Business Description

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

Operating Units:
Franchised Units:	75	98.7%
Company-Owned Units:	1	1.3%
Total Operating Units:	76	100.0%
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: 76 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. California	11
2. New Jersey	5
3. Texas	8

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

Other Sites:

Encourage Conversions? Not Applicable

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	5
General Business Experience:	5
Specific Industry Experience:	2
Formal Education:	4
Psychological Profile:	3
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	Yes
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	16
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Indirect
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	At Additional Cost
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Alpharetta, GA	2 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 50 U.S.: Yes, All United States Canada: Yes, All Canada Overseas: Yes, Australia and others	Request Franchisor Info   Submit an online form to receive information from Velocity Sports Performance.