Escape Room Franchise Startup Cost, Profit & Opportunities
Are you interested in buying an escape room franchise? We want to add that it’s profitable too! A growing number of entrepreneurs are giving this a thought. You should too.
However, we aren’t going to be speaking about how to open an escape room business from scratch but rather, we’ll be looking at available escape room franchise opportunities and costs.
This specifically targets those seeking franchise opportunities.
By going through the various franchise provided below, you should find one that fits your needs and budget.
Paniq Room Franchise
Paniq Room was founded in 2011 and began franchising 6 years later in 2017. This escape room franchise is seeking to expand its franchise units globally. This presents an opportunity for prospective franchisors.
Its financial requirements include an initial investment of between $200,000 to $350,000.
The initial investment includes the franchise fee plus additional startup expenses such as equipment, supplies, real estate, working capital, and business licenses.
Ongoing fees include the initial franchise fee start from $25,000. This is paid at the signing of the franchise contract and gives the franchisee the right to use the franchisor trademark, business systems, and name.
Other ongoing fees include an ongoing royalty fee of 6% and an ad royalty fee of 1%. Paniq room offers franchising opportunities that cover several aspects of its operations.
Financing is available through third-party sources and covers startup costs, franchise fees, inventory, equipment, payroll, and accounts receivable.
The Escape Zone Franchise
The Escape Zone franchise was founded in 2015 and began franchising the same year. Headquartered in Miami, Florida, it offers franchising opportunities to prospective franchisees across the United States.
Its financial or cost implications include an initial investment ranging from $54,700 to $105,400.
Additional costs include its ongoing fees consisting of the initial franchise fee starting at $19,900. You are required to pay an ongoing royalty fee of 8%. This is a percentage of your gross sales. There’s also an ad royalty fee of 2% The ad royalty fee consist of payment for corporate advertising expenditures.
Does the Escape Zone franchise have financing options? It does! Its relationship with third-party financing sources has made that possible. Such financing covers startup costs, franchise fees, inventory, equipment, payroll, and accounts receivable.
Escapology LLC Franchise
Escapology first opened its doors for business in 2014.
Its franchising operations commenced two years later and since then have witnessed significant growth. Headquartered in Orlando, Florida, Escapology LLC is seeking new franchise units across the globe.
So, what’s the cost of this franchise opportunity?
Let’s get into details, shall we?
The financial requirement includes an initial investment within the range of $144,000 to $681,000. This depends on the size or the number of franchise units you seek. Other costs include the ongoing fees.
These consist of franchise fees starting from $37,000, an ongoing royalty fee of between 6-8% as well as an ad royalty fee of 2%.
You will need to find out if there are any financing arrangements. Certain criteria may apply though.
Now Escape
Now Escape was founded in Moscow, Russia in 2013. Since then, this franchise opportunity has spread globally with its escape rooms located across several major cities.
Operating under the Claustrophobia brand, this franchise currently has a presence in over 10 countries. To own a Claustrophobia franchise, it will cost you anywhere from $58,800.
There’s a royalty fee of 10%, a franchise fee of $3,000 and the cost of a ready-made escape room starts at $20,900. The franchise fee covers ongoing support, access to the franchises’ booking page, monthly marketing, and PR consultations, among several other benefits.
Exit Franchise
This escape room franchise prides itself as one of the leading brands in the industry. You stand to benefit from its name recognition. This automatically benefits your business as customer loyalty is assured.
Other benefits include pre-established supply lines, training programs, a built-in support system, and a proven business strategy.
There is no information about the franchise cost. However, this can be obtained after the application. A representative contacts you for further discussions.
You get to ask as many questions with the assurance that such questions will be satisfactorily answered.
The Great Room Escape
This escape room franchise opportunity offers prospective franchisees lots of benefits. Your chances for success are well guaranteed with operational manuals, operating tools, call center, room themes, and lots more.
For investors with an available site, it will take as little as four to six weeks to open your escape room after signing an agreement.
The franchisor can provide the rooms at an additional cost to you. However, its standard franchise agreement does not include room build. You also get to choose your preferred theme or settle for a custom theme. The Great Room Escape franchise does not state how much it will cost you.
However, it claims such costs are very reasonable.
You’ll need to have an in-person discussion on cost as well as any other questions you may have. This comes after contacting the franchisor.
Escape Reality
Escape Reality prides itself as the world’s best escape room. Its current global expansion plans see the franchisor looking to open franchise units in several countries.
Escape Reality offers franchisees comprehensive training and support in addition to blueprints that can be used on your site. Marketing and operational support are also included.
Escape Reality’s innovative way of doing business has created a lot of investor confidence in the brand. Its escape rooms provide fun for all types of family and tourist activities.
You’ll need to contact the franchisor to find details on its cost.
Conclusion
These are great escape room franchise opportunities you can choose from. We have been able to provide the startup costs for some of these franchises.
However, you’d notice that cost information on several of these franchises has been left out.
SEE: Escape Room Business Plan
The reasons are simple; such information has not been disclosed by the franchisors. You’ll need to contact them for such details.