Investment

To accomplish great things, we must not only act, but also dream; not only plan, but also believe.
~Anatole France

By Cody Online is a franchised operation that requires a total investment of approximately $45 000 to $70 000 depending on the By Cody Online Brand and market you select.

By Cody Online financially pre-qualifies candidates who can confirm that they have approximately one-third of the total investment price available in unencumbered (free and clear) cash. Although the total cost of the online store may be available to an applicant by way of a bank loan, we are of the belief that only two thirds of the cost of the business be borrowed so that the candidate does not enter the business with an unreasonable debt load. Experience has proven that unreasonable debt loads are detrimental to the success of the franchise.

If the unencumbered funds are to be borrowed against the applicants' equity in their home, the repayment of this mortgage must be supported by a sufficient outside source of income (i.e. one spouse/partner who is otherwise employed).

The $45 000 to $70 000 includes:

$20 000 franchisee fee
$15 000 - $40 000 (approximately) is for the initial inventory.(May vary depending on geographical location)
$10 000 (approximately) is the capital required for computers, shelving, legal costs, accounting, and miscellaneous start-up items. This amount can vary with each online store depending on wether this will be a home based business or operated outside of the home.

The investment further provides for:

the use of By Cody Online's Brand Name, trademarks and reputation
benefits of our collective experience, business expertise and advice
design and layout of the website
preparation of initial product inventory
marketing and advertising advice for initial online store promotion
extensive training to acquaint new franchisees with our product lines and concept, including administration
access to volume buying power and aggressive promotions

By Cody Online strives to ensure the success of every franchise long before a franchise agreement is executed and a new business planned. Projected operational expenses and sales can vary considerably with the management skills of a new franchisee, location and other variables. For these reasons, By Cody Online does not guarantee that a new online store will reach any specific annual sales. As part of our selection process, prospective franchisees will receive our Disclosure Document which include our background.

By Cody Online will always look at ways to help a new qualified partner finance a new By Cody Online Store. The Business Development Bank of Canada offers great startup and working capital loans for this type of opportunity. Your local chartered bank also offer Small Business loans which are secured by the Federal Government for new business startups.