How much will I earn?
posted 20th November 2020
What you earn will be entirely down to you, how hard you work, what you say yes to, how pro-active you are and importantly what your aspirations are!
Some people like to keep things smaller and work around other commitments in their lives. Others 'do' Cook Stars full on! It works for both types (and everyone in between!), and is flexible so you can do whatever suits you.
We do understand though that you need to have some idea of a figure - or how will you know if it's worth looking into this more?
After we've had an initial chat with you, we can send you our Franchise pack in the post showing you everything in the smallest detail (we like to make things as clear and transparent as we can).
There is uncapped earning potential with Cook Stars.
Not only do we offer lots of different services for your to run, but you can also employ class leaders to really make the most of your huge territory! Some people don't like the thought of employing people and just want to run things themselves - that is fine! There is never any pressure to do beyond what suits you.
In terms of our 'regular' core services, you can choose which services to run. In terms of earning potential, the more you put in....the more you'll get out!
Here are our regular services:
* Weekly Minis classes, Juniors classes, Academy classes
* Birthday Parties
* Workshops
PLUS we don't just run these regular sessions and parties. We also run 'ad hoc' events - these are often bespoke so you will be well paid for these.
As an example, one of the team did a pizza session recently and received £500 for it. Another franchisee ran 5 sessions at £300 per session (plus travel costs). These ad hoc sessions are great income boosters to your regular sessions.
You're probably now understanding why we can't tell you exactly what you'll earn. We don't know what sessions you will choose to run, or how many, or if you want to do the ad hoc sessions and so on! We can however give you some idea of what is possible.
In our team you will set your session and party prices. We help with all this of course, and there are set parameters to ensure everyone charges what's fair. If you live somewhere where it is more expensive to run sessions, then it is only right you charge accordingly to ensure you protect your earnings.
We took averages of costs across our team of franchisees and based figures on these averages. Assuming full classes, it is typical you'll make approximately (after class costs):
£117 profit for a minis and junior class
£160 profit for an academy class or a workshop
Around £215 profit for a party of 14 (without any additional upsells)
*Please note this does not include all business costs
HOW MANY HOURS WILL I WORK?
There is a lot that goes on in the background and if we're looking at how any hours you can expect to work it's important you're aware of this.
Using a weekday class as an example, these classes run for 1 hour and 15 minutes, BUT it doesn't just take that 1 hour 15 minutes. There is more to it than that!
There is also shopping and preparing for classes, running the actual class, cleaning up after the class as well as administration and marketing. You can expect a Minis or Juniors class to take around 3 hours in total, but it of course depends on your pace.
There are full details of this in the Franchise Information Pack we can send you in the post, but we're hoping this explains a little at this stage of what to expect.
WHAT COULD I EARN?
Here are some examples. These figures are based on the figures above (ie. how much you could potentially make at classes, parties and workshops). The weekly hours are approximate and based on a mixture of full weekly term time classes and some parties, and assumes someone is working at typical pace. This does not include all business costs and is not guaranteed.
If you worked 13 hours in a week
You could earn over £500 in a week
If you worked 21 hours in a week
You could earn over £840 in a week
If you worked 30 hours in a week
You could earn around £1,229 in a week
If you worked 40 hours in a week
You could earn around £1,592 in a week
* These figures are fully explained in the franchise information pack you receive after we have spoken to you. The above is based on average figures from our existing franchisees (eg. their average venue hire, food costs and their charges in 2019).
You will be able to see why our flexible business is so enjoyed by our franchisees!
There is quite a lot of detail to how we work all this out and we've tried to simplify it here, but we explain it all full in our Franchise brochure!
We have some Discovery Events coming up.
Beforehand we'll give you a call to have an individual chat to answer any questions you may have and send you a short form to complete.
We'd love to welcome you along, so please book below! If you have any questions, feel free to get in touch.