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Apex Fun Run Franchise ProfileChildren’s Franchises > Children's Fitness |
What Are the Initial Investment Requirements for an Apex Fun Run Franchise?
To open an Apex Fun Run franchise, you will need to prepare for an initial investment ranging from $79,000 to $109,700. This includes a franchise fee of $49,500, which is part of the upfront costs. Additionally, you should have liquid cash available within the same range to cover these initial expenses. It's essential to also consider the required net worth of $100,000 to $200,000, as this will help ensure you have the financial stability to support your franchise operations.
What Are the Ongoing Fees Associated with an Apex Fun Run Franchise?
Apex Fun Run franchisees are subject to ongoing fees that include an 8% royalty fee on gross sales and a 2% marketing fee. These fees are crucial for maintaining brand standards and supporting national marketing efforts. Understanding these costs will help you budget effectively and ensure that your franchise remains profitable over time.
What Is the Average Revenue Potential for an Apex Fun Run Franchise?
Apex Fun Run franchises have an impressive average annual revenue of approximately $265,488, with some units reporting revenues as high as $2,280,072. This revenue potential highlights the opportunity for franchisees to achieve significant financial success. However, it's important to note that individual performance can vary, so thorough market research and operational excellence are key to maximizing revenue.
How Quickly Can You Expect to Break Even with an Apex Fun Run Franchise?
Franchisees can expect to break even within about 12 months of opening their Apex Fun Run location. This rapid payback period is appealing for aspiring entrepreneurs, as it indicates a potentially swift return on investment. Staying on top of operational efficiencies and community engagement can help accelerate this timeline even further.
Apex Fun Run Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Apex Fun Run Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2016 | 2017 | 2018 |
|---|---|---|---|
| Total Units | 71 | 80 | 84 |
| Net Change YoY | 9 | 4 | |
| Franchised Units | 71 | 80 | 84 |
| Net Change YoY | 9 | 4 | |
| Corporate Units | 2 | 10 | |
| Net Change YoY | 2 | 8 |
Franchise Overview
Apex Fun Run is a unique franchise opportunity that combines fitness with fun, offering schools and organizations a fundraising platform through engaging running events. Established with the goal of promoting health and wellness among youth, Apex Fun Run has quickly gained traction, providing a structured program that not only raises funds but also encourages physical activity and teamwork. With a focus on community involvement, franchisees play a vital role in enhancing local engagement while running their business.
Investment Requirements
To become an Apex Fun Run franchisee, the initial investment ranges from $79,000 to $109,700, which includes a franchise fee of $49,500. Franchisees should have a net worth of $100,000 to $200,000 and be prepared to maintain a cash reserve of between $79,000 and $109,700. This investment structure allows aspiring entrepreneurs to enter the franchise space with a manageable financial commitment while positioning themselves for potential growth.
Revenue Potential
Apex Fun Run franchises have shown promising financial performance, with an average annual revenue of $265,488 per unit. The highest reported annual revenue reaches $2,280,072, showcasing the potential for significant earnings. With a breakeven time of just 12 months, franchisees can expect a quick return on their investment, making it an attractive option for those looking to enter the franchise market.
Ongoing Fees
Franchisees are required to pay an ongoing royalty fee of 8% of gross sales, along with a marketing fee of 2%. These fees support the overall brand and marketing initiatives, ensuring continuous growth and visibility for Apex Fun Run franchises. Understanding these ongoing costs is crucial for franchisees to effectively manage their financial performance and profitability.
Operational Support
Apex Fun Run provides comprehensive support to its franchisees, including training programs, marketing resources, and operational guidance. Franchisees benefit from a well-established system that streamlines event planning and execution, allowing them to focus on building relationships with local schools and communities. This support structure is essential for ensuring franchisee success and maintaining brand standards.
Growth Potential
Since its inception, Apex Fun Run has steadily expanded its footprint, with a notable increase in franchised units from 71 in 2016 to 84 in 2018. This growth trajectory indicates a strong demand for the franchise model and highlights the opportunity for new franchisees to enter a thriving market. With a focus on community engagement and health promotion, franchisees can capitalize on this upward trend while contributing positively to their local areas.
Frequently Asked Questions
The initial investment for an Apex Fun Run franchise ranges from $79,000 to $109,700, which includes the franchise fee of $49,500.