Why own a GoldFather franchise?
GoldFather is a precious metals and coin purchasing business focused on providing a safe and comfortable environment for our customers while also paying them the best possible prices for their gold and coins. We don’t have high priced, commissioned salespeople like you may find elsewhere or large extravagant stores with high rent. We operate with a low overhead which translates into more money for our customers, making this an ideal business opportunity.
The cash for gold business is booming and GoldFather is perfectly positioned to be an industry leader in this recession proof business with its systems and marketing. Join the gold rush with your own GoldFather locations.
Is there training? Do you provide support?
GoldFather provides an extensive training and support program to help you every step of the way. It all starts with one week of training at our corporate locations for your general manager and one other. This initial training occurs 15-30 days prior to your store opening and teaches your key management staff what they need to run your gold buying business. When your store opens we also provide a trainer to assist you at your location for the first week. Training continues with your personal Franchise Business Advisor who works with you step by step on an ongoing basis.
How much money can I make?
The Federal Trade Commission regulates what GoldFather is allowed to disclose to potential franchisees. As you proceed through the process of purchasing GoldFather business, you will receive the Franchise Disclosure Document (FDD) that details more about the business opportunity and your expected startup expenses as well as historical revenue representations from our affiliate locaion.
How much will I need to invest?
The estimated initial investments to establish a GoldFather franchise is from $55,240 to $197,210. This includes a franchise fee of $20,000 as well as the store furnishings and equipment, location build out, point of sale system, initial inventory and supplies, grand opening marketing, three month’s rent, licenses and working capital to open your business.
Do you offer financing?
GoldFather does not offer any direct financing but we can recommend some third party financing options for you. If you have a retirement fund we can also recommend some great programs that allow you to borrow against your retirement fund without paying penalties or taxes.
What do I need to own a GoldFather franchise?
- Minimum of $50,000 liquid assets with good credit and capital for the loans
- Minimum net worth of $200,000 per location
- Knowledge of the trade area where the store will be located
- Location that meets the established criteria
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