centertec

centertec

Virtual-reality entertainment centers
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$598K - $1.8M
Units as of 2017
1

Company Overview

About centertec

Founded
2016
Parent Company
arkeyo
Leadership
William Tustin, CEO

Franchising Overview

Franchising Since
2017 (4 years)
# of employees at HQ
15
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
1 (as of 2017)

Franchisor Information

Corporate Address
2300 E. Lincoln Hwy.
Langhorne, PA 19047

Information for Franchisees

Here’s what you need to know if you’re interested in opening a centertec franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$40,000
Initial Investment
$597,753 - $1,762,240
Net Worth Requirement
$750,000 - $10,000,000
Cash Requirement
$300,000 - $1,000,000
Royalty Fee
5%
Ad Royalty Fee
4%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
42 hours
Classroom Training
22 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where centertec landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021