time of applying. However, it's important to note that timeframes may vary depending on individual circumstances and other influencing factors. We prioritize transparency throughout the process, ensuring that you are aware of the status of your application at all times. Rest assured, we will work at a pace that you are comfortable with, providing support and guidance along the way.

At Function Studio, prior experience in the industry or business ownership is not a requirement to become a franchise owner. What we look for is a strong drive for success, a genuine passion for the Function Studio philosophy, and an unmatched enthusiasm for your business. We believe that with the right mindset and dedication, anyone can thrive as a franchise partner, regardless of their background. A genuine appreciation for providing excellent customer service is also essential in growing as a successful franchisee. Rest assured, we provide you with all the necessary tools, systems, and processes to support you in reaching your business aspirations. With our comprehensive support, you'll have everything you need to succeed as a Function Studio franchise owner.

To obtain detailed information on joining Function Studios and the benefits of being part of our franchise network, we encourage you to review the Function Franchise disclosure document.

As a Function Studio franchise owner, you will be responsible for royalty payments, which amount to 12% of your sales, this will include marketing contributions. There is also a 0.5% of sales which will be responsible for all I/T support. Both of these payments are made on a monthly basis. It's important to note that additional costs may arise as a business owner, and we will provide you with comprehensive information about these expenses as you progress through the application process. We strive to keep you well-informed throughout the journey of becoming a Function Studio franchisee.

At Function Studio, we pride ourselves on providing extensive support to our franchise partners. Our national support center in Sydney houses a diverse team of professionals who specialize in various areas such as Marketing, IT, Finance, Leasing, Product & Supply, and Store Design, among others. These experts are dedicated to assisting our franchisees and ensuring their success.

In addition to the support from our national team. They will be there to support you with your daily operational needs, offering guidance and mentoring as you navigate your journey as a Function Studio franchise owner. Our goal is to provide comprehensive support at both the strategic and operational levels, empowering you to run your business with confidence and efficiency.

At Function Studio, the term of the Franchise Agreement depends on whether you are purchasing a new studio or an existing one. If you are acquiring a new Function Studio, the Franchise Agreement will have a term of 5 years. On the other hand, if you are buying an existing Function Studio, you will be offered the remaining term left on the existing Franchise Agreement for that specific studio. We strive to provide flexibility in our agreements to accommodate different scenarios and ensure a mutually beneficial arrangement for both parties.

At Function Studio, we have a similar policy in place for new franchise partners. We require that all new franchise owners successfully own and operate their first Function Studio for a minimum of 12 months before they become eligible for consideration to open additional studios. This policy allows new franchise owners to establish themselves as competent operators and gain valuable experience in managing a Function Studio.

Once you have proven yourself as a strong operator, demonstrated the financial capacity to acquire additional businesses, and have a well-defined plan for operating multiple studios, we are excited to discuss multi-siting opportunities with you. We value the growth and success of our franchise partners, and we are committed to supporting those who have the drive, capability, and vision to expand their Function Studio portfolio.