Talking Book World
Yes, we actively support the inclusion and development of minority-owned franchises in the Talking Book World system.
Talking Book World
22272 Pepper Rd., Unit A
Lake Barrington, IL 60010
800#: (800) 283-4694
Tel: (847) 381-9900
Fax: (847) 381-2447
E-mail: tcl@talkingbooks.com
Web Site: www.talkingbooks.com
Contact: Mr. Geoff Hannell, Franchise Sales
TALKING BOOK WORLD is the world's largest retail chain of audiobook stores, with the widest selection of audiobooks to rent or buy anywhere. Pioneers of the concept of renting audiobooks, TBW makes audiobooks accessible and affordable - with innovative programs that give unlimited use of our library and with no due dates.
Franchisor Background
Established: 1993
First Franchise: 1995
Franchise Units: 6
Company-Owned Units: 13
Total Units: 19
Distribution:
> North America -- Operations in 3 States, 1 Province
> States/Provinces with Greatest Density: 7 in CA, 7 in MI, 4 in ON
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 1 FT, 2 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,800 SF; SF, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $150-225K
Total Investment: $150-225K
Average Total Investment: $187K
Minimum Net Worth: $100K
Fees
>Franchise: $25K
>Average Franchise Fee: $25K
>Royalty: 5%
>Advertising: 2%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 15/5
Passive Ownership: Discouraged
Area Development Agreements:Yes/3
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: No
Cooperative Advertising: Yes
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 6
On-Going Support: C,D,E,F,G,H,I (for an explanation click here)
Training: 2 Weeks Franchisee's Store..
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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