United States Basketball League
United States Basketball League
46 Quirk Rd.
Milford, CT 06460
800#: (800) THE USBL
Tel: (203) 877-9508
Fax: (203) 878-8109
E-Mail: [email protected]
Web Site: www.usbl.com
Contact: Mr. Daniel Meisenheimer, III, President
The USBL is the first and only sports league structured as a franchisor and the only publicly traded sports league (OTCBB: USBL). The USBL is 19 years old with11 teams and 136 USBL players have made the NBA. Visit the USBL Website at www.usbl.com.
Franchisor Background
Established: 1985
First Franchise: 1990
Franchise Units: 11
Company-Owned Units: 0
Total Units: 11
Distribution:
U.S. -- 11;
Canada -- 0;
International -- 0
-North America -- Operations in 6 States
-States/Provinces with Greatest Density: 2 in NY, 2 in KS, 1 in FL
Projected New Units Over Next 12 months: 4
Franchisee Qualifications: 4, 4, 3, 3, 3, 4
(Click here for an explanation)
Registered in Following Registration States: FL,NY,DC (Click here for an explanation)
Average Number of Employees: 4 FT, 15 PT (FT = Full Time, PT = Part Time)
Space Needs: NA SF; FS
(Click here for abbreviations)
Encourage Conversion: NA
Financial Requirements
Cash Investment: $500K
Total Investment: $500-750K
Average Total Investment: $625.0K
Minimum Net Worth: $1MM
Fees:
-Franchise: $300K
-Average Franchise Fee: $300.0K
-Royalty: 5%/$25K
-Average Royalty: 5.0%
-Advertising: 1%/$3K
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Not Allowed
Area Development Agreements: Yes/10
Sub-Franchising Contracts: Yes
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(D)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 8
On-Going Support: A,b,C,d,e,f,G,h,I (Click here for an explanation)
Training: 2 Weeks CT or PA.
Franchisor's Specific Expansion Plans
U.S.: All U.S., East of Miss.
Canada: All Canada
Overseas: Europe, Far East
Note: NR = No Response by Franchisor.
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