How much does a Fleet Feet Sports franchise cost?
- Initial Franchise Fee: $38,000
- Total Investment: $187,500 to $413,000
- Working Capital: $25,000 to $40,000
- Royalty Fee: 4.0%
Full Answer
How many stores does Fleet Feet have?
What brands does Fleet Feet work with?
What kind of support can I expect from Fleet Feet?
Does Fleet Feet franchise internationally?
Do I purchase product directly from vendors or from Fleet Feet, Inc.?
How does the Fleet Feet name help support my relationship with vendors?
What is a fit ID?
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How much does a Fleet Feet franchise owner make?
The franchise fee to open a Fleet Feet Sports store is $35,000, with a total estimated investment ranging from $170,000 to $317,000, with liquid cash available of $100,000. A 3-4% royalty fee on gross monthly receipts is paid to the company. The company has recorded annual revenues in excess of $75 million.
Who owns Fleet Feet?
Joe graduated from the University of Tennesee and opened what was Fleet Feet Sports "Duluth" in 2000. Many years later it would be called Fleet Feet Sports Johns Creek. Joe loved the idea of owning a business where he could infuse his love of running, living fit and helping others.
Is Fleet Feet a national chain?
The first Fleet Feet store opened its doors in 1976 in Sacramento, California, and we've been outfitting runners with the right gear and knowledge ever since. Since that first day, we've expanded to 250 stores (and counting) in communities across the country to work toward our vision: to inspire the runner in everyone.
How do I own my own franchise?
How to buy a franchise, step by stepBe sure about your reasoning. ... Research which franchises you may want to own. ... Begin the application process. ... Set up your “discovery day” meeting. ... Apply for financing. ... Review and return your franchise paperwork very carefully. ... Buy or rent a location. ... Get training and support.
Is Fleet Feet privately owned?
But that is just what independently-owned, community-based Fleet Feet has done. With 184 locally-owned and operated stores across the country, it claims the lead in running store retail, as opposed to athletic footwear and apparel retail.
Who is the CEO of Fleet Feet?
Joey PointerFleet Feet CEO and Executives Based on our data team's research, Joey Pointer is the Fleet Feet's CEO. Fleet Feet has 25 employees, of which 40 are in a leadership position. Here are further demographic highlights of the leadership team: The Fleet Feet executive team is 46% female and 54% male.
How many employees does Fleet Feet have?
25 employeesBased in Sacramento, CA, Fleet Feet is a small retail company with only 25 employees and an annual revenue of $14.0M. To inspire, educate, and empower people of all ages to live a healthy, fit lifestyle. We hope to be more than just a store where you shop. Is This Your Company?
Did Fleet Feet buy Jack Rabbit?
JackRabbit has joined Fleet Feet, the largest running specialty retailer in the country, creating a nationally-connected network of almost 250 locally owned and operated stores serving customers and communities through the power of running.
Who owns Fleet Feet Memphis?
Eric and Robin Flanders have owned Fleet Feet Memphis since 2002, and Fleet Feet Collierville since 2016. Their passion for the running and walking community of the mid-south is evident the moment you walk in one of their shops.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Do franchise owners have to work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
Is it smart to buy a franchise?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
Who owns Fleet Feet Memphis?
Eric and Robin Flanders have owned Fleet Feet Memphis since 2002, and Fleet Feet Collierville since 2016. Their passion for the running and walking community of the mid-south is evident the moment you walk in one of their shops.
Did Fleet Feet buy JackRabbit?
JackRabbit has joined Fleet Feet, the largest running specialty retailer in the country, creating a nationally-connected network of almost 250 locally owned and operated stores serving customers and communities through the power of running.
Who owns Fleet Feet Sacramento?
Who owns Fleet Feet Sacramento? Sally Edwards and Elizabeth Jansen founded Fleet Feet in Sacramento in 1976. Tom Raynor bought the franchise business in 1993, and about 10 years later the company moved its headquarters to North Carolina.
