- How many ways can I make money with a 9Round Franchise?
- Membership and merchandise sales are the two big ways to generate revenue. We will show you how to maximize both of these.
- What is the Franchise Fee?
-
$30,000 for 1 license/location
$55,000 for 2 licenses/locations ($5,000 Savings)
$75,000 for 3 licenses/locations ($15,000 Savings)
*Note: To receive the discount on multiple locations, they must be purchased at one time. Only qualified candidates can purchase multiple locations at one time. - What does the training involve?
- You will visit the 9Round training facility in Greenville, SC for a four-day intensive training program where you’ll not only learn from Mr. Xavier Biggs—one of the world’s foremost boxing trainers—but will also learn how to operate the business. PLUS you’ll receive online training modules to help you and your team learn important aspects of running 9Round operations.
- What is the term for owning a 9Round Franchise?
- 10 years
- What is the time commitment for semi-absentee owners?
- Being a semi-absentee owner typically requires 10-15 hours a week once a gym is up and running.
- Is a semi-absentee owner required to go to training camp?
- Yes. Both the owner and manager must attend Training Camp prior to opening. After the initial training, the manager must attend one regional training per year.
- What is the perfect location size for a 9Round Franchise?
- 1,200-1,500 square ft. of retail space is just right. We've found that a small space is more intimate, and allows you to give every client a personal touch.
- Is 9Round listed on the Small Business Administration Franchise Registry?
- Yes, we are, and this is a very valuable benefit in seeking financing to open your 9Round gym. The SBA Franchise Registry is a prestigious national online listing of approved franchise systems whose franchisees and existing franchisees receive accelerated loan processing through your lender and the U.S. Small Business Administration (SBA). This is a tool that lenders use for expediting your loan requests. This is a rigorous process that 9Round went through to bring value to you in financing your 9Round and to show our commitment to supporting your success. Banks that provided SBA financing use this service as a form of "reference check," and this saves you tremendous amounts of time in waiting for financing decisions. Also, the 9Round candidate or existing franchisee is provided with higher levels of service and quicker loans. Franchise systems not listed on the site are not eligible for expedited loan processing through the SBA.
- What is the mothly royalty fee?
- We are invested in the performance of your location. The better you do, the better we do! Our royalty is the greater of 6% of net sales or $800 per month (not counting any refunds, sales tax, etc).
START-UP COSTS
Owning a 9Round club of your own requires a minimal initial investment. The following information can help you understand what expenses to expect when you're getting started.
TO QUALIFY
$100K Net Worth
$30K Liquid Assets
TOTAL INVESTMENT
$99,675 - $143,075
Initial Franchise Fee
Initial Investment Cost
$30,000
$99,675 - $143,075
INITIAL COST
Low
High
Initial Franchise Fee
$30,000
$30,000
Computer, Technology System, Sound System and Security System
$2,500
$3,000
Lease Deposits, Utilities and Insurance
$2,000
$5,500
Leasehold Finishes and Fixtures
$6,000
$7,000
Leasehold Improvements
$0
$15,000
Sound Proofing
$0
$10,000
Opening Equipment and Inventory Package
$33,400
$34,200
Exterior Signage
$2,000
$6,000
Heart Rate Zone System
$775
$775
Shipping and Handling (for both Grand Opening Marketing Materials and Opening Equipment and Inventory Package)
$1,600
$3,600
Business License & Professional Fees
$400
$1,000
Grand Opening Marketing
$5,000
$5,000
Travel, Lodging and Meals for Initial Training Program
$1,000
$2,000
Additional Funds - 3 months
$15,000
$20,000
TOTAL
$99,675
$143,075
Initial Franchise Fee
$30,000
Initial Investment Cost
$99,675 - $143,075
INITIAL COST
Initial Franchise Fee
low
$30,000
high
$30,000
Computer, Technology System, Sound System and Security System
low
$2,500
high
$3,000
Lease Deposits, Utilities and Insurance
low
$2,000
high
$5,500
Leasehold Finishes and Fixtures
low
$6,000
high
$7,000
Leasehold Improvements
low
$0
high
$15,000
Sound Proofing
low
$0
high
$10,000
Opening Equipment and Inventory Package
low
$33,400
high
$34,200
Exterior Signage
low
$2,000
high
$6,000
Heart Rate Zone System
low
$775
high
$775
Shipping and Handling (for both Grand Opening Marketing Materials and Opening Equipment and Inventory Package)
low
$1,600
high
$3,600
Business License & Professional Fees
low
$400
high
$1,000
Grand Opening Marketing
low
$5,000
high
$5,000
Travel, Lodging and Meals for Initial Training Program
low
$1,000
high
$2,000
Additional Funds - 3 months
low
$15,000
high
$20,000
total
low
$99,675
high
