Velocity Sports Performance
Velocity Sports Performance
3650 Brookside Pkwy., # 300
Alpharetta, GA 30022
800#: (866) 955-0400
Tel: (678) 990-2555
Fax: (678) 990-2560
E-Mail: [email protected]
Web Site: www.velocitysp.com
Contact: Ms. Chris Koestner, Director Franchise Development
VELOCITY SPORTS PERFORMANCE provides people who are passionate about kids and sports the opportunity to combine that with their passion for business. By investing in a VELOCITY SPORTS PERFORMANCE training center, franchise owners offer athletes of all ages and skill sets the chance to train in state-of-the-art facilities, under professional, certified coaches and ultimately give them the chance to take their athletic performance to the highest levels.
Franchisor Background
Established: 1999
First Franchise: 2002
Franchise Units: 58
Company-Owned Units: 1
Total Units: 59
Distribution:
U.S. -- 57;
Canada -- 2;
International -- 0
-North America -- Operations in 29 States
-States/Provinces with Greatest Density: 8 in TX, 7 in CA, 5 in NJ
Projected New Units Over Next 12 months: ~50
Franchisee Qualifications: 5, 5, 2, 4, 3, 5
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 8 FT (FT = Full Time, PT = Part Time)
Space Needs: 15,000-20,000 SF; FS, SF, SC, RM
(Click here for abbreviations)
Encourage Conversion: NA
Financial Requirements
Cash Investment: $150K
Total Investment: $350-635K
Average Total Investment: $490.0K
Minimum Net Worth: $300-500K
Fees:
-Franchise: $30K
-Average Franchise Fee: $30.0K
-Royalty: 2-6%
-Average Royalty: 4.0%
-Advertising: $2.5K/Mo.
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements: Yes/10
Sub-Franchising Contracts: Yes
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: No
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 20
On-Going Support: a,B,C,D,E,G,H,I (Click here for an explanation)
Training: 2 Weeks Alpharetta, GA.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: Australia and others
Note: NR = No Response by Franchisor.
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