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Metal Supermarkets Franchise ProfileRetail Franchises > Specialty Retail |
How to Open a Metal Supermarkets Franchise?
To begin your journey as a Metal Supermarkets franchisee, you will first need to fill out a franchise application and review the franchise disclosure document (FDD). After this, an interview process will typically follow, which may include discussions with current franchisees and potential visits to existing stores. If selected, you will enter into a franchise agreement and can expect to open your store within a timeframe of three to nine months after finalizing your application, depending on various factors such as location selection and construction timelines.
What Makes Metal Supermarkets a Viable Franchise Choice?
The Metal Supermarkets franchise offers a unique opportunity in the wholesale metal distribution sector, focusing on supplying small quantities of metals to businesses, including manufacturing facilities and service providers. The franchise requires an initial investment ranging from $340,500 to $592,500, which includes a franchise fee of $62,500. Additionally, there are ongoing royalty fees and advertising contributions. The established brand presence and absence of national competition in this specific niche provide a solid foundation for franchisees looking to engage in a growing market.
Why Should You Consider Owning a Metal Supermarkets Franchise?
Metal Supermarkets has a proven business model, offering a wide variety of metals and related services, including metal processing and fast delivery. Franchisees benefit from an extensive training program that covers operational standards and sales techniques. This support is invaluable, especially for those without prior industry experience. For individuals passionate about business and service, this franchise can be a rewarding venture, bolstered by the company's long-standing presence in the industry.
Is a Metal Supermarkets Franchise Right for You?
Operating a Metal Supermarkets store requires a commitment to quality service and customer satisfaction. With over 110 locations across the U.S. and Canada, the franchise has a stable foundation and a clear growth trajectory. Potential franchisees should evaluate their own business acumen, financial readiness, and willingness to adhere to the operational standards set forth by the franchisor. The combination of a solid business model and ongoing support makes this franchise a valuable opportunity for the right entrepreneur.
Metal Supermarkets Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
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Metal Supermarkets Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.
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Units | 2021 | 2022 | 2023 |
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Total Units | 68 | 75 | 83 |
Net Change YoY | 7 | 8 | |
Franchised Units | 64 | 72 | 81 |
Net Change YoY | 8 | 9 | |
Corporate Units | 4 | 3 | 2 |
Net Change YoY | -1 | -1 |
Company Background
Metal Supermarkets is a global franchise chain specializing in the supply of metal products, offering a comprehensive range of metals in various shapes and sizes. Founded in 1985, the company has grown to over 100 locations worldwide, providing customers with quick access to a wide selection of metals, including aluminum, steel, brass, and copper. Metal Supermarkets caters to both businesses and DIY enthusiasts, ensuring that everyone can find the right metal for their project, regardless of size or quantity.
Franchise Opportunity
Investing in a Metal Supermarkets franchise presents a unique opportunity to tap into the thriving metal supply industry. With a proven business model and strong brand recognition, franchisees can benefit from the company's extensive support system, including training, marketing, and ongoing operational assistance. As a franchise owner, you will have the chance to serve a diverse customer base and meet the growing demand for metal products in various sectors, including manufacturing, construction, and home improvement.
Corporate Structure
Metal Supermarkets, Inc. is based in Mississauga, Ontario, Canada, and operates under a franchise model with a structured support system for its franchisees. The company provides a cohesive framework that includes operational guidelines, marketing strategies, and supply chain management to ensure consistency and quality across all locations. This corporate structure allows franchise owners to leverage the brand's reputation while maintaining operational efficiency.
Royalties
Metal Supermarkets charges a royalty fee of 5% of gross sales, which helps support the brand's marketing and operational initiatives. Additionally, franchisees contribute to a local advertising cooperative, which typically ranges from 1% to 2% of gross sales, enhancing regional marketing efforts. These contributions ensure that franchisees benefit from both national and local advertising campaigns, helping to drive customer traffic to their stores.
Company Mission
The mission of Metal Supermarkets is to provide customers with fast and convenient access to a wide variety of metal products, coupled with exceptional customer service. By focusing on quality, reliability, and flexibility, the company aims to empower both businesses and individuals to complete their projects efficiently. Metal Supermarkets strives to be the go-to source for metal products, fostering long-term relationships with customers and franchise partners alike.
Brand Story
Metal Supermarkets began its journey in 1985 when founder Christopher H. Harlow opened the first store in Toronto, Canada. The concept was simple: provide customers with immediate access to metal supplies in any quantity they needed, without the hassle of minimum order requirements. Over the years, the brand expanded rapidly, establishing itself as a leader in the metal supply industry. Today, Metal Supermarkets operates in multiple countries, consistently emphasizing customer service and convenience while adapting to the evolving needs of its clientele.
Frequently Asked Questions
The estimated total investment to open a Metal Supermarkets franchise ranges from $340,500 to $592,500, which includes an initial franchise fee of $62,500 payable to the franchisor.