Velocity Sports Performance

Sports performance training

Background

Founded: 1999 Franchising since: 2002

4340 Von Karman, #100
Newport Beach, California 92660

Phone:
(949)567-0031

Franchisor is a privately-held company with 20 employee(s); 3 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2007	65	2	0	5
2006	71	2	0	1
2005	52	1	0	1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Australia/new zealand, Canada, Eastern europe, Western europe

Exclusive territories available.
Territory size: 50,000+ children & young adults aged 24 and under

Costs and Fees

Total investment: $554.8K-1.5M
Franchise fee: $54K

Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	No
Payroll	No	No

Third-party financing source(s): Wirth Business Credit, Guidant

Qualifications
Net worth requirement: $1.5M
Cash liquidity requirement: $250K
Business Experience:

General business experience
Marketing skills

Operations

20% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 9 - 15
Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators)