Family Fare franchise
2022 filing · April 26, 2022GrowingShares sales figures
Family Fare at a glance
An extended-hours convenience store selling groceries, snacks, drinks and everyday items, often with fuel. At the end of 2021 there were 102 Family Fare locations in the US, all franchised.
The business
- Industry
- Retail
- Franchisor
- Family Fare, LLC
- The company that sells the franchises
- Franchisor based in
- Durham, North Carolina
What you pay
- Cost to open
- $30K–$1.17M
- A Family Fare convenience store
- Franchise fee
- $10,000
- Or more: the fee is the greater of $10,000 or your winning bid in the franchisor's sealed-bid process for a store
- Royalty
- 56% of gross profit
- The Family Fare charge, a share of each store's gross profit: under the standard program the franchisor keeps 56% and you keep 44%
Where it is
- US locations, 2021
- 102
- Franchised and company-owned
- Franchised
- 102
- Company-owned
- 0
- Change in 3 years
- +9
- Franchised locations, 2019–2021
- States
- 2
- Most in North Carolina and Virginia
From Family Fare, LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Family Fare among all franchises with the same figure.
| Figure | Family Fare | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $602,150 | Costs more than 71% of franchises |
| Franchise feePaid once, when you sign | $10,000 | Lower than 95% of franchises |
| US locationsFranchised and company-owned | 102 | More than 77% of franchises |
How much a Family Fare franchise costs
Opening a Family Fare convenience store costs an estimated $30,300 to $1,174,000. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the franchises under $50K.
The biggest costs are PRE-OPENING COSTS initial franchise fee ($10,000 to $1,000,000) and additional funds—3 months ($15,000 to $60,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| PRE-OPENING COSTS Initial Franchise Fee | $10,000 | $1,000,000 | |
| Store Inventory | $0 | ||
| Franchisee-Purchased Computer Systems | $1,000 | $8,000 | |
| Time Clock | $500 | $5,000 | |
| Professional Fees | $0 | $25,000 | |
| Permits and Licenses | $1,000 | $10,000 | |
| Payroll Service Deposit | $500 | $1,000 | |
| Cash & Safe Fund | $1,000 | $10,000 | |
| Rent | $300 | $50,000 | |
| Training living expenses | $1,000 | $5,000 | |
| Additional Funds—3 Months | $15,000 | $60,000 | |
| Total | $30,300 | $1,174,000 | |
Source: Family Fare, LLC, 2022 filing, page 27
Family Fare franchise fee
The franchise fee is $10,000, or more: the fee is the greater of $10,000 or your winning bid in the franchisor's sealed-bid process for a store. You pay it when you sign the franchise agreement.
Source: Family Fare, LLC, 2022 filing, page 12
Royalty and ongoing fees
| Royalty | The Family Fare charge, a share of each store's gross profit: under the standard program the franchisor keeps 56% and you keep 44%. |
|---|---|
| Electronic Benefits Transfer Transaction Fees | Up to 100% of the fees; currently 50%. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Family Fare, LLC, 2022 filing, page 13
Other fees as filed, from page 18. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Family Fare publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Family Fare, LLC, 2022 filing, page 64
Growth and closures
Share of franchised locations, 2021 / 2019–2021. Typical means the median: half of brands are above it, half below.
| Measure | Family Fare | Typical retail brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | +1% / +9.7% | −0.4% / 0% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 0% / 0% | 5.4% / 18% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical retail brand is the median of the 114 brands in retail franchises with three years of counts.
How Family Fare compares
Of the 302 retail franchises on this site, Family Fare is the 14th cheapest to open and the 91st largest by number of locations.
| Figure | Family Fare | Typical retail brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $30K | $198K | $222K |
| Cost to open, high end | $1.17M | $425K | $477K |
| Franchise fee | $10K | $35K | $40K |
| US locations | 102 | 38 | 21 |
| Shares earnings figures | Yes | 187 of 302 | 2,147 of 3,352 |
Typical is the median across the 302 brands in retail franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 96 (+3) | 0 | +3 | 0 |
| 2020 | 101 (+5) | 0 | +5 | 0 |
| 2021 | 102 (+1) | 0 | +1 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: gas station franchises and franchise failure rates.
Source: Family Fare, LLC, 2022 filing, page 67
Where Family Fare locations are
At the end of 2021, Family Fare had franchised locations in 2 states. The most are in North Carolina and Virginia.
- North Carolina99
- Virginia3
| State | Franchised |
|---|---|
| North Carolina | 99 |
| Virginia | 3 |
Source: Family Fare, LLC, 2022 filing, page 67
Who owns Family Fare?
Family Fare franchises are sold by Family Fare, LLC.
From Family Fare, LLC’s 2022 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 11–12. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Family Fare, LLC, 2022 filing, litigation on pages 11–12, bankruptcy on page 12
Family Fare filings
The figures on this page come from Family Fare, LLC’s 2022 filing, issued April 26, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | April 26, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
