Board & Brush Creative Studio Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$75,489 - $99,761
Franchise Fee
$20,000
Min Cash Required
$10,900
Total US Locations
194
Business Summary
Board & Brush Creative Studio operates creative arts studios that offer in-person and virtual instructional workshops for making high-quality hand-painted wood signs and other specialty items. The business also provides pre-made wood projects and at-home project kits. The studios are designed to provide a relaxed and fun atmosphere where customers can participate in creative activities, often allowing them to purchase or bring alcoholic beverages.
Corporate History
The Board & Brush Creative Studio concept was established by Julie Selby in Hartland, Wisconsin in December 2014. An affiliated company, Board and Brush, LLC, was formed in January 2015 and operated an initial studio from March 2015 through December 2015. Board & Brush Creative Studio Franchising LLC, the franchisor, was then formed in December 2016 and began offering franchises in January 2017.
Financial Overview
Investment Range
$75,489 - $99,761
Franchise Fee (Low)
$20,000
Franchise Fee (High)
$25,000
Minimum Cash Required
$10,900
Royalty %
6%
Marketing %
1%
Equipment Costs (Low)
$21,000
Equipment Costs (High)
$26,600
Working Capital
$14,363
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Board & Brush Creative Studio Franchising LLC's audited financial statements show positive net income and cash flows from operating activities, and increasing members' equity over the past three years. The independent auditor issued an unqualified opinion, indicating that the financial statements are presented fairly and without substantial doubt about the company's ability to continue as a going concern. However, the system has experienced a notable decline in its number of franchised locations, decreasing from 258 in 2022 to 193 in 2024.
Financing Details
Board & Brush Creative Studio Franchising LLC does not offer any direct or indirect financing to its franchisees. This means that Board & Brush Creative Studio Franchising LLC will not provide loans, guarantees, or payment plans for any part of the initial investment or ongoing costs. Franchisees are responsible for securing all necessary funding independently.
Performance Metrics
Total US Locations
194
Franchised Units
193
Corporate Units
1
Avg Square Footage
1,300
Franchising Since
2017
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Board & Brush Creative Studio Franchising LLC has no litigation to report in Item 3 of its Franchise Disclosure Document. This indicates that the franchisor and its management have not been involved in any material litigation or bankruptcy proceedings that are required to be disclosed.
Bankruptcy History
Board & Brush Creative Studio Franchising LLC has no bankruptcy history to report for the franchisor or its management in Item 4 of its Franchise Disclosure Document. This means that neither the franchisor nor any of its key personnel have filed for bankruptcy or been involved in any bankruptcy proceedings.
Agreement Terms
Initial Term
5 years
Renewal Term
5 years
Renewal Conditions
To renew their franchise agreement, Board & Brush Creative Studio franchisees must be in full compliance with their current agreement, having had no more than three defaults during the term. They need to provide written notice at least six months before the current term expires, pay a nonrefundable Successor Agreement Fee of $2,500, and sign a new franchise agreement which may have different terms. Franchisees must also continue to have the right to occupy their current studio premises or obtain approval to relocate, remodel their studio to meet current brand standards, execute a general release of claims against the franchisor, and comply with all then-current qualifications and training requirements, including completing additional training.
Training & Support Program
Franchisor Assistance
Board & Brush Creative Studio Franchising LLC provides extensive support to its franchisees. Before opening, the franchisor helps with site selection and approval, provides prototypical plans for studio layout and signage, loans the Operations Manual, and gives a list of required equipment and supplies. The franchisor also sets advertised selling prices for products and services. Initial training for up to two people is provided remotely and at an affiliated studio in Hartland, Wisconsin. For new franchisees, a trained representative conducts a virtual or on-site review of operations and marketing after opening. Ongoing assistance includes offering mandatory or optional additional training programs (up to three days annually), requiring attendance at an annual business meeting or convention (up to three days annually), and providing individualized assistance by phone, video conference, or email. The franchisor also furnishes advertising and promotional materials, conducts inspections of the studios, provides updated lists of approved suppliers, and approves all franchisee-proposed advertising.
Initial Training Hours
53
Training Location
Remotely and at an affiliated outlet in Hartland, Wisconsin
Ongoing Support
Board & Brush Creative Studio Franchising LLC provides ongoing support to its franchisees through various programs. This includes mandatory or optional additional training programs for up to three days annually, which can be virtual or at a designated location. Franchisees are also required to attend an annual business meeting or conference for up to three days per year, either virtually or in-person. Remedial on-site training and assistance can be provided at the franchisee's premises upon request or as deemed appropriate by the franchisor, for which the franchisee must reimburse the franchisor's costs. Individualized assistance is also available within reasonable limits via telephone, video conference, or electronic communications. Additionally, the franchisor conducts virtual or in-person inspections of the franchised businesses to ensure they meet brand standards.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
Yes
Operational Details
Location Type
Retail
Owner Participation
Hands-On
Territory Type
Limited
Territory Size Requirements
Board & Brush Creative Studio Franchising LLC defines its territories with a minimum size based on either a population of 50,000 people or a 5-mile radius, whichever creates a larger territory.
Staffing Notes
Board & Brush Creative Studio Franchising LLC requires the franchisee or, for multi-unit owners, the flagship studio owner, to personally supervise and manage the day-to-day operations. For additional locations, franchisees must hire studio managers. Any non-owner manager must receive the franchisor's prior written approval, successfully complete the Initial Management Training Program and other required courses, devote full time to the job, and not have an interest in any competing business. All personnel with access to confidential information must sign a Confidentiality/Non-Competition Agreement.