Company Overview. Merlin P. Hayes and his wife launched a hobby shop in Lincoln, Nebraska, in the s. Through this store, Hayes met Thomas Walla, and together they bought out a competing store, Hobby Town, in The company began franchising in Stores sell games, toys, remote control cars and planes, train sets, rockets and models.
About HobbyTown. Industry Retail. Related Categories Miscellaneous Retail Businesses. Founded Leadership Bob Wilke, President. Franchising Overview. Franchising Since 35 years. Where seeking This company is seeking new franchisees worldwide. Franchisor Information. Corporate Address Libra Dr. Lincoln, Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.
Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities.
Term of Agreement 10 years. Is franchise term renewable? Financing Options Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing HobbyTown offers in-house financing to cover the following: franchise fee. Third Party Financing HobbyTown has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory. On-The-Job Training hours. Classroom Training 32 hours. Ongoing Support Purchasing Co-ops. Grand Opening. Online Support. For mechanic Justin Raley and his wife, Bernie, the track has been a home away from home.
A hobby that has seen better days and bigger crowds. In a Facebook post , Crippen wrote:. Thank you to every customer, our fantastic employees, and the volunteers who have touched our hearts. Beginning January 2, , all remaining products and fixtures will be marked down progressively until everything is sold. Come in and get deep price reductions on cars, planes, boats, drones, models, parts, paints, supplies, fixtures, and glass enclosures.
The radio control race tracks will be open for practice and fun running during this time. Radio control car racing is suspended until one final day, Saturday, January Adam Crippen, who started it all, will host and run our last club race.
We invite all our previous customers, current customers, racers from out of town, and new racers to come out for our last Trophy Race. Gates open at 9am. Races start at 12 noon. Once again, thank you to everyone who has made Hobbytown Tucson part of your lives. July 20, What are the steps along the way? October 26, For me it took about week i think. March 7, Explore interviews. Select a topic to see what people are saying about different issues Professional development Explore skills and training, pay raises and promotions and management and culture.
Mission and values Explore company values, community, the relevance of the mission and moving on. Tell us how to improve this page. Give Feedback. The company first filed for bankruptcy in , when General Wireless acquired the company.
It filed for bankruptcy again in , which led to many of its 1, stores being shut down. Travel back in gadget time with RadioShack.
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