Cost of Opening a Footlocker Franchise
The cost of opening a Footlocker franchise ranges from $350,000 to $2 million. You’ll also need to pay an initial franchise fee of $40,000. Plus ongoing fees. Including a monthly royalty fee of 5 percent of sales, and a marketing fee of 2 percent of sales.
Franchise Ownership Opportunities
Unfortunately, the company doesn’t operate franchise stores in the United States. Your only option is to climb the career ladder and become a store manager or secure other roles that would allow you to run a Foot Locker store.
Franchise Ownership Details
As an owner, you benefit from the brand name and support. Profit potential can be high with lots of traffic. But research thoroughly before investing. Owning brings revenue potential. Steps like having capital are key. Care in each phase maximizes your chances.
All US stores are company operated. Your only option is climbing the ladder to run a store.
In 2019, Foot Locker had $8 billion in sales and a gross profit margin of $2.5 billion. Employees average $26 per hour. Ownership takes work but pays off. No franchises are currently offered.