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Entrepreneur: Start & Grow Your Business

Crown Trophy Inc.

Award & recognition items

Background

Founded: 1978 Franchising since: 1987

9 Skyline Dr.
Hawthorne, New york 10532
Phone:
(800)583-8228/ (914)347-7700


Franchisor is a privately-held company with 40 employee(s); 6 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 147 0 0 0
2008 144 0 0 0
2007 139 0 0 0
2006 136 0 0 0
2005 132 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: 5-10 miles, 200,000 population

Special Programs

Costs and Fees

Total investment: $168.5K-199.5K
Franchise fee: $35K
Ongoing royalty fee: 5%
Term of agreement: 5 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Cash liquidity requirement: $50K-60K
Business Experience:
  • Marketing skills
  • People skills; leadership skills

Operations
  • 10% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 9 days
  • At franchisee's location: 4 days
  • Annual franchise meeting

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Ad slicks
  • Regional advertising

Other marketing support
  • In-house marketing materials, catalogs, exclusive products

Rankings

Franchise 500® rank:
#307 (2009); #291 (2008); #276 (2007); #242 (2006); #237 (2005);