Velocity Sports Performance
Yes, we actively support the inclusion and development of minority-owned franchises in the Velocity Sports Performance system.
Velocity Sports Performance
3650 Brookside Pkwy., # 300
Alpharetta, GA 30022
800#: (866) 955-0400
Tel: (678) 990-2555
Fax: (678) 990-2560
E-mail: info@velocitysp.com
Web Site: www.velocitysp.com
Contact: Ms. Chris Koestner, Director Franchise Development
VELOCITY SPORTS PERFORMANCE provides people who are passionate about kids and sports the opportunity to combine that with their passion for business. By investing in a VELOCITY SPORTS PERFORMANCE training center, franchise owners offer athletes of all ages and skill sets the chance to train in state-of-the-art facilities, under professional, certified coaches and ultimately give them the chance to take their athletic performance to the highest levels.
Franchisor Background
Established: 1999
First Franchise: 2002
Franchise Units: 58
Company-Owned Units: 1
Total Units: 59
Distribution:
> North America -- Operations in 29 States
> States/Provinces with Greatest Density: 8 in TX, 7 in CA, 5 in NJ
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 8 FT (FT = Full Time, PT = Part Time)
Space Needs: 15,000-20,000 SF; FS, SF, SC, RM
(for abbreviations click here)
Financial Requirements
Cash Investment: $150K
Total Investment: $350-635K
Average Total Investment: $490K
Minimum Net Worth: $300-500K
Fees
>Franchise: $30K
>Average Franchise Fee: $30K
>Royalty: 2-6%
>Advertising: $2.5K/Mo.
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements:Yes/10
Sub-Franchising Contracts: Yes
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: No
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: 20
On-Going Support: a,B,C,D,E,G,H,I (for an explanation click here)
Training: 2 Weeks Alpharetta, GA.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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