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Velocity Sports Performance
VELOCITY SPORTS PERFORMANCE provides people who are passionate about kids and sports the opportunity to combine that with their passion for business. By investing in a VELOCITY SPORTS PERFORMANCE training center, franchise owners offer athletes of all ages and skill sets the chance to train in state-of-the-art facilities, under professional, certified coaches and ultimately give them the chance to take their athletic performance to the highest levels.
Franchisor Background
Year Established:
1999
Franchising Since:
2002
IFA Member
Operating Units:
Franchised Units:
75
93.8%
Company-Owned Units:
5
6.3%
______
_____
Total Operating Units:
80
100%
Geographic Distribution:
U.S.:
73
96.1%
In 30 States
Canada:
3
3.9%
In 2 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
76
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. California
11
2. Texas
8
3. New Jersey
5
Registered in Following Registration States:
California, Florida, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Oregon, Rhode Island, Washington, Wisconsin, District Of Columbia
Financial Requirements
Investment:
Minimum Net Worth:
$500-750K
Cash Investment:
$150K
Total Investment:
$350-655K
Average Total Investment:
$502K
Fees:
Initial Franchise Fee:
$54K
Average Franchise Fee:
$54K
On-Going Royalty:
2-6%
Average Royalty:
4%
Advertising Fee:
$2.5K/Mo.
Average Number of Employees:
8 Full-time, 0 Part-time
Space Needs (in square footage):
15,000-20,000
Preferred Sites:
Free-standing Building, Storefront, Strip Center, Regional Mall
