- 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 (4 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 |
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