I9 SPORTS Franchise Startup Cost, Profit & Opportunities
i9 Sports is considered to be the most significant 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 clinics, a sports league for young boys and girls between the ages of 3-14. It is a good franchise to buy into, so you might want to know how much an i9 Sports Franchise is.
ABOUT THE COMPANY
i9 Sports was established in the year 2002 by Frank Fiume. Their franchisees are involved in the operation of local youth sports leagues and organize clinics and camps for young girls and boys. The sports that an i9 Sports Franchise is running are basketball, soccer, flag football, softball, cheer, and lacrosse.
IS I9 SPORTS A FRANCHISE
The company offers franchise opportunities to the public. They started selling the franchise in 2003 based on a working model 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 provide you with a high return.
Since the company began to sell franchises, it has assisted many entrepreneurs across the country to bring their dreams to reality and make an honest living by doing something they are passionate about.
Franchisees with the company will be allowed to raise the bar regarding youth sports and present alternatives to the common competitive culture, a feature of modern-day sports.
HOW MUCH DOES AN I9 SPORTS FRANCHISE COST?
The initial investment needed to establish 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 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 some 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 franchise owner’s ability to utilize the company’s working franchise model.
And also, the location of the franchise unit will determine the earnings at the franchise unit.
Actual figures that can be realized annually can be obtained in the FDD as the company does not disclose this to the public. New franchisees can also consult with existing 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 one of the lowest in the industry, with a vast market. More than 42 million children are involved in the i9 Sports League every year.
Franchisees will also have the opportunity to earn from multiple income streams and 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 must 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 five 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 direct financing to its franchisees.
The company, however, has 3rd party affiliates with other lending institutions that provide 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 environment 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.
Suppose you are considered for a franchise opportunity. In that case, the company will assign a franchise manager whose responsibility will assist you with setting up your new franchise unit.