BELOCAL Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$0 - $570
Investment required
$1,500 - $9,000
Royalty fee
15.00%

BELOCAL: Transforming Community Connections and Local Experiences

BeLocal is a franchise specializing in local guides for new residents, helping them discover the best local businesses, attractions, and insider tips in their new communities. Founded in 2018 as a product of The N2 Company, BeLocal quickly grew to fill a unique niche in the market, providing valuable information to new movers. 

The headquarters of BeLocal is located in Wilmington, North Carolina. BeLocal began franchising shortly after its inception and has since expanded significantly. The magazines are expertly crafted in-house, ensuring high quality in both design and content, which makes them a staple on the coffee tables of many households.

What sets BeLocal apart from other publications is its commitment to quality and community integration. Each issue of BeLocal magazine includes insights and recommendations from long-time residents, making it a trusted source of local knowledge.

BeLocal's dedication to community and quality has earned it recognition from prestigious organizations. It has been highlighted by Inc., Fortune, and Entrepreneur for its outstanding culture and rapid growth. This recognition is a testament to the franchise's success and its positive impact on both new residents and local businesses.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount (Low) Amount (High)
Initial Franchise Fee $570 $570
Office Furniture & Equipment $0 $2,500
Computer Hardware & Software $0 $2,500
Office Supplies and Stationery $75 $100
Insurance Deposit and Prepayment $350 $500
Initial Training Expenses $0 $0
Professional Fees $0 $2,000
Licenses and Permits $0 $500
Additional Funds (for first 3 months of operation) $500 $750
TOTAL $1,495 $9,420

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Number of units

2023
Franchised units

140

111

139

Company-owned units

1

3

1

Total units

141

114

140

Franchise Disclosure Document

Training 

The BeLocal franchise offers comprehensive training programs to ensure that franchisees are well-prepared to successfully launch and manage their publications. This training covers various aspects crucial for running a BeLocal franchise effectively, from initial setup to ongoing support.

Initial Training

Comprehensive Onboarding: New franchisees undergo an extensive initial training program that covers all the foundational aspects of running a BeLocal publication. This includes understanding the BeLocal brand, the mission and values of The N2 Company, and the specific role and responsibilities of a BeLocal Area Director.

Sales and Marketing Training: A significant portion of the training focuses on sales techniques and marketing strategies. Franchisees learn how to identify potential clients, build relationships with local businesses, and effectively market their publications. This training is essential for franchisees to generate revenue and establish a strong presence in their communities.

Operational Training: Franchisees are trained on the operational aspects of the business, including how to manage the production process of the magazine, distribution logistics, and customer relationship management. This ensures that franchisees can efficiently handle the day-to-day operations and maintain the high quality of the BeLocal publication.

Ongoing Support

Continuous Education: BeLocal provides ongoing training opportunities to help franchisees stay updated with the latest trends in sales, marketing, and community engagement. Regular webinars, workshops, and training sessions are offered to enhance the skills and knowledge of franchisees.

Mentorship and Coaching: Each franchisee receives personalized coaching and mentorship from experienced Area Directors and the corporate support team. This one-on-one guidance helps franchisees navigate challenges and implement best practices in their business operations.

Territory Protection

The BeLocal franchise offers territory protection to its franchisees, ensuring that each Area Director has a designated, exclusive region to operate in without competition from other BeLocal franchisees. This protected territory allows franchisees to focus on building strong relationships with local businesses and residents, promoting a sense of community and loyalty within their designated area​.

Territory protection is a crucial aspect of the BeLocal franchise model, as it enables franchisees to maximize their market potential and revenue opportunities within their exclusive region.

By having a defined territory, franchisees can effectively plan their marketing strategies and sales efforts, knowing they have the sole rights to represent the BeLocal brand in their community.

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