M14 Hoops offers basketball instruction and life skills programs for children of all ages. The franchise promotes physical fitness and personal development, helping young athletes improve their skills while learning important life lessons through basketball.
Key Insights
- M14 Hoops 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.
- Technology integration improves accuracy, efficiency, and communication while preserving the personal attention and customized service that clients value, balancing automation with human expertise to enhance service quality and customer experience.
- 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 M14 Hoops 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 $104,880 - $195,000, along with a franchise fee of $49,500 - $49,500.
Financial Performance and Revenue
Yearly gross sales of $119,469 and estimated earnings of $16,726 - $21,505 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 8.3-10.3 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
Casago provides new franchisees with comprehensive training. This initial program is two weeks long and takes place at their corporate location. Casago also offers ongoing support and access to a range of operational resources. The franchisor recommends utilizing these tools to build a successful business.
Legal Considerations
Legal considerations for a M14 Hoops 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
A franchisee entering the vacation rental management space may encounter considerations related to local market dynamics, including the presence of established competitors and evolving guest expectations. Navigating the day-to-day operational demands, such as guest services, property maintenance, and marketing, requires diligent attention to detail. Furthermore, reliance on specific vendors for services like cleaning and repairs presents a need for consistent provider performance and availability within a given geographic area.
Franchise Datasheet
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