How many employees does Fleet Feet have?
25 employeesBased in Sacramento, CA, Fleet Feet is a small retail company with only 25 employees and an annual revenue of $14.0M. To inspire, educate, and empower people of all ages to live a healthy, fit lifestyle. We hope to be more than just a store where you shop. Is This Your Company?
Fleet Feet Sports Franchise Cost & Opportunities 2022 | Franchise Help
Fleet Feet Sports is much more than a running store, though the national retail chain offers items that support the running life, such as footwear, socks, inserts, running undergarments, technical apparel and accessories.
Home - Fleet Feet Franchise Opportunities
Why Fleet Feet? When you've been around since 1976, many people ask, "What makes you tick?" For Fleet Feet, the answer lies resoundingly with our dedication to local ownership.
Submit a request – Fleet Feet
Fleet Feet; Submit a request Contact Us. We are always here to listen! If there is something on your mind, feel free to send us a quick message.
Fleet Feet Sports Franchise Review | FranchiseGrade.com
Franchise Facts How much does a Fleet Feet Sports franchise cost? Fleet Feet Sports has a franchise fee of up to $38,000, with a total initial investment range of $187,500 to $413,000.
How many stores does Fleet Feet have?
Our 50-person Store Support Team in Carrboro, N.C. exists to help those business owners, who run over 170 locally owned and operated locations and counting in 38 states, become better and more efficient at what they do. You won't find a group of people more committed to helping local owners help local running communities than you will at Fleet Feet.
Why do I own Fleet Feet?
Owning a Fleet Feet franchise has allowed me to help the people in my community become more healthy and active. I work for myself, do something I’m extremely passionate about, and change people’s lives.
What is the secret sauce of Fleet Feet?
We know the "secret sauce" comes from finding and supporting the right owners to open a Fleet Feet. Owning your own business is tough work; owning your own business that also simultaneously builds and sustains a local running community requires leaders lit from within by passion and a desire to truly change lives.
What is Fleet Feet franchise?
A Fleet Feet franchise is an opportunity to own a specialty retail business with a proven model and the benefit of an experienced team of small business experts. New franchisees are taken through a six-month developmental process encompassing training at the corporate headquarters in Carrboro, North Carolina, as well as in-store training at existing franchises. Training also includes networking and relationship building with national leadership team corporate personnel for ongoing support. New franchisees are also assigned a Corporate Franchise Development Specialist who will work with them from the initial agreement signing through opening day and all the way to the second store anniversary.
How much does it cost to open a Fleet Feet Sports store?
The franchise fee to open a Fleet Feet Sports store is $35,000, with a total estimated investment ranging from $170,000 to $317,000, with liquid cash available of $100,000. A 3-4% royalty fee on gross monthly receipts is paid to the company. The company has recorded annual revenues in excess of $75 million.
What is Fleet Feet Sports?
Fleet Feet Sports is much more than a running store, though the national retail chain offers items that support the running life, such as footwear, socks, inserts, running undergarments, technical apparel and accessories. But beyond their in-store items, Fleet Feet is a starting point for people to change their lives by becoming part ...
When was Fleet Feet Sports founded?
Fleet Feet Sports Franchise Opportunities – History. Fleet Feet Sports was founded in 1976 by Sally Edwards and Elizabeth Jansen, who opened their first store in Sacramento, California.
Is Fleet Feet Sports a franchise?
Fleet Feet Sports is listed in the Franchise Directory under the Retail category. It's also listed in the section for Franchises Under $150,000 .
How many miles does a franchise have?
However, they will be granted a one to five-mile protected territory as arranged in the Franchise Agreement.
How long does a franchise last?
If the franchisee remains in good standing, they can renew for another 10 years.
What is The Real Cost of A Lemonshark Poke Franchise?
However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.
How many people are in a franchise territory?
