i9 Sports
i9 Sports offers amateur sports leagues, camps, and tournaments to area developers. Known for providing structured sporting activities for youth, it operates in the competitive youth sports franchise market.
i9 Sports franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment for establishing an i9 Sports® Franchise ranges from approximately 15% to 30% of the total establishment cost, according to [p.34]. This includes costs such as incorporating as an entity and an initial consultation with an accountant mentioned in [p.30], but specific monetary figures are not provided in these excerpts.
What is the initial franchise fee?
The initial franchise fee is $24,900, which must be paid upon execution of the agreement [p.117]. This fee is nonrefundable and constitutes part of the company's general operating funds as determined by them [p.231].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is generally 7.5% of network revenues, with a minimum monthly payment of either $425 for territories with fewer than 80,000 children (ages 14 and under) or $450 for territories with 80,000 or more children. Additionally, franchisees must contribute to the national brand fund at a rate of 1% of sales or a minimum of $275 per month [p.101, p.85].
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts.
Can I sell or transfer my franchise, and what does that require?
The franchisor can refuse to permit a transfer of ownership of the franchise except for good cause, which includes but is not limited to unspecified factors [p.226]. Additionally, even with consent to transfer, the franchisor's agreement does not guarantee the success of the transferee or waive any claims against you [p.147].
On what grounds can the franchisor terminate the agreement?
This isn't specified in the excerpts.
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The provided FDD excerpts focus on the franchisor's financial status and the additional working capital needs but do not detail the specific financial requirements needed from the franchisee to qualify for the franchise.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You may face competition from other franchisees, as well as outlets owned by the company or its affiliates [p.48]. The franchisor retains the right to operate i9 Sports® Franchises in your Network Area and can license third parties to do so for sports other than those you are authorized to provide [p.115].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program that includes pre-training tasks, up to four days of classroom training at their headquarters or virtually, post-phase I online training, grand opening day training, post-first-season supplemental training, and annual strategic planning. This training is mandatory for key franchisees and must be completed before marketing and selling products/services [p.37]. Ongoing support includes technology licensing, website customization, software configuration, setup, and installation [p.85].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information if there is a reasonable basis for it, and actual records of an existing outlet are available. However, except as specified in Item 19, the franchisor does not make any other financial performance representations [p.64]. Additionally, the decision to enter into the franchise agreement should not be based on oral representations regarding sales, profits, or earnings [p.243].
What am I restricted to selling, and where must I buy supplies?
You are restricted to offering for sale only those Products that we authorize for your Network Area. You must purchase certain products and services from suppliers approved by us ('Approved Suppliers'), and these standards/criteria are available in the Manual [p.31]. This isn't specified in the excerpts regarding where you must buy supplies, but it implies you should adhere to the Approved Suppliers list provided by us.