Start-Up Costs and Fees |
||
| Las Vegas Golf & Tennis | Destination Athlete | |
| Investment | 537000 - 774000 | 28300 - 93610 |
| Franchise Fee | ||
| Royalty Fee | 3% | 5%-8% |
| Advertising Fee | 2% | |
| Year Founded | 1974 | 2008 |
| Year Franchised | 1984 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Las Vegas Golf & Tennis | Destination Athlete | |
| Experience | General business experience | |
Financing Options |
||
| Las Vegas Golf & Tennis | Destination Athlete | |
| Franchise Fees | Yes | Yes |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Las Vegas Golf & Tennis | Destination Athlete | |
| Training | On-The-Job Training: 80+ hours Classroom Training: 40 hours Additional Training: Online, conference calls | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | 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 |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of employees needed to run franchised unit: 5 - 8 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) | Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
||
| Las Vegas Golf & Tennis | Destination Athlete | |
| 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 | |
| Las Vegas Golf & Tennis | |
| Destination Athlete | |
| Franchise Fee | |
| Las Vegas Golf & Tennis | |
| Destination Athlete | |
| Royalty Fee | |
| Las Vegas Golf & Tennis | 3% |
| Destination Athlete | 5%-8% |
| Advertising Fee | |
| Las Vegas Golf & Tennis | |
| Destination Athlete | 2% |
| Year Founded | |
| Las Vegas Golf & Tennis | 1974 |
| Destination Athlete | 2008 |
| Year Franchised | |
| Las Vegas Golf & Tennis | 1984 |
| Destination Athlete | 2008 |
| Term Of Agreement | |
| Las Vegas Golf & Tennis | 15 years |
| Destination Athlete | |
| Renewal Fee | |
| Las Vegas Golf & Tennis | |
| Destination Athlete | |
Business Experience Requirements |
|
| Experience | |
| Las Vegas Golf & Tennis | General business experience |
| Destination Athlete | |
Financing Options |
|
| Franchise Fees | |
| Las Vegas Golf & Tennis | Yes |
| Destination Athlete | Yes |
| Start-up Costs | |
| Las Vegas Golf & Tennis | |
| Destination Athlete | |
| Equipment | |
| Las Vegas Golf & Tennis} | |
| Destination Athlete | |
| Inventory | |
| Las Vegas Golf & Tennis | |
| Destination Athlete | |
| Receivables | |
| Las Vegas Golf & Tennis | |
| Destination Athlete | |
| Payroll | |
| Las Vegas Golf & Tennis | |
| Destination Athlete | |
Training & Support |
|
| Training | |
| Las Vegas Golf & Tennis | |
| Destination Athlete | On-The-Job Training: 80+ hours Classroom Training: 40 hours Additional Training: Online, conference calls |
| Support | |
| Las Vegas Golf & Tennis | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| 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 |
| Marketing | |
| Las Vegas Golf & Tennis | Co-op advertising, Ad slicks, Regional advertising |
| Destination Athlete | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| 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) |
| Destination Athlete | Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
|
| US Expansion | |
| Las Vegas Golf & Tennis | |
| 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 |
| Canada Expansion | |
| Las Vegas Golf & Tennis | 0 |
| Destination Athlete | |
| International Expansion | |
| Las Vegas Golf & Tennis | |
| Destination Athlete | |