- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$251K - $1.9M
- Units as of 2024
-
47 683.3% over 3 years
Company Overview
About Sandbox VR
Industry | Recreation |
---|---|
Related Categories | Miscellaneous Recreation Businesses |
Founded | 2016 |
Parent Company | Glostation Core USA, Inc |
Leadership | Steve Zhao, CEO and Founder |
Corporate Address |
4695 Chabot Dr., #200 Pleasanton, CA 94588 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2019 (5 years) |
---|---|
# of employees at HQ | 120 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Asia, Australia/New Zealand, Middle East, Europe (Eastern), Europe (Western), Central America, Canada, South America, Mexico |
# of Units | 47 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Sandbox VR 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
|
$50,000 |
---|---|
Initial Investment
|
$250,719 - $1,875,464 |
Net Worth Requirement
|
$1,000,000 |
Cash Requirement
|
$750,000 |
Royalty Fee
|
5% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
10 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 | Sandbox VR has relationships with third-party sources which offer financing to cover the following: startup costs, equipment |
---|
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 | 56 hours |
---|---|
Ongoing Support |
Meetings & Conventions
Grand Opening
Online Support
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? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 8-16 |
Are exclusive territories available?
|
Yes |
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