Parisi Speed School

Parisi Speed School

Youth sports performance training
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2021 Franchise 500 Rank
N/R Ranked #424 last year
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Initial investment
$9K - $184K
Units as of 2020
102 22.9% over 3 years

Company Overview

Bill Parisi started Parisi Speed School in 1992 by offering free clinics and seminars on speed training and motivation for high school athletes. The next year, he opened a 3,000 square-foot personal training studio in Wyckoff, New Jersey, to offer youth sports performance training. Over the years, he opened three more faciltiies, combining health clubs with Parisi Speed Schools. He began franchising the concept in 2005. Parisi Speed Schools offer training to improve speed, coordination, agility, flexibility and endurance for children 7-years-old and up, adults, and even professional athletes.

About Parisi Speed School

Founded
1992
Leadership
Bill Parisi, CEO

Franchising Overview

Franchising Since
2005 (16 years)
# of employees at HQ
7
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
102 (as of 2020)

Franchisor Information

Corporate Address
516 Commerce St.
Franklin Lakes, NJ 07417

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Parisi Speed School 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
$2,000 - $6,000
Initial Investment
$9,000 - $183,500
Cash Requirement
$20,000
Veteran Incentives
Free tactical marketing or business support for six months
Royalty Fee
$250-$600/mo.
Term of Agreement
30 months
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
Parisi Speed School has relationships with third-party sources which offer financing to cover the following: franchise fee, 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.

Classroom Training
24 hours
Additional Training
Virtual training
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
Yes
# of employees required to run
2
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Parisi Speed School landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Parisi Speed School ranked on other franchise lists? Find out below.

Ranked #87

Top Franchises for Less Than $50,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021