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HappyFeet-Legends International Franchise ProfileEntertainment Franchises > Family Entertainment Centers |
What Are the Initial Investment Requirements for a HappyFeet-Legends International Franchise?
To open a HappyFeet-Legends International franchise, you will need to prepare for an initial investment ranging from $22,500 to $100,300. This includes a franchise fee of $15,000. Additionally, you should have cash available between $22,500 and $29,400, and a net worth of $100,000 to $300,000. Being financially prepared is crucial to successfully launching your franchise.
What Are the Ongoing Fees Associated with a HappyFeet-Legends International Franchise?
As a franchisee, you will be responsible for ongoing fees that include a royalty fee of 10% on gross sales and a marketing fee of 3%. These fees are essential for maintaining brand visibility and support from the franchisor. Understanding these costs upfront can help you plan your financial strategy effectively.
What Is the Average Revenue Potential for a HappyFeet-Legends International Franchise?
The average annual revenue per unit for a HappyFeet-Legends International franchise is approximately $31,068, with a median annual revenue of $48,000. Revenue can vary significantly, with the highest reported annual revenue reaching $567,492. This potential for varied earnings highlights the importance of location and management in achieving financial success.
How Long Does It Typically Take to Break Even with a HappyFeet-Legends International Franchise?
Franchisees can expect to reach breakeven within approximately 12 months of operation. With an investment payback period of about 24 months, this timeline can provide a clear framework for financial planning. Knowing these metrics can help you gauge the viability of your investment and set realistic expectations for your franchise journey.
HappyFeet-Legends International 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:
HappyFeet-Legends International 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 | 84 | 91 | 95 |
| Net Change YoY | 7 | 4 | |
| Franchised Units | 82 | 89 | 93 |
| Net Change YoY | 7 | 4 | |
| Corporate Units | 2 | 2 | 2 |
| Net Change YoY | 0 | 0 |
Franchise Overview
HappyFeet-Legends International is a unique franchise concept specializing in youth sports programs that focus on developing children's physical skills in a fun and engaging environment. The franchise has gained popularity for its innovative approach to teaching soccer and other sports, ensuring children not only learn the fundamentals but also enjoy the experience. With a growing presence, HappyFeet aims to instill a love for sports in children while promoting teamwork and physical fitness.
Investment Requirements
The initial investment to open a HappyFeet-Legends International franchise ranges from $22,500 to $100,300. This includes a franchise fee of $15,000, with additional costs for equipment, marketing, and operational expenses. Franchisees should have a net worth of $100,000 to $300,000 and liquid cash available between $22,500 and $29,400 to ensure they can cover startup costs and initial operational expenses.
Financial Performance
HappyFeet-Legends International franchises have shown promising financial performance, with average annual revenue per unit reported at $31,068 and a median of $48,000. The revenue figures highlight the potential for profitability in this franchise model, with the highest annual revenue reaching $567,492. Franchisees can expect a breakeven time of approximately 12 months and an investment payback period of around 24 months, making it an attractive opportunity for aspiring entrepreneurs.
Ongoing Fees
Franchisees are required to pay a royalty fee of 10% on gross sales, along with a marketing fee of 3%. These ongoing fees contribute to the overall support and resources provided by HappyFeet-Legends International, including marketing materials, training programs, and operational assistance. Understanding these fees is crucial for franchisees to effectively plan their financial strategies and maintain profitability.
Corporate Structure
HappyFeet-Legends International operates under a well-defined corporate structure, with a focus on supporting franchisees through comprehensive training and ongoing assistance. The company has successfully grown its network, with a steady increase in franchised units over the years. As of 2018, there were 93 franchised units, demonstrating the brand's ability to attract new franchisees and expand its reach in the youth sports market.
Mission and Vision
The mission of HappyFeet-Legends International is to inspire children to embrace sports and physical activity, fostering a lifelong love for fitness and teamwork. The franchise envisions creating a positive impact in communities by providing accessible sports programs that promote health, confidence, and social skills among young participants. Through engaging and educational experiences, HappyFeet aims to be a leader in youth sports education while enriching the lives of children and their families.
Frequently Asked Questions
The initial investment for a HappyFeet-Legends International franchise ranges from $22,500 to $100,300, depending on various factors such as location and setup requirements.