Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$246K - $452K
- Units as of 2020
26 136.4% over 3 years
Here’s what you need to know if you’re interested in opening a Redline Athletics franchise.
Redline Athletics is a sports coaching company offering sports development assessments and opportunities to junior and senior athletes ages 8 to 18. The program focuses on enhancing core, speed and power, and the ability to rise above any situation on the playing field. Headquartered in Scottsdale, Arizona, the company has opened over 25 locations in more than ten states. There are plans for more franchises to open in the near future as Redline Athletics continues to look forward.
Why You May Want to Start a Redline Athletics Franchise
A Redline Athletics franchise might provide opportunity seekers a chance to mix their passion for sports and business aspirations. By becoming a franchisee, you get an entire team of experienced and dedicated franchise support professionals who will help you open your location and start building your dreams using the company's tested and proven systems. Developed by award-winning franchise developer John Leonesio, the Redline Athletics business model may be built for growth.
A Redline Athletics franchise comes with the brand's proprietary technology suite, which helps new franchisees establish, manage and expand their business. Among its features, the package includes a point-of-sale system (POS) for aspects of management related to client utilization, scheduling, and revenue. The POS data goes to the company's core business review to help each franchisee meet and exceed its goals.
What Might Make a Redline Athletics Franchise a Good Choice?
Redline Athletics franchisees may garner income from memberships, private training, semi-private training, leagues, group fitness, merchandise, and gift cards. There may be a high demand for special sports training within the age bracket targeted by the brand.
To be part of the Redline Athletics 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 renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. The franchise term typically lasts for ten years, which may be renewable upon meeting specific criteria.
Redline Athletics has partnered with third-party financial lenders to help franchisees cover the costs of the startup cost, equipment, inventory, and payroll.
How To Open a Redline Athletics Franchise
If you're considering opening a Redline Athletics franchise, you can communicate your interest by filling out an application form. Once the brand determines that you're financially qualified and on the same page in terms of goals and motivations, you may move forward with the application process. You'll sign your franchise agreement, pay your initial fees, and get started with setting up your location.
The company will give you access to their franchise support portal. This portal is a custom program available exclusively to franchisees to access forms, training materials, manuals, and other things vital to the business and your role as a franchisee. From construction to marketing to day-to-day tasks and more, the company's franchise support team will be working hand in hand with you as you look to open your Redline Athletics franchise.
About Redline Athletics
- Franchising Since
- 2013 (9 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states:
- # of Units
- 26 (as of 2020)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Redline Athletics 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
- $245,733 - $452,483
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.
- Net Worth Requirement
- $100,000 - $300,000
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
- $10,000 - $75,000
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 10% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- 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
- 10 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
- Redline Athletics has relationships with third-party sources which offer financing to cover the following: 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
- Classroom Training
- 20 hours
- Ongoing Support
Meetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
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.
Interested in franchise ownership like Redline Athletics? Request a free consultation with a Franchise Advisor now.
Are you eager to see what else is out there? Browse more franchises that are similar to Redline Athletics.
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