AR Workshop
Entertainment & Recreation · Events & Experiences
- Active units
- 114
- Avg unit volume
- $128k
- Royalty
- 6.0%
Franchised, year-end 2023
of weekly Net Sales
About AR Workshop
Anders Ruff Workshop is a boutique DIY studio located in Pineville, NC. They specialize in providing hands-on classes where individuals can create custom and charming home decor using raw materials. Their workshops are instructor-led and offer a wide range of projects, including custom wood signs, framed signs, canvas pillows, round signs, lazy susans, centerpiece boxes, and tote bags. At Anders Ruff Workshop, you can join a wood sign painting class or participate in a DIY home decor paint and sip workshop. Their classes provide a creative and inspiring space where you can learn the DIY process step by step. All the necessary tools and materials are provided, so you can leave the mess behind. With a variety of personalized projects and designs available, you'll leave the workshop with home decor that you can proudly say you made yourself. Whether you're looking for a fun activity to bond with friends and family or want to get inspired to create custom home decor, Anders Ruff Workshop is the perfect destination.
Key terms
- Franchise fee
$35k
- Multi-unit
Initial fee for second Workshop is $28,000 for a mutually agreed upon territory.
- Brand fund
1.0% of Net Sales
- Local advertising
450.0% of Net Sales
- Footprint
1,200 – 1,800 sq ft
- Veteran discount
10.0% off franchise fee — First-time purchasers who are veterans receive 10% off the initial franchise fee for their first store and 20% off for their second; veteran must own at least 50%.
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing).
Growth
- Total locations114
Franchised units open at year-end
- New openings4
Gross new units opened during the calendar year
- 1-year unit growth rate-7.3%
Net unit growth versus prior year
- 3-year unit CAGR-11.0%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.4×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$128k
Average annual Gross Sales for 2023 Reporting Workshops.
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$182k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open8 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio0.7×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.