Start-Up Costs and Fees |
||
| Destination Athlete | Las Vegas Golf & Tennis | |
| Investment | 28300 - 93610 | 537000 - 774000 |
| Franchise Fee | ||
| Royalty Fee | 5%-8% | 3% |
| Advertising Fee | 2% | |
| Year Founded | 2008 | 1974 |
| Year Franchised | 2008 | 1984 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Destination Athlete | Las Vegas Golf & Tennis | |
| Experience | General business experience | |
Financing Options |
||
| Destination Athlete | Las Vegas Golf & Tennis | |
| Franchise Fees | Yes | Yes |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Destination Athlete | Las Vegas Golf & Tennis | |
| Training | On-The-Job Training: 80+ hours Classroom Training: 40 hours Additional Training: Online, conference calls | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Number of Employees Required to Run: 1 - 3 | Number of employees needed to run franchised unit: 5 - 8 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
||
| Destination Athlete | Las Vegas Golf & Tennis | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | |
| Franchise Fee | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | |
| Royalty Fee | |
| Destination Athlete | 5%-8% |
| Las Vegas Golf & Tennis | 3% |
| Advertising Fee | |
| Destination Athlete | 2% |
| Las Vegas Golf & Tennis | |
| Year Founded | |
| Destination Athlete | 2008 |
| Las Vegas Golf & Tennis | 1974 |
| Year Franchised | |
| Destination Athlete | 2008 |
| Las Vegas Golf & Tennis | 1984 |
| Term Of Agreement | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | 15 years |
| Renewal Fee | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | |
Business Experience Requirements |
|
| Experience | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | General business experience |
Financing Options |
|
| Franchise Fees | |
| Destination Athlete | Yes |
| Las Vegas Golf & Tennis | Yes |
| Start-up Costs | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | |
| Equipment | |
| Destination Athlete} | |
| Las Vegas Golf & Tennis | |
| Inventory | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | |
| Receivables | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | |
| Payroll | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | |
Training & Support |
|
| Training | |
| Destination Athlete | On-The-Job Training: 80+ hours Classroom Training: 40 hours Additional Training: Online, conference calls |
| Las Vegas Golf & Tennis | |
| Support | |
| Destination Athlete | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Las Vegas Golf & Tennis | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Destination Athlete | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Las Vegas Golf & Tennis | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Destination Athlete | Number of Employees Required to Run: 1 - 3 |
| Las Vegas Golf & Tennis | Number of employees needed to run franchised unit: 5 - 8 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Destination Athlete | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Las Vegas Golf & Tennis | |
| Canada Expansion | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | 0 |
| International Expansion | |
| Destination Athlete | |
| Las Vegas Golf & Tennis | |