I9 SPORTS Franchising Information & Startup Cost, REVENUE INFORMATION, AND OPPORTUNITIES
i9 Sports is considered to be the largest sports league for youth in the United States of America with more than a million registrations across the country. The franchisees of the company offer camps and clinic, a sports league for young boys and girls between the ages of 3-14. It is a favorable franchise to buy into and so you might want to know how much is an i9 Sports Franchise.
ABOUT THE COMPANY
i9 Sports was established in the year 2002 by Frank Fiume. Their franchisees are involved in the operation of local youth sport leagues and they also organize clinics and camps for young girls and boys. The sports that are being run by an i9 Sports Franchise are basketball, soccer, flag football, softball, cheer, and lacrosse.
IS I9 SPORTS A FRANCHISE
The company offers franchise opportunities to the public and they started selling the franchise in the year 2003 based on a working franchise model that is set to bring success to the franchisee’s business. So i9 Sports is a Franchise?
THE FRANCHISE OFFER
Buying into an i9 Sports Franchise will offer you the opportunity to buy into a low-cost franchise that has the potential to offer you a high return. Since the company began to sell franchises, it has assisted a lot of entrepreneurs across the country to bring their dreams to reality and making a tangible living out of doing something they are passionate about. Franchisees with the company will be given the opportunity to raise the bar when it comes to sports among youth and also present alternatives to the common competitive culture which is a feature of modern day sports.
HOW MUCH DOES AN I9 SPORTS FRANCHISE COST?
The initial investment that is needed in establishing an i9 Sports Franchise will range between $60,000 and $70,000. New franchisees will also be required to have a net worth of about $100,000 and then a liquid cash requirement of about $50,000
I9 SPORTS FRANCHISE FEE
When you decide to buy an i9 Sports Franchise, you will be expected to make an initial franchise fee payment to the company. This fee will give you the license to operate under the company’s brand identity and it is renewable after a period of time. The i9 Sports Franchise fee is $24,900. New franchisees with the company will also be expected to make an ongoing royalty fee of about 7.5% and an ad-royalty fee of 1% of the monthly gross revenue of the franchise unit.
HOW MUCH DOES AN I9 SPORTS FRANCHISE MAKE?
The average income that an i9 Sports Franchise owner can make will depend on the ability of the franchise owner to utilize the working franchise model of the company. And also the location of the franchise unit will also determine the earnings at the franchise unit. Actual figures that can be realized annually can be gotten in the FDD as the company does not disclose this to the public. New franchisees can also consult with exiting franchisees of the company for information on the revenues that can be realized in the business.
BENEFITS OF AN I9 SPORTS FRANCHISE
When you buy into the company’s franchise you will have the opportunity to buy into a home-based business that will offer you work flexibility, freedom and work/life balance. The investment level is also considered to be one of the lowest in the industry with a huge market. There are more than 42 million children involved in the i9 Sports League on a yearly basis. Franchisees will also have the opportunity to earn from a multiple streams of income and also have an exclusive protected territory.
i9 Sports Franchise owners are seen from different works of life. But to be considered for a franchise opportunity with the company, you will need to possess these qualities.
- Marketing and sales skills with the ability to pay attention to details
- There is no need to have a previous experience in sports
- Franchisees will be required to have the time to focus on the business full time
- And they will also be expected to be self-motivated with the desire to succeed
Every new franchisee with the company will be expected to undergo a mandatory training program to equip them for the business challenges ahead. Training involves an initial 5 days of intensive teaching at the company’s head office in Florida. Additional training will also be offered in the course of running the business.
i9 Sports Franchise does not offer any form of direct financing to their franchisees. The company, however, has 3rd party affiliate with other lending institutions that offer funding to franchisees to set up their new franchise unit.
Franchisees will be offered an exclusive territory depending on the number of children within that particular location. A protected territory is not expected to have more than 80,000 children.
HOW TO OPEN AN I9 SPORTS FRANCHISE
If you need additional information on how to open an i9 Sports Franchise you can submit your application to the company’s website: https://www.i9sportsfranchise.com/research/initial-investments-startup-costs/
Once your application is received, you will be contacted if you are considered eligible for a franchise opportunity with them.
If you are considered for a franchise opportunity, the company will assign a franchise manager, whose responsibility will be to assist you with the setting up of your new franchise unit.