- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$97K - $128K
- Units as of 2023
-
14 600.0% over 3 years
Company Overview
About M14Hoops
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Fitness Programs, Sports |
| Founded | 2009 |
| Leadership | Nick Gabrione, VP, Business Development |
| Corporate Address |
2414 Church Rd. Aurora, IL 60502 |
| Social | Facebook, Instagram |
Business Overview
| Franchising Since | 2021 (3 years) |
|---|---|
| # of employees at HQ | 20 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming |
| # of Units | 14 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a M14Hoops 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
|
$49,500 |
|---|---|
|
Initial Investment
|
$97,380 - $127,500 |
|
Net Worth Requirement
|
$250,000 |
|
Cash Requirement
|
$100,000 |
|
Royalty Fee
|
8% |
|
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 | 50 hours |
|---|---|
| Classroom Training | 130 hours |
| Ongoing Support |
Grand Opening
|
| Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
Yes |
|
Are exclusive territories available?
|
Yes |
Additional Rankings
Curious to know where M14Hoops ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to M14Hoops.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
These Are the Top New and Emerging Franchises of 2024 — And You Can Start One for Less Than $5,000
We evaluated new and emerging brands based on the same rigorous criteria used in the Franchise 500 process, analyzing more than 150 data points.
Discover the Low-Risk, High Reward of Owning this Property Restoration Franchise
PuroClean offers multiple revenue streams with services related to water, fire, smoke, mold and biohazard damage.
McDonald's Announces the Return of the Snack Wrap in 2025 — Here's What to Expect From Its Comeback
The decision comes after years of persistent customer demand for the portable snack, which debuted nearly two decades ago.
Ready to Own a Business? Check Out These 15 Franchises You Can Start For Under $25K
Looking for an inexpensive franchise to open? Explore the best franchises under $25k, according to the 2024 Franchise 500 Ranking.
Why Opening a Second Location Requires a Fresh Strategy (Even If Your First Was a Hit)
Here are some key points to consider before adding another location to your burgeoning multi-unit brand.
Jeff's Bagel Run Offers a Dynamic, Rapidly Expanding Franchise Concept!
Jeff's Bagel Run franchisees provide their customers with a unique and high-quality product offering that includes bagels made from scratch and custom coffee programs.