Woodcraft Franchise
The Woodcraft franchise traces its history back in late 1920s. A small, single-room store was established with intention to provide local cabinetmakers with all the special tools that were available at no other place. Since then, the Woodcraft stores have continued to provide the basic tools required by professional woodworkers, hobbyists and craftsmen. The comprehensive selection of equipment and woodworking tools that are retailed by the franchise is a versatile and one of the fastest developing industries in the country.
In addition to provision of high quality tools, the business is also committed to ensuring reliable education to the woodworkers aimed at helping them to realize the best results. According to the report released by the franchise claims that it teaches more than 13,000 classes to about 50,000 annually.
The customers of Woodcraft keep coming back since they are ever offered with high quality products from this organization. New entrepreneurs join the operating stores, catalog and internet support to acquire strong purchasing power. The Woodcraft supply plays the role of the importer, warehouse, distribution center and supplier thereby allowing investors to focus on their stores. In addition, the franchisees of the organization automatically become distributors of major tool manufacturing companies such as Porter-Cable, Delta, Powermatic, Jet, DeWalt, Steel City, Fein, Festool and Rikon just to mention a few.
The Woodcraft franchise takes pride in being the sole distributor of carving tools manufactured by Pfeil® SwissMade® in US. This company is often said to be the leading manufacturer of carving tools in the world. The development managers of Woodcraft franchise are ever looking for new tools that are either to be introduced into the varieties sold by the company or alternatively are supposed o be manufactured for the company.
The franchise program of the company was introduced in 1997 and since then the franchise has risen to 32 business units in US. The headquarters of the company are located at Parkesburg, West Virginia.
To start a Woodcraft franchised business unit, you capital ranging between $451,000 and $551,000. Initial franchise fee required is at least $50,000. Royalty fee of 5% is also required and contract term expires after a decade. No financial assistance is provided by the franchise or even a third party. Interested entrepreneur should have the required investment capital.
About 8-9 employees are required to run a franchised business unit. 5% of the franchisees own more than a single business unit. All the businesses are owner operated since absentee business ownership is not allowed. Qualification to get franchised in the business is determination in working hard as well as general business management skills.