Start-Up Costs and Fees |
||
| Recruit | Hi-Five Sports | |
| Investment | 12000 - 45000 | 17900 - 388225 |
| Franchise Fee | 0 | |
| Royalty Fee | 0 | 8.75% |
| Advertising Fee | ||
| Year Founded | 1996 | 1990 |
| Year Franchised | 2001 | 2015 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Recruit | Hi-Five Sports | |
| Experience | Marketing skills Sports or sales background | |
Financing Options |
||
| Recruit | Hi-Five Sports | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Recruit | Hi-Five Sports | |
| Training | Available at headquarters, Available at franchisee's location, Long distance training available | On-The-Job Training: 13 hours Classroom Training: 5 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations | Newsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising | Ad Templates Social media SEO Website development Email marketing |
| Operations | Franchise can be run from home. 15% of all franchisees own more than one unit Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
||
| Recruit | Hi-Five Sports | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Recruit | |
| Hi-Five Sports | |
| Franchise Fee | |
| Recruit | |
| Hi-Five Sports | |
| Royalty Fee | |
| Recruit | 0 |
| Hi-Five Sports | 8.75% |
| Advertising Fee | |
| Recruit | |
| Hi-Five Sports | |
| Year Founded | |
| Recruit | 1996 |
| Hi-Five Sports | 1990 |
| Year Franchised | |
| Recruit | 2001 |
| Hi-Five Sports | 2015 |
| Term Of Agreement | |
| Recruit | 5 years |
| Hi-Five Sports | |
| Renewal Fee | |
| Recruit | |
| Hi-Five Sports | |
Business Experience Requirements |
|
| Experience | |
| Recruit | Marketing skills Sports or sales background |
| Hi-Five Sports | |
Financing Options |
|
| Franchise Fees | |
| Recruit | No |
| Hi-Five Sports | No |
| Start-up Costs | |
| Recruit | |
| Hi-Five Sports | |
| Equipment | |
| Recruit} | |
| Hi-Five Sports | |
| Inventory | |
| Recruit | |
| Hi-Five Sports | |
| Receivables | |
| Recruit | |
| Hi-Five Sports | |
| Payroll | |
| Recruit | |
| Hi-Five Sports | |
Training & Support |
|
| Training | |
| Recruit | Available at headquarters, Available at franchisee's location, Long distance training available |
| Hi-Five Sports | On-The-Job Training: 13 hours Classroom Training: 5 hours |
| Support | |
| Recruit | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations |
| Hi-Five Sports | Newsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Recruit | Co-op advertising |
| Hi-Five Sports | Ad Templates Social media SEO Website development Email marketing |
| Operations | |
| Recruit | Franchise can be run from home. 15% of all franchisees own more than one unit Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
| Hi-Five Sports | Absentee Ownership Allowed Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
|
| US Expansion | |
| Recruit | |
| Hi-Five Sports | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Recruit | |
| Hi-Five Sports | |
| International Expansion | |
| Recruit | |
| Hi-Five Sports | |