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Amazing Athletes Franchise ProfileChildren’s Franchises > Children's Fitness |
What Are the Initial Investment Requirements for an Amazing Athletes Franchise?
To open an Amazing Athletes franchise, you will need to prepare for an initial investment that ranges from $75,000 to $242,500. This includes a franchise fee of $49,500. Additionally, you’ll need to have liquid cash available between $75,000 and $108,500 and a net worth requirement of $100,000 to $500,000. Understanding these financial commitments is crucial for aspiring franchisees to ensure they can support both startup and ongoing operational costs.
What Are the Financial Performance Metrics for Amazing Athletes Franchisees?
Amazing Athletes franchisees can expect an average annual revenue of $157,447 per unit, with a median revenue of $144,481. The revenue range varies significantly, with the lowest reported annual revenue at $20,016 and the highest reaching $425,181. Notably, franchisees can anticipate a breakeven period of about 12 months and a payback on their investment within 16 months, making it a potentially lucrative opportunity for those willing to commit.
What Are the Ongoing Fees Associated with an Amazing Athletes Franchise?
Franchisees of Amazing Athletes should be prepared for ongoing fees, including an 8% royalty fee on gross sales and a 1% marketing fee. These fees are essential for maintaining brand standards and supporting collective marketing efforts. Understanding these ongoing financial obligations will help franchisees plan their budget effectively and ensure they are aligned with the franchise’s growth strategy.
How Has the Amazing Athletes Franchise Grown Over Recent Years?
The Amazing Athletes franchise has seen fluctuations in its growth, with 21 franchised units in 2021, decreasing to 16 in 2022, and further down to 10 in 2023. This trend is mirrored in the corporate units, which also declined from 21 to 10 over the same period. This data highlights the importance of evaluating market conditions and operational challenges that may affect franchise growth, guiding potential investors in their decision-making process.
Amazing Athletes Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Amazing Athletes Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 42 | 32 | 20 |
| Net Change YoY | -10 | -12 | |
| Franchised Units | 21 | 16 | 10 |
| Net Change YoY | -5 | -6 | |
| Corporate Units | 21 | 16 | 10 |
| Net Change YoY | -5 | -6 |
Low Initial Investment
Amazing Athletes offers a low initial investment range, starting at $75,000 and going up to $242,500. This affordability makes it an attractive option for aspiring franchisees looking to enter the sports education industry without a prohibitive financial barrier.
Franchise Fee
The initial franchise fee for Amazing Athletes is set at $49,500. This fee grants franchisees access to the brand's established business model, training programs, and ongoing support, providing a solid foundation for a successful franchise operation.
Royalty and Marketing Fees
Franchisees are required to pay an ongoing royalty fee of 8% of gross sales, along with a marketing fee of 1%. These fees contribute to the brand's marketing efforts and operational support, ensuring franchisees benefit from a strong national presence and promotional initiatives.
Financial Performance
Amazing Athletes demonstrates strong financial performance with an average annual revenue of $157,447 per unit. The median revenue stands at $144,481, showcasing the potential for profitability within the franchise model. The highest annual revenue reported is an impressive $425,181, highlighting the opportunity for growth.
Breakeven and Payback Period
Franchisees can expect to reach breakeven within approximately 12 months, with an investment payback period of around 16 months. This swift return on investment is appealing for those looking to quickly recoup their initial costs and start generating profit.
Franchise Growth
Amazing Athletes has shown a steady decline in the number of franchised and corporate units over recent years, with 21 franchised units in 2021, reducing to 10 in 2023. This trend may indicate a strategic pivot or consolidation, which potential franchisees should consider when evaluating the brand's growth trajectory and market presence.
Frequently Asked Questions
The initial investment for an Amazing Athletes franchise ranges from $75,000 to $242,500, which includes the franchise fee of $49,500.