Velocity Sports Performance
At a Glance
Products & Services: Sports performance training
Number of Locations:
Total Investment: $554.8K - 1.5M
Founded: 1999
Began Franchising: 2002
Private Owned
Startup Costs, Ongoing Fees and Financing
Total Investment: $554,800 - $1,500,000
Franchise Fee: $54,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $54,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $1,500,000
Liquid Cash Available: $250,000
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).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: 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