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i9 Sports Franchise ProfileSports Franchises > Sports Leagues |
The i9 Sports franchise offers a low initial investment ranging from $36,500 to $69,900, with a franchise fee of $24,900. Aspiring franchisees should be prepared for a cash requirement between $59,900 and $69,900. Additionally, a net worth of $200,000 to $300,000 is necessary to qualify for ownership. This financial structure makes i9 Sports an accessible opportunity for many entrepreneurs looking to enter the sports franchise market.
Franchisees can expect an average annual revenue of approximately $490,592, with a median annual revenue of $533,644. The franchise has shown impressive revenue performance, with the highest annual revenue reaching $1,871,983. This potential for strong financial performance highlights the viability of the i9 Sports model in the competitive youth sports sector.
The i9 Sports franchise has a breakeven time of just 12 months, with an investment payback period of around 15 months. This quick return on investment is appealing to new franchisees. Additionally, the average operating expenses total $176,427 annually, which includes personnel, marketing, and other operational costs. Understanding these financial metrics is crucial for managing the franchise effectively.
The i9 Sports franchise has experienced steady growth, increasing from 172 franchised units in 2021 to 218 in 2023. This growth trend reflects the brand's expanding market presence and popularity in youth sports. Franchisees can benefit from joining a network that is continually evolving and capturing a larger share of the sports franchise market.
i9 Sports 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.
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i9 Sports 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 | 173 | 193 | 218 |
Net Change YoY | 20 | 25 | |
Franchised Units | 172 | 192 | 218 |
Net Change YoY | 20 | 26 | |
Corporate Units | 1 | 1 | 0 |
Net Change YoY | 0 | -1 |
The i9 Sports franchise offers a low initial investment ranging from $36,500 to $69,900, with an initial franchise fee of $24,900. Aspiring franchisees should be prepared with $59,900 to $69,900 in cash, and a net worth of $200,000 to $300,000. This financial structure makes it accessible for many entrepreneurs looking to enter the youth sports industry.
Average annual revenue per i9 Sports unit is reported at $490,592, with a median revenue of $533,644. Units have shown a wide revenue range, from as low as $180,220 to as high as $1,871,983. This variability highlights the potential for significant earnings based on location and management effectiveness.
Franchisees are subject to a royalty fee of 7.5% of gross sales, alongside a marketing fee of 1%. These fees contribute to the ongoing support and brand promotion provided by i9 Sports, ensuring franchisees have the resources needed to attract and retain customers in their local markets.
The typical breakeven period for an i9 Sports franchise is approximately 12 months, with an investment payback period of around 15 months. This relatively quick return on investment is appealing for new franchisees, allowing them to start realizing profits sooner.
i9 Sports has demonstrated consistent growth in franchised units, increasing from 172 in 2021 to 218 in 2023. This upward trend indicates a strong demand for youth sports programs and reflects the franchise's successful expansion strategy in the marketplace.
Franchisees can expect average operating expenses of $176,427 annually, which includes personnel, marketing, and other operational costs. Understanding these financial metrics is crucial for managing profitability and ensuring the long-term success of the franchise.
Frequently Asked Questions
The initial investment for an i9 Sports franchise ranges from $36,500 to $69,900, which includes the initial franchise fee of $24,900.