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General

Industry

Travel and Hospitality

Category

Other

Works with Franchise Brokers

Yes

Year of Founding

2011

Fees

Marketing Fee

0.5%

Royalty Fee

Varies

Franchise Fee

$50,000-$50,000

Investment Range

$181K-$488K

Location units

Total U.S. Locations

286

U.S. Franchised Units

229

U.S. Corporate Units

57

Headquarters (City)

Venice

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2011

Issuance of FDD Data

04/25/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$181K-$488K

Franchise Fee

$50,000-$50,000

What to know about Freedom Boat Club franchise?

Freedom Boat Club is a membership-based boating club with locations across the United States and Canada. Members have access to a fleet of boats at any of the club's locations, as well as discounts on fuel, slips, and other boating-related services. With multiple locations from coast to coast, the club provides members with convenient access to a wide variety of boats and boating activities. Their staff is passionate about boating and is always available to help members get the most out of their membership. Freedom Boat Club provides their franchisees with everything they need to get started, including training, support, and marketing materials. Franchisees are also given access to the club's proprietary software system, which helps them manage their locations and memberships.

Freedom Boat Club is based in Venice, FL. Scroll down to learn more!

How much does a Freedom Boat Club franchise cost?

Are you wondering how much is a Freedom Boat Club franchise? Before starting a Freedom Boat Club franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Freedom Boat Club franchise is $181,000 and can go all the way up to $487,500. Keep in mind, you should also allocate additional funds to live off of while the Freedom Boat Club business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Freedom Boat Club franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Freedom Boat Club business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Freedom Boat Club franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Freedom Boat Club. Hotels to the Other, Outdoor Travel and Hospitality industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 82 22 6 97
2017 97 32 2 127
2018 127 28 2 153
2019 148 32 1 179
2020 179 39 1 215
2021 215 46 10 229

Additional Details

How much does a Freedom Boat Club franchise owner make?

Freedom Boat Club franchise earnings and revenue can vary significantly from one franchisee to another.
The Freedom Boat Club franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Freedom Boat Club unfortunately does not disclose financials on how much Freedom Boat Club franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Freedom Boat Club does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Freedom Boat Club franchisees. Do note that Freedom Boat Club is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Freedom Boat Club franchisees to understand how much money they are making from their Freedom Boat Club business.

You should also speak to former Freedom Boat Club franchisees to understand why they left the system. Did they sell their Freedom Boat Club at a profit? Were they forced to close their Freedom Boat Club franchise down because it kept losing money?

What is the Freedom Boat Club franchise fee?

Owning a Freedom Boat Club franchise requires Varies royalty fee and 0.5% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Freedom Boat Club Franchise Disclosure Document

Keep in mind, there is also an initial Freedom Boat Club franchise fee of $50,000 that is included in the initial investment amount of $181,000 to $487,500. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Freedom Boat Club franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Freedom Boat Club franchise fee of $50,000.

Visit the Freedom Boat Club metrics tab to explore the financials for this business, royalty and marketing fees compare to other Travel and Hospitality franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Freedom Boat Club founded?

Freedom Boat Club started offering franchises in 2011. Freedom Boat Club was founded 11 years ago in 2011.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Freedom Boat Club locations are in the U.S.?

As of 2022, there were 229 locations across the U.S. There are also 57 corporate locations. Most Travel and Hospitality franchises like Freedom Boat Club have more franchised locations than corporate locations.

How many Freedom Boat Club franchises opened over the past few years?

Over the prior 3 years we have data for, Freedom Boat Club has opened 117 outlets throughout the U.S. Visit the Freedom Boat Club metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

How many Freedom Boat Club franchises closed over the past few years?

Over the prior 3 years we have data for, Freedom Boat Club has closed 12 outlets throughout the U.S

Visit the Freedom Boat Club metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

Is Freedom Boat Club growing? Are they opening more locations than they are closing?

The net unit growth rate for Freedom Boat Club over the past 3 years is 55%. Over the last year we have data for, Freedom Boat Club had a net unit growth rate of 7%.

Without a comparison, this number doesn’t mean much. Compare how the Freedom Boat Club growth rate compares to 2,000+ other franchises and Industry franchises like Freedom Boat Club. More info in the Freedom Boat Club metrics tab.

Is Freedom Boat Club franchise eligible for an SBA Loan?

Freedom Boat Club is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Freedom Boat Club franchise was assigned the SBA Franchise ID of S0670 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Freedom Boat Club that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Freedom Boat Club a franchise in the United States?

According to the SBA, Freedom Boat Club meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Freedom Boat Club provides you with an FDD if you are in discussion to buy a Freedom Boat Club.

What is the Freedom Boat Club Franchise for Sale Rate?

The Freedom Boat Club systemwide health and franchisee satisfaction can be measured by the Freedom Boat Clubfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Freedom Boat Club franchise for sale rate over the past 3 years is 14%. Over the last year we have data for, Freedom Boat Club had a franchise for sale rate of 14%.

Without a comparison, this number doesn’t mean much. Compare how the Freedom Boat Club franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Freedom Boat Club. More info in the Freedom Boat Club metrics tab.

What is the Freedom Boat Club Franchise Failure Rate?

Freedom Boat Club franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Freedom Boat Club failure rate over the past 3 years is 5%. Over the last year we have data for, Freedom Boat Club had a franchise failure rate of 4%.

Without a comparison, this number doesn’t mean much. Compare how the Freedom Boat Club franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Freedom Boat Club. More info in the Freedom Boat Club metrics tab.

How can I find out more details on Freedom Boat Club franchise?

Visit the Freedom Boat Club metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Freedom Boat Club

$334,250

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Freedom Boat Club

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Freedom Boat Club

$50,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Travel and Hospitality

Category

Other

Works with Franchise Brokers

Yes

Year of Founding

2011

Fees

Marketing Fee

0.5%

Royalty Fee

Varies

Franchise Fee

$50,000-$50,000

Investment Range

$181K-$488K

Location units

Total U.S. Locations

286

U.S. Franchised Units

229

U.S. Corporate Units

57

Headquarters (City)

Venice

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2011

Issuance of FDD Data

04/25/2022

Detailed Franchise metrics for Freedom Boat Club

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Freedom Boat Club below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Freedom Boat Club

20%

55%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Freedom Boat Club

3%

14%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Freedom Boat Club

1%

5%

Industry median

All franchises median

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Business details

Website

http://www.freedomboatclub.com/

Business email

l*****@freedomboatclub.us

Mailing address

897 E. Venice Avenue

State headquarters

Florida

Contact Name

Freedom Boat Club

Phone

+1 (000) 0********00

City

Venice

Zip code

34285-7038
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