|Liquid Capital Required:||$138,850 - $348,050|
|Net Worth Required:||$300,000|
|Financing:||Via 3rd party|
|Incorporated Name:||Beat The Bookstore|
About Beat the Bookstore
Our concept at Beat the Bookstore is quite simple. We're centered on meeting the textbook needs of only students and not publishers, wholesale companies, authors or administrators. We buy our books for more and sell them for far less which allows for our unique customer service, respect for students and fun process.
Values & History
When our first store opened, it created a wild excitement amongst students as they flooded our store. They sold their used books to us and bought new ones and on their way out, they took plenty of our business cards and distributed around the campus.
Professors went ahead to inform students about our cheap book sales, parking shuttle drivers did their bit over the PA system, the campus help desk directed the students to us and passed out our business cards. Even the employees of the campus bookstore came in to buy from us and sell their textbooks as well.
Our stores have similarities to a college bookstore. We don't have expensive fudge, candy, sweatshirts, glassware, decorative spoons, trinkets, bumper stickers or passive staff. All we offer are affordable textbooks and genuine respect for students.
Market & Competition. You'd agree that college students have little money to spend, but many expenses. Tuition fees are high and ever-increasing. Living expenses can be equally challenging as well. Yet, students see textbooks as the most notorious expense they have to make. This is well they feel cheated by the high prices that bookstores place on books, their low buy-back values and poor services.
The high cost of textbooks has reached crisis proportions for most students. According to The New York Times in 2013, textbook prices have hit 238% while the price of consumer goods has only gotten to 51% in the last two decades.
According to the National Association of College Stores study, U.S. students spent over $807 on books and supplies during 2002-2003, compared to $619 in 1999-2000. That's a 30% growth in only three years!
In New York State the typical undergraduate pays almost $1000 or more a year for textbooks. That's a staggering 41% increase over the cost of books only five years ago.
Traditional college bookstores are charging students unfairly for textbooks and setting very small buy-back quotas and short buy-back periods for their used books.
Purchasing a Beat the Bookstore Franchise
Prospective franchise owners are expected to have a net worth of at least $300,000.
We have franchise opportunities available in 30 states and increasing quickly and of course, there can only be one Beat the Bookstore at any college or university.
Ideal Candidate & Qualifications
If you are a serious entrepreneur that's ready to exploit an underserved market in a $7.7 billion industry and excited about the unique opportunity to start your own business with our proven business model then, it's time to serve a campus near you.
Training & Support
At Beat the Bookstore, we offer our franchisees the support of a world-class operations team and infrastructure which includes:
- Site selection and grand opening support.
- Superior software & tech support.
- Outstanding customer service program.
- Unique & effective local marketing strategies.
- Locally branded website.
- Online ordering with local pickup.
- Training program.