Hi-Five Sports Club operates sports clubs for children, focusing on pre-K to 8th grade kids. The franchise provides an environment where kids can develop their athletic skills and enjoy a variety of sports activities, including team-based games and individual sports.
Key Insights
- Hi-Five started with a clear vision to establish new benchmarks of excellence within their field, combining industry expertise with customer-focused innovation to create sustainable competitive advantages that benefit both franchisees and the communities they serve.
- Community building activities foster relationships among members that enhance motivation, accountability, and retention while creating supportive environments where individuals feel encouraged to pursue their fitness goals and celebrate achievements with like-minded peers.
- Consumer education and awareness drive increasing demand for higher quality and more specialized service options, benefiting businesses that can demonstrate expertise, reliability, and value while building trust through consistent performance and professional service delivery.
Franchise Fee and Costs to Open
Exploring the financial picture of Hi-Five gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $160,615 - $559,665, along with a franchise fee of $32,500 - $32,500.
Financial Performance and Revenue
Yearly gross sales of $212,789 and estimated earnings of $29,791 - $38,303 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 11.1-13.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Hi-Five provides comprehensive training for new franchisees. This initial program, spanning two weeks, takes place at our corporate headquarters. Hi-Five offers operational guidance and marketing strategies. Resources include manuals and ongoing support to assist in launching and managing your Hi-Five location.
Legal Considerations
Legal considerations for a Hi-Five franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Hi-Five-style franchise within the education and children's sector presents distinct considerations. Navigating local market competition, from established educational providers to emerging play centers, requires strategic differentiation. The operational complexity of managing diverse age groups, varied program schedules, and staff recruitment and retention demands robust systems. Furthermore, reliance on specific supply chains for educational materials and equipment necessitates proactive vendor management to ensure consistent availability and quality.
Franchise Datasheet
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