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- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$200K - $350K
- Units as of 2020
19 111.1% over 3 years
Here’s what you need to know if you’re interested in opening a Paniq Room franchise.
Real-life can be boring, and sometimes, playing a game with unpredictable odds is just the thing we need to feel alive again. Paniq Room is an escape room brand that immerses customers into real-life mysteries to captivate and challenge them.
Co-founded in Hungary, in 2011 by Akos Gabossy, Paniq Room made history as the first international escape room chain. Using décor, service, themes, and stories that challenge players to engage in games, Paniq Room believes it knows how to set off a tsunami of fantastic entertainment.
Players may love Paniq Room escape rooms for their ability to captivate and excite with mysteries, brainteasers, and unrivaled customer service.
Since beginning to franchise in 2017, Paniq Room has opened several locations in the United States and beyond.
Why You May Want To Start a Paniq Room Franchise
If you like to think outside the box and believe that entertainment should enrich lives, opening a Paniq Room franchise could be an exciting opportunity for you. For franchisees, Paniq Room offers two franchise types; single-unit franchise and area development franchises.
Potential franchisees should love new opportunities, have a good work ethic, and good customer service skills. Having entertainment experience may not be necessary, and franchisees can come from all walks of life.
Research suggests that customers trust big and reputable brands, and opening a Paniq Room franchise could offer a more predictable outcome than investing in a completely new brand. As the escape room industry grows, notable brands may control a huge market share, and Paniq Room believes it offers a solid growth model.
What Might Make a Paniq Room Franchise a Good Choice?
Paniq Room has an international presence and, as an industry leader, may be well-placed to take advantage of the rising demand for real-life entertainment. At Paniq Room, players may always get their money's worth when they play with family, friends, or colleagues. Paniq Room encourages teams to rely on their unique talents and skills to overcome the escape room tricks.
Paniq Room emphasizes its ability to evolve to customer needs in ways that will keep them coming back. Franchisees should expect to keep operations at their Paniq Room location in tip-top shape to satisfy customer expectations and upgrade game themes to keep things vibrant every year.
To be part of the Paniq Room team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees.
How To Open a Paniq Room Franchise
Paniq Room tries to streamline the franchise process by providing training to franchisees. The brand is prepared to provide you with knowledge, support, and unit design to ensure that you meet customer expectations.
As you decide if opening a Paniq Room franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Paniq franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
After completing the initial steps of applying for the Paniq franchise, you should compile a set of questions as you move forward with an initial phone call and attend a company discovery day.
About Paniq Room
- Franchising Since
- 2017 (5 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states:
This company is seeking new franchisees in the following international regions:
- # of Units
- 19 (as of 2020)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Paniq Room 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $200,000 - $350,000
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 5 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Paniq Room has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
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
- 24 hours
- Ongoing Support
Grand OpeningSite Selection
- Marketing Support
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Are you eager to see what else is out there? Browse more franchises that are similar to Paniq Room.
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