Talk about one of the largest retailers in the country, the name Hobby Lobby will be on the list. Hobby Lobby is an enormous player when it gets to arts and crafts. Let’s read Is Hobby Lobby A franchise?
Hobby Lobby is a caravan of arts and crafts stores that started as a home business. From a home business in the city of Oklahoma, the store grew to be as successful as it is today.
As of 2022, Hobby Lobby is not a franchise. Franchise companies give people a right to use their brand in business for a stipulated fee. But with Hobby Lobby it is not so. Hobby Lobby owns and takes care of all its stores; rights are not leased out to persons who want to use the name or the brand.
What is Hobby Lobby?
Hobby Lobby was initially known as Hobby Lobby Creative Centre. It is an American retail company with chains of arts and crafts stores all over the country. It boasts of 969 stores in about 47 states in the United States of America. This means every state in the United States has a Hobby Lobby store except in states like Alaska, Hawaii, and Vermont.
Hobby Lobby is essentially an arts and crafts store but also deals in other categories as listed on the company’s website;
- Crafts and hobbies
- Wearable arts
- Arts supplies
- Floral and weddings
- Home décor and frames
- Beads and jewelry
- Yarn and needle arts
- Scrapbook and papercrafts
- Fabric and sewing
- Party and baking and
- Seasonal
Who Owns Hobby Lobby?
The Hobby Lobby company is different from all others because it is privately owned. The company was started by David Green in 1972 with a loan of $600 in Northwest Oklahoma. David Green was previously a supervisor with a variety store which he later left to manage his store.
David Green and his family are pious Christians who employ six days weekly work directory. Yes, no Hobby Lobby gets to open on a Sunday. According to Green, this is to allow employees and customers to worship and also time for family.
David Green and his wife are blessed with two sons and a daughter. Mart, the eldest son is the founder and CEO of Marden Christian and Education. Steve, the second son is currently the president of Hobby Lobby and also the primary founder of the Museum of the Bible. While the youngest child and only daughter are the Creative Director for the Hobby Lobby company.
What Are The Requirements To Commence A Franchise?
A lot of people want to start up various businesses but do not want to start from scratch, rather they prefer buying a franchise. In a franchise, the business is owned and run by an individual called the franchisee but it is overseen and branded by a larger parent company known as the franchisor. To start a franchise, the following are needed:
- More than enough capital
- A business plans
- Great management skills and expertise
- Legal requirements – this involves meeting up with any regulatory or legal requirement demanded by the franchise.
- Proper research on how franchising works.
How Possible Is It To Buy A Hobby Lobby Franchise?
The truth remains that buying a Hobby Lobby franchise is not possible. This is because it is a privately owned company and has possession of all the Hobby Lobby stores. All the profits come and stay within the company. But if you’re interested in having a start-up like Hobby Lobby, it is achievable though it will require millions of figures as Hobby Lobby runs superstores,s not small stores.
Does Hobby Lobby Have A Return Policy?
Yes, Hobby Lobby has a return policy. A customer can return items bought if 90 days haven’t elapsed. In the case where the items were bought online, the condition for the return policy states that the items must not be opened or used.
Having returned your item and it is approved, you can get a refund, exchange the item or even get a store credit. It is also to note that the shipping fee is only returned if the company decides that they are responsible for the error which brought about the withdrawal of the item.
What are the Values of Hobby Lobby?
Hobby Lobby is built and continues on some set of values. These values are:
- Honoring God in all and running the business in a manner that follows Bible teachings.
- Providing a return on the family’s investments, sharing the lord’s blessing,g and investing in the community.
- Offering customers good values and
- Providing services to employees and their relatives which are achieved by creating policies that build and strengthen it.
Other Franchise Stores:
Knowing that Hobby Lobby isn’t a franchise and can’t be bought as one, there are other stores one can consider buying if interested in franchising. Some of them include:
- Uptown Cheapskate
- Mc Donalds
- Dominos
- Subway
Conclusion
Hobby Lobby is not a franchise nor is it an intending franchise. It operates and takes charge of all its stores. Third parties are not leased to. Considering the kind of stores that Hobby Lobby owns-superstores, if they are to sell to a franchise, it will be in millions.
Therefore, Hobby Lobby is privately owned and not a franchise.
Frequently Asked Questions
1. What state has the largest and biggest Hobby Lobby store?
Texas State in the United States has the largest Hobby Lobby Store. There are about 111 locations in Texas.
2. Is Hobby Lobby a Christian Store?
Hobby Lobby Store is a Christian-owned company. David Green and his family who are the owners are evangelical Christians and the company’s values are a reflection of their faith. The owners incorporate the Christian media and the American conservative values into their working principles.
3. Does Hobby Lobby offers a 401(k) plan to employees?
Yes, Hobby Lobby offers the 401(k) plan to employees. The plan is such that employees are allowed to save and invest some portions of their salary.
4. How many employees does Hobby Lobby have:
Hobby Lobby has about 43,000 employees spanned the 47 states in the United States.
5. Wat benefits does an employee get in Hobby Lobby?
An employee gets access to the following benefits:
- Medical. Prescription and dental benefits
- Employee discount
- Paid vacation
- Flexible spending plan
- Insurances
- 401(k)Personal/sick pay
6. Does Hobby Lobby have a sister company?
Martel is often referred to as a sister company to Hobby Lobby by most persons. Truth is that both companies are under the leadership of the Green family but the two companies don’t own each other. Martel company was founded by Mart Green, the eldest son of David Green who is the founder and CEO of Hobby Lobby.
