Centertec

  • Centertec, LLC
2300 E. Lincoln Hwy.
Langhorne, PA 19047
USA
  • (800) 705-8715

The centertec concept is a completely new and innovative way to bring VR gaming and entertainment to everyone, easily. It is one of the first and largest reality gaming social spaces and virtual reality experience centers in the world.

Franchisor Background

Year Established: 2016

Franchising Since: 2017

Operating Units

Franchised Units 0 0.0%
Company-Owned Units 1 100.0%
Total Operating Units 1 100%

Geographic Distribution

USA 1 100.0% In 1 States
Canada N/A N/A
International N/A N/A
Total 1 100%

Multi-Unit Operators

Multi-Unit Operators 0
Franchises Owned by Multi-Unit Operators 0

North American Unit Density

Density Units
Pennsylvania 1

Registered in the following Registration States

California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District of Columbia, Alberta

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Support and Training

General Information

IFA Member Yes
CFA Member No
Franchisee Association? Yes, is a member
Size of Corporate Staff 5
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance No

Marketing Support

Co-Op Advertising No
National Advertising Yes
Regional Advertising Yes
Local Advertising Yes
Marketing Materials Ad Slicks, Brochures, Catalogs, Coupons/Rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
Additional Services: Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies
Other Marketing Support Social Media Help

Ongoing Support

Central Data Processing N/A
Central Purchasing Included
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control Included
Franchisee Newsletter Included
Regional or National Meetings Included
800 Telephone Hotline Included

Training

Langhorne, PA 2 weeks
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Financial Requirements

Investment

Minimum Net Worth $750K
Cash Investment $300K
Total Investment $597.753-1,147.950K
Average Total Investment $950K

Fees

Initial Franchise Fee $40K
Average Franchise Fee $40K
On-Going Royalty 5
Average Royalty 5%
Advertising Fee 4%

Site Information and Requirements

Average Number of Full-Time Employees 2
Average Number of Part-Time Employees 4
Space Needs (in square feet) 2000
Preferred Site Types Free Standing Building, Storefront, Strip Center, Regional Mall
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? No
Listed in the SBA Registry? No
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Franchisee Qualifications

Financial Net Worth 4
General Business Experience 2
Specific Industry Experience 1
Formal Education 1
Psychological Profile 3
Personal Interviews 3
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Terms of Contract

Term of Initial Contract 10
Term of Renewal Period 5
Passive Ownership? Allowed, but discouraged
Area Development
Agreements?
No
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? Yes
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Expansion Plans

Projected New Units Over Next 12 Months 5
USA Yes, All
Canada Yes, All
Overseas Yes, All
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Request Information for Centertec

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