Velocity Sports Performance
Sports performance trainingBackground
Founded: 1999 Franchising since: 2002
Franchisor is a privately-held company with 20 employee(s); 3 employee(s) in franchise department.
Franchise Growth
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, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Australia/new zealand, Canada, Eastern europe, Western europe
Exclusive territories available.
Territory size: 50,000+ children & young adults aged 24 and under
|
4340 Von Karman, #100 Newport Beach, California 92660 |
Phone: (949)567-0031 |
Franchisor is a privately-held company with 20 employee(s); 3 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2007 | 65 | 2 | 0 | 5 |
| 2006 | 71 | 2 | 0 | 1 |
| 2005 | 52 | 1 | 0 | 1 |
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, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Australia/new zealand, Canada, Eastern europe, Western europe
Exclusive territories available.
Territory size: 50,000+ children & young adults aged 24 and under
Costs and Fees
|
Total investment: $554.8K-1.5M Franchise fee: $54K |
Ongoing royalty fee: 6% Term of agreement: 10 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | No |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | No |
| Payroll | No | No |
Third-party financing source(s): Wirth Business Credit, Guidant
Qualifications
Net worth requirement: $1.5M
Cash liquidity requirement: $250K
Business Experience:
- General business experience
- Marketing skills
Operations
- 20% of all franchisees own more than one unit
- Number of employees needed to run franchised unit: 9 - 15
- Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
Other marketing support
- Available at headquarters: 2 weeks
- At franchisee's location: 1 week
- Periodic conferences; quarterly sales training
Ongoing Support
- Newsletter
- Meetings
- Internet
- Security/safety procedures
- Field operations/evaluations
- Purchasing cooperatives
Other marketing support
- Direct-mail pieces & marketing brochures