- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$124K - $142K
- Units as of 2024
-
25
Company Overview
About Wonderly Lights
| Industry | Home Improvement |
|---|---|
| Related Categories | Lighting Services |
| Founded | 2022 |
| Parent Company | Buzz Franchise Brands |
| Leadership | Kevin Wilson, CEO |
| Corporate Address |
2829 Guardian Ln., #100 Virginia Beach, VA 23452 |
| Social | Facebook, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 2022 (3 years) |
|---|---|
| # of employees at HQ | 60 |
| Where seeking |
This company is offering new franchises in the following US states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming |
| # of Units | 25 (as of 2024) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Wonderly Lights franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$29,500 |
|---|---|
|
Initial Investment
|
$123,603 - $142,428 |
|
Net Worth Requirement
|
$200,000 |
|
Cash Requirement
|
$75,000 |
|
Veteran Incentives
|
20% off first-unit franchise fee |
|
Royalty Fee
|
7% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Wonderly Lights has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 24 hours |
|---|---|
| Classroom Training | 36 hours |
| Ongoing Support |
Meetings & Conventions
Lease Negotiation
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
Yes |
| # of employees required to run | 4 |
|
Are exclusive territories available?
|
Yes |
Additional Rankings
Curious to know where Wonderly Lights ranked on other franchise lists? Find out below.
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Next Day Access
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- Wheelchair ramps, grab bars, stairlifts, and other accessibility and mobility products
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