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2021 Franchise 500 Rank
#428 Ranked #393 last year
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Initial investment
$186K - $228K
Units as of 2021
131 5.8% over 3 years

Company Overview

Chuck Weisenfeld opened the first Crown Trophy store in Brooklyn, New York, in the summer of 1978. He began franchising the concept in 1987, and developed exclusive products that would be available only at Crown Trophy stores. Initially the business focused on providing awards and recognition items to local sports leagues, youth groups, clubs, schools and organizations. More recently, the company's offerings have expanded to include high-end corporate awards as well.

About Crown Trophy

Industry
Retail
Founded
1978
Parent Company
Crown Trophy Inc.
Leadership
Chuck Weisenfeld, Johnm@crowntrophy.com

Franchising Overview

Franchising Since
1987 (34 years)
# of employees at HQ
16
# of Units
131 (as of 2021)

Franchisor Information

Corporate Address
9 Skyline Dr.
Hawthorne, NY 10532

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Crown Trophy 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
$35,000
Initial Investment
$186,150 - $227,700
Net Worth Requirement
$50,000 - $1,000,000
Cash Requirement
$50,000 - $60,000
Veteran Incentives
5% off franchise fee
Royalty Fee
5%
Term of Agreement
5 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Crown Trophy has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory

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
12 hours
Classroom Training
52 hours
Additional Training
Annual franchise meeting
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
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
# of employees required to run
2
Are exclusive territories available?
Yes

Franchise 500 Ranking History

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

Additional Rankings

Curious to know where Crown Trophy ranked on other franchise lists? Find out below.

Ranked #428

Franchise 500 Ranking

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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