Crown Trophy
Award and recognition items
- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$168K - $228K
- Units as of 2022
-
136 1% over 3 years
Crown Trophy, established in Brooklyn, New York in 1978, is one of the largest retailers of award and recognition trophies in the United States. It is a one-stop-shop for trophies and awards for any occasion and has subsequently secured its footing as a leader in the industry.
Crown Trophy currently has over 130 locations in 40 states. Their 100,000 sq. ft. corporate office and warehouse in Hawthorne, New York, strives to use state-of-the-art equipment and houses its franchise team and graphic artists.
Why You May Want to Start a Crown Trophy Franchise
Operating a Crown Trophy franchise is an easy way to run a community-oriented business. The company focuses on serving local sports leagues, youth groups, schools, and clubs. This is what made it an instant success when founder Chuck Weisenfield opened his first location.
But not only will you be giving out trophies to Little Leaguers and student achievers. You’ll also be selling awards for executives in corporate settings, personalized gifts, and banners. With a dedicated showroom in each store that showcases award options, Crown Trophy is truly a sight to behold, and its products are a great way to bring a smile to someone’s face.
As a Crown Trophy franchisee, you’ll receive ongoing support from lease negotiations, security and safety procedures, email marketing, web development, and training. You will go through a few hours of on-the-job training and several dozen hours of classroom training. Additionally, you will attend annual Crown Trophy franchise meetings where you can meet with other franchisees and learn best practices for your business.
What Might Make a Crown Trophy Franchise a Good Choice?
Crown Trophy has a long history of ranking in Entrepreneur’s Franchise 500. That ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
Its relatively low franchise fee, unique hold over the market, and small employee requirement—you only need two people to operate a store—may make it an easy investment to add to a portfolio and run daily. You also have the opportunity to hold exclusive territory in your locale. Seeing as there are not many other franchising competitors in the market, you can potentially become the only resource for customizable awards and trophies in the area.
To be part of the Crown Trophy team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include royalty fees. The term of an agreement typically lasts for five years, and the contract is renewable.
How To Open a Crown Trophy Franchise?
To open a Crown Trophy franchise, you’ll need a cash requirement and net worth minimum set by the company. You cannot be an absentee franchisee, meaning you will have to work in the business itself. You also cannot run this franchise part-time. To begin your Crown Trophy franchise journey, simply submit a franchise inquiry form.
Company Overview
About Crown Trophy
- Industry
- Retail
- Related Categories
- Miscellaneous Retail Businesses, Miscellaneous Recreation Businesses, Sports Equipment & Apparel
- Founded
- 1978
- Parent Company
- Crown Trophy Inc.
- Leadership
- Chuck Weisenfeld, Johnm@crowntrophy.com
- Corporate Address
-
9 Skyline Dr.
Hawthorne, NY 10532
Business Overview
- Franchising Since
- 1987 (2023-1987 years)
- # of employees at HQ
- 16
- Where seeking
-
This company is offering new franchisees throughout the US.
- # of Units
- 136 (as of 2022)
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
- $168,150 - $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
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite Selection
- Marketing Support
-
Ad TemplatesSEOWebsite DevelopmentEmail Marketing
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
Interested in ownership opportunities like Crown Trophy? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Crown Trophy landed on this year's Franchise 500 Ranking versus previous years.
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