About The Grace Galleries IFG Franchise
The Grace Galleries is a unique art collective franchise where owners operate a gallery space and license wall space to independent artists, creating a curated retail environment for original artwork and related products.
Franchising since 2022, the concept offers both individual unit and area development opportunities for establishing multiple galleries within a designated market.
The initial franchise fee is $50,000.
The Grace Galleries IFG Franchise Cost & Fees
Minimum Investment
$91K
Average Investment
$118K
Maximum Investment
$145K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $50,000 | One-time payment upon signing |
| Royalty Fee | Fixed Monthly Royalty: $0-$1,750 per month; 10% of Online Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to $1,000 per month, currently not charged (Brand Development Fund); Up to $500 per month (Local Marketing) | National brand fund |
| Total Investment Range | $91,000 – $144,700 | Includes build-out, inventory, working capital |
The investment range of $91K–$145K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (Fixed Monthly Royalty: $0-$1,750 per month; 10% of Online Gross Sales) and marketing fee (Up to $1,000 per month, currently not charged (Brand Development Fund); Up to $500 per month (Local Marketing)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $50,000 | $50,000 |
| Training and Onboarding Fee | $5,000 | $5,000 |
| Construction and Leasehold Improvements | $7,500 | $30,000 |
| Lease Deposits | $5,000 | $10,000 |
| Furniture, Fixtures and Equipment | $4,000 | $6,000 |
| Signage | $2,500 | $10,000 |
| Computer and Software | $1,500 | $2,000 |
| Grand Opening Marketing | $1,000 | $1,000 |
| Initial Inventory | $500 | $1,000 |
| Utility Deposits | $500 | $700 |
| Insurance Deposits | $1,000 | $3,000 |
| Additional Travel for Initial Training | $1,000 | $3,000 |
| Professional Fees | $1,000 | $3,000 |
| Licenses and Permits | $500 | $1,000 |
| Additional Funds | $10,000 | $20,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $25,000 |
| Renewal Fee | $12,500 |
| Technology Fee | Up to $500 per month, currently $165 |
| Audit Fee | Cost of audit |
| Program Fees | $110 per month |
| Additional Employee Initial Training | $500 per person per day |
| Supplemental On-Site Training | $500 per day per trainer, plus expenses |
| Interest | 18% per annum from due date |
| Reporting Non-Compliance | $150 per occurrence |
| Operations Non-Compliance | $450 to $1,000 per occurrence |
| Payment Non-Compliance | $150 per occurrence |
| Quality Assurance Audit | Actual costs incurred by us |
| Collections | Actual fees, costs, and expenses |
| NSF Check Fee of Failed Electronic Fund Transfer | 5% of amount or $50, whichever is greater, or maximum fee allowed by law |
| Non-compliance | Actual fees, costs, and expenses |
| Supplier Review | Actual fees, costs, and expenses |
| Management Service | Actual costs incurred by us |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | two week period |
| Classroom Training | 26 |
| On-the-Job Training | 18 |
| Training Location | Amsterdam, Netherlands |
| Additional Training | Supplemental On-Site Training: Our then current daily rate per trainer, plus expenses we incur. Current rate is $500 per day. Initial Training for Replacement Operating Manager(s): $500 per manager per day. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | the smaller of a distance of one mile from the Gallery Location in all directions travelable by road or a territory encompassing a population of 50,000 people |
| Description | The Designated Territory may be identified by zip code, boundary streets, highways, county lines, designated market area, and/or other recognizable demarcations. If the Gallery is in a captive market, the territory may be limited to the physical boundaries of the facility. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | one additional 10-year term |
| Renewal Fee | $12,500 |
| Renewal Conditions | To renew, the franchisee must be in compliance with all agreements, provide 180 days' written notice, sign the then-current Franchise Agreement and related ancillary agreements (which may differ materially), pay a renewal fee, remodel and upgrade the Gallery to current standards, secure legal right to occupy the premises, and meet all other renewal requirements. Owners and their spouses must also be in compliance and personally guarantee the renewal terms, and sign a general release in favor of the franchisor. |
| Transfer Fee | $25,000 |
| Transfer Conditions | Transfers require the franchisor's prior written consent, which may be granted or withheld in its discretion. Conditions for approval include: 30 days' prior written notice, satisfaction of all accrued monetary and other outstanding obligations, no default or material breach by franchisee/owners/spouses, transferee meeting franchisor's qualifications (good moral character, business experience, financial resources, no competitive business), transferee agreeing to be bound by all terms and personally guaranteeing obligations, execution of a general release by franchisee/owners/spouses, transfer of assets and approved location, completion of training by transferee/managers, payment of the transfer fee, and franchisor's approval of transfer terms and price. |
