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Entrepreneur: Start & Grow Your Business

Remote Control Hobbies

Remote control hobby vehicles, parts & accessories

Background

Founded: 2003 Franchising since: 2004
5435 Boatworks Dr., #1
Littleton, Colorado 80126
Phone:
(303)804-0470

Franchisee Association
National Hobby Store Assoc.

Franchisor is a privately-held company with 10 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 12 0 0 0
2007 7 0 0 1
2006 7 0 0 1
2005 5 0 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

Exclusive territories available.
Territory size: 50,000 population within a 7.5-mile radius

Costs and Fees

Total investment: $111.9K-315.9K
Franchise fee: $18K-22K
Ongoing royalty fee: 2.5%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $200K
Cash liquidity requirement: $50K
Business Experience:
  • General business experience
  • Hobby interest a plus

Operations
  • 25% of all franchisees own more than one unit
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 7 weeks
  • At franchisee's location: 6 weeks

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

Marketing Support
  • Co-op advertising
  • National media