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Yogi Bear's Jellystone Park Camp-Resort Franchise ProfileEntertainment Franchises > Family Entertainment Centers |
What Are the Initial Investment Requirements for a Yogi Bear's Jellystone Park Camp-Resort Franchise?
To open a Yogi Bear's Jellystone Park Camp-Resort franchise, you should prepare for a substantial initial investment ranging from $257,000 to $11,278,000. This includes a franchise fee of $15,000, with additional costs for utilities, buildings, and recreational facilities. You will also need a cash reserve of $80,000 to $100,000 and a net worth between $4,500,000 and $11,250,000 to meet the financial prerequisites for franchise ownership.
What Are the Ongoing Fees and Financial Metrics for Franchisees?
Franchisees of Yogi Bear's Jellystone Park Camp-Resort are required to pay a royalty fee of 4% on gross revenues, along with a marketing fee of 1%. The average annual revenue per unit is approximately $1,322,000, with a median revenue of $1,000,000. Understanding these financial metrics is crucial for assessing potential profitability and ensuring you can sustain ongoing operational costs.
How Long Does It Take to Break Even and Recoup Your Investment?
Franchisees can expect a breakeven period of around 24 months, which is also the time frame for investment payback. This relatively quick return on investment may make the Yogi Bear's Jellystone Park Camp-Resort franchise an attractive option for aspiring entrepreneurs looking to enter the hospitality and recreation industry.
What Is the Growth Trend of Yogi Bear's Jellystone Park Camp-Resort Franchises?
Over the past few years, the number of franchised units has shown a positive trend, with 75 units in 2020, 74 in 2021, and 79 in 2022. This growth reflects the brand's resilience and potential for expansion in the family-friendly camping and resort market. Understanding these trends can help prospective franchisees gauge the brand's stability and future opportunities.
Yogi Bear's Jellystone Park Camp-Resort 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:
Yogi Bear's Jellystone Park Camp-Resort Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2020 | 2021 | 2022 |
|---|---|---|---|
| Total Units | 75 | 74 | 79 |
| Net Change YoY | -1 | 5 | |
| Franchised Units | 75 | 74 | 79 |
| Net Change YoY | -1 | 5 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY |
Investment Overview
The initial investment for a Yogi Bear's Jellystone Park Camp-Resort franchise ranges from $257,000 to $11,278,000. This wide range reflects the diverse options available for franchisees, including land acquisition, development costs, and operational expenses. A cash reserve of $80,000 to $100,000 is also recommended to ensure adequate funding during the startup phase.
Franchise Fees
The initial franchise fee for a Yogi Bear's Jellystone Park Camp-Resort is $15,000. Franchisees are also subject to a royalty fee of 4% of gross sales and a marketing fee of 1%. These fees contribute to ongoing support and brand promotion, helping franchisees to maximize their business potential.
Financial Performance
Average annual revenue for a Jellystone Park Camp-Resort unit is approximately $1,322,000, with a median revenue of $1,000,000. The highest annual revenue recorded is $1,800,000, while the lowest is $5,000. This financial performance indicates a promising opportunity for franchisees, provided they effectively manage their operations.
Breakeven and Payback
Franchisees can expect to reach breakeven within 24 months of operation, with an investment payback period also estimated at 24 months. This relatively quick return on investment highlights the potential profitability of the Jellystone Park franchise model for dedicated operators.
Franchise Growth
As of 2022, there were 79 franchised units of Yogi Bear's Jellystone Park Camp-Resort, showing a steady growth trend over the past few years. The franchise has maintained a consistent number of units, indicating stability and a solid foundation for future expansion opportunities.
Operational Expenses
Annual operational expenses for a Jellystone Park Camp-Resort can vary widely, ranging from $257,000 to $1,648,000. Key expense categories include utilities, building maintenance, recreational facilities, insurance, and marketing fees. Understanding these costs is crucial for franchisees to effectively plan and manage their financial performance.
Frequently Asked Questions
The initial investment for a Yogi Bear's Jellystone Park Camp-Resort franchise ranges from $257,000 to $11,278,000, depending on various factors such as location and size of the park.