| Termination for Cause | The franchisor can terminate the agreement for cause, including automatic termination for events like franchisee insolvency, bankruptcy, abandonment of obligations, or repeated curable defaults. Termination can also occur with written notice for non-curable defaults such as intentional refusal to comply with terms, operating in violation of laws posing a health/safety threat, failure to maintain possession of the Gallery location, providing intentionally misleading financial data, unauthorized transfer of interests, disclosure of confidential information, engaging in activities harmful to the brand, conviction of a felony, or failure to comply with Anti-Terrorism Laws. |
| Non-Compete Period | 24 months |
| Non-Compete Details | During the term of the franchise and for 24 months after termination/expiration, the franchisee, its owners, and their spouses are prohibited from participating in any competitive business within the Designated Territory, a 25-mile radius surrounding the Designated Territory, or a 10-mile radius of any other The Grace Galleries location/designated territory. This includes owning, operating, managing, funding, or performing services for a competitive business, or diverting customers. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The Franchise Agreement requires the franchisee or, if a Corporate Entity, its designated managing shareholder, member, or partner (the “Managing Owner”) to be personally responsible for the management and overall supervision of the Gallery. The Managing Owner must complete initial training and be approved by the franchisor. While personal day-to-day participation is recommended, a franchisee may hire an operating manager to supervise and manage daily on-site operations, provided the manager meets minimum standards, completes initial training, and signs confidentiality agreements. The Gallery must always be managed and supervised on-site by either a Managing Owner or an Operating Manager. |
| Required Suppliers | Franchisees must purchase or lease certain source-restricted goods and services for Gallery development and operation, including System Supplies, branded furniture and fixtures, signage, computer equipment, credit card processing, online ordering/customer rewards/gift card systems, and branded marketing materials. These items must meet franchisor specifications and may be purchased from approved or designated suppliers, which may include the franchisor or its affiliates. |
| Supply Restrictions | The franchisor may designate itself or its affiliates as exclusive suppliers for source-restricted goods and services, or designate a third party as the sole and exclusive supplier, regardless of competing options. Franchisees must submit written requests for approval of alternative suppliers, including samples and testing data, and may be charged a fee for evaluation. Approval is at the franchisor's sole discretion, considering factors like supplier ability to meet standards and the overall interests of the System. |
| Franchisor Revenue from Suppliers | The franchisor and/or its affiliates may receive rebates, payments, and other material benefits from suppliers based on franchisee purchases. The franchisor reserves the right to institute and expand rebate programs in the future. As of the Issuance Date, the franchisor has not received revenue from suppliers from franchisee purchases of source-restricted products or services and does not provide franchisees with material benefits based on their purchases from specific suppliers. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease or other obligation. |
The Grace Galleries IFG Franchise Earnings — Item 19
The Grace Galleries IFG does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
The Grace Galleries IFG does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
The Grace Galleries IFG Litigation & Risk Flags
Clean Litigation RecordThe Grace Galleries IFG has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
The Grace Galleries IFG System Growth
Total Units
1
Franchised
0
Company-Owned
1
The Grace Galleries IFG currently operates 0 franchised locations and 1 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 0 | 0 | 0 |
| 2020 | 1 | 0 | 1 |
| 2021 | 0 | 0 | 1 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 23 states: California, Connecticut, Florida, Hawaii, Illinois, Indiana, Kentucky, Maine, Maryland, Michigan, Minnesota, Nebraska, New York, North Carolina, North Dakota, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin
Franchisor Financials (Item 21)
00
Total Assets
$100K
Audited by Metwally CPA PLLC for year ending December 31.
The Grace Galleries IFG Franchise — FAQ
The total investment to open a The Grace Galleries IFG franchise ranges from $91,000 to $144,700, per their Franchise Disclosure Document. This includes the initial franchise fee of $50,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
The Grace Galleries IFG charges a royalty fee of Fixed Monthly Royalty: $0-$1,750 per month; 10% of Online Gross Sales of gross sales, plus a Up to $1,000 per month, currently not charged (Brand Development Fund); Up to $500 per month (Local Marketing) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the The Grace Galleries IFG Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from The Grace Galleries IFG to ensure you have the most up-to-date version.
The Grace Galleries IFG does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
The Grace Galleries IFG has been franchising since 2022. The FDD shows an investment range of $91,000-$144,700, a Fixed Monthly Royalty: $0-$1,750 per month; 10% of Online Gross Sales royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $50,000 and the total investment ranges from $91,000 to $144,700 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from The Grace Galleries IFG and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with The Grace Galleries IFG or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com