The Grace Galleries franchise
2023 filing · April 20, 2023
The Grace Galleries at a glance
An art gallery that licenses wall space to independent artists. At the end of 2022 there were 1 The Grace Galleries locations in the US, all company-owned.
The business
- Industry
- Retail
- Franchisor
- The Grace Galleries IFG, Inc
- The company that sells the franchises
- Franchisor based in
- Clayton, Missouri
- Typical size
- 800–2,000 sq ft
What you pay
- Cost to open
- $91K–$146K
- Fee, build-out and opening working capital
- Franchise fee
- $50,000
- Paid once, when you sign
- Royalty
- $1,250–$1,750 a month
- A fixed monthly royalty: nothing for the first three months, then $1,250 a month, rising to $1,750 over the first ten years
- Brand fund
- None now
- Up to $1,000 a month; not charged at present
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- Change in 2 years
- 0
- Franchised locations, 2020–2022
- States
- 1
- Most in California
From The Grace Galleries IFG, Inc’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
The Grace Galleries among all franchises with the same figure.
| Figure | The Grace Galleries | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $118,350 | Costs less than 84% of franchises |
| Franchise feePaid once, when you sign | $50,000 | Higher than 70% of franchises |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a The Grace Galleries franchise costs
Opening one The Grace Galleries costs an estimated $91,000 to $145,700. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
The biggest costs are initial franchise fee ($50,000) and construction and leasehold improvements ($7,500 to $30,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $50,000 | ||
| Training and Onboarding Fee | $5,000 | ||
| Construction and Leasehold Improvements | $7,500 | $30,000 | |
| Lease Deposits | $5,000 | $10,000 | |
| Furniture, Fixtures and Equipment | $4,000 | $6,000 | |
| Signage | $2,500 | $10,000 | |
| Computer and Software | $1,500 | $2,000 | |
| Grand Opening Marketing | $1,000 | ||
| Initial Inventory | $500 | $1,000 | |
| Utility Deposits | $500 | $700 | |
| Insurance Deposits | $1,000 | $3,000 | |
| When Due Additional Travel for Initial Training | $1,000 | $3,000 | |
| Professional Fees | $1,000 | $3,000 | |
| Licenses and Permits | $500 | $1,000 | |
| Additional Funds | $10,000 | $20,000 | |
| Total | $91,000 | $145,700 | |
Source: The Grace Galleries IFG, Inc, 2023 filing, page 17
The Grace Galleries franchise fee
The franchise fee is $50,000. You pay it when you sign the franchise agreement.
Source: The Grace Galleries IFG, Inc, 2023 filing, page 11
Royalty and ongoing fees
| Royalty | A fixed monthly royalty: nothing for the first three months, then $1,250 a month, rising to $1,750 over the first ten years. |
|---|---|
| Brand or marketing fund | Up to $1,000 a month; not charged at present. |
| Technology Fee | Up to $500 per month, currently not assessed |
| Additional Employee Initial Training | Our then current training fee, currently $500 per person per day |
| Local Marketing | Up to $500 per month |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: The Grace Galleries IFG, Inc, 2023 filing, page 12
Other fees as filed, from pages 12–13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures The Grace Galleries does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: The Grace Galleries IFG, Inc, 2023 filing, page 47
How The Grace Galleries compares
Of the 302 retail franchises on this site, The Grace Galleries is the 49th cheapest to open and the 275th largest by number of locations.
| Figure | The Grace Galleries | Typical retail brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $91K | $198K | $222K |
| Cost to open, high end | $146K | $425K | $477K |
| Franchise fee | $50K | $35K | $40K |
| US locations | 1 | 38 | 21 |
| Shares earnings figures | No | 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 |
|---|---|---|---|---|
| 2020 | 0 (0) | 1 | 0 | 0 |
| 2021 | 0 (0) | 1 | 0 | 0 |
| 2022 | 0 (0) | 1 | – | – |
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: franchise failure rates.
Source: The Grace Galleries IFG, Inc, 2023 filing, page 47
Where The Grace Galleries locations are
At the end of 2022, The Grace Galleries had locations in 1 state. The most are in California.
- California1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 0 | 1 | 1 |
Source: The Grace Galleries IFG, Inc, 2023 filing, page 48
Who owns The Grace Galleries?
The Grace Galleries franchises are sold by The Grace Galleries IFG, Inc.
From The Grace Galleries IFG, Inc’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| 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: The Grace Galleries IFG, Inc, 2023 filing, litigation on page 10, bankruptcy on page 10
The Grace Galleries filings
The figures on this page come from The Grace Galleries IFG, Inc’s 2023 filing, issued April 20, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | April 20, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
