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i9 Sports Franchise ProfileSports Franchises > Sports Leagues |
Investment Overview for i9 Sports Franchise
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.
Revenue Potential of i9 Sports Franchise
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.
Operational Insights for i9 Sports Franchise
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.
Growth Trajectory of i9 Sports Franchise
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.
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:
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 |
Investment Overview
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.
Financial Performance
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.
Royalty and Marketing Fees
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.
Breakeven and Payback Period
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.
Growth Trajectory
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.
Operational Insights
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.