Each store has a territory with a population base of 200,000 people as long as the base doesn’t go beyond a 25-mile radius. Not to mention, the franchise will not allow other franchisees to locate a retail store within that territory. Aside from the radius method, both parties could also mutually agree on identifying the territory based on other methods.
What is a franchisee's guarantee agreement?
This agreement guarantees the performance of the franchisee’s obligations as well. Furthermore, the document includes non-disclosure and non-competition agreements.
What are the obligations of a franchisee?
Obligations. As a franchisee, you are expected to participate in the business’s operations all year round directly. A side from completing the training programs, franchisees, its managerial and supervisory staff must pass background checks, arrest notifications, fingerprinting, and other legal requirements.
When was Freshii founded?
Freshii was founded in 2004 in Canada. In 2008, it started franchising and managed to have over 470 units over the years. Back then, Freshi’s popularity soared, and it accumulated hundreds of franchises. If you’re interested in a Freshii franchise, you’ll be able to operate an establishment offering various healthy meals such as:
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 151 franchised Fleet Feet Sports locations in the USA.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
When did they begin franchising?
They began franchising in 1978. The average Recreation franchise began franchising in 2006.
When did Fleet Feet start franchising?
Instead of opening a third company store, Edwards and Jansen decided to start franchising in 1978 . The friends and business partners didn’t just sell franchises to anyone though, they made sure to only sell to people who loved running and their communities. The first franchises were opened around California and the company grew steadily over the next few decades.
How long is Fleet Feet in business?
2017 and 2018 average, median, lowest, and highest gross sales (as well as the gross sales for the 25th and 75th percentile) for all franchised, affiliate-owned, and franchised and affiliate-owned (combined) Fleet Feet store locations in operation for at least 24 months
What is Fleet Feet using technology for?
Pointer added, “We ask ourselves one question when it comes to incorporating technology, and that is ‘Will it make the customer experience better?’ From our 3D scanning technology to the recent introduction of our app, Fleet Feet is using technology in a way that amplifies our strengths to provide best-in-class support for our customers. Now working with Superfeet and Volumental, we will soon incorporate digital gait analysis. This will output additional measurements beyond 3D shape alone, like heel rotation and knee pressure patterns, paving the way for even more personalized product solutions and advice. It’s an exciting time for Fleet Feet and for our customers.”
When did solemates start?
17. The SoleMates program began in 2009 and has helped over 14,000 people raise over $8 million for Girls on the Run councils. The partnership announcement with Fleet Feet coincides with a relaunch of the branding and marketing for the SoleMates program, and includes refreshed assets, positioning, and an updated website.
What causes franchisees to vary?
Variations among franchisees may be caused by a variety of factors such as location, demographics, general economic conditions, weather conditions, inventory mix, competition, and other seasonal factors as well as the efforts of the individual franchisees and their staffs.
How many outlets are there at the end of the year?
Outlets at the End of the Year: 36
What is Fleet Feet Rewards?
1. At the end of February 2019, Fleet Feet launched its revamped customer rewards program in conjunction with a new app. In addition to a traditional spend-and-get purchase-based program, the Fleet Feet Rewards Program features a system that incentivizes running, community engagement, localization, and more, allowing customers to earn “Miles” to redeem for running trips, race entries, branded apparel and gear, and other running-related items.
What is Fleet Feet Sports?
Fleet Feet Sports offers you the opportunity to combine your passion for running and health with your determination to work for yourself. If you believe in yourself and want to help others become more healthy and active, this may be the next chapter in your life. We provide a proven business model with support from an experienced team of small business experts and retail leaders. Owning your own store can be fulfilling but can also be challenging. At Fleet Feet, Incorporated we promise that we will guide you through this journey. You will have access to Fleet Feet, Incorporated's experienced staff, a large pool of fellow franchisees who have been through all stages of the process, and access to our proprietary "best practices" that have been established by the Fleet Feet Sports network.
What is Fleet Feet and Girls on the Run?
Fleet Feet and Girls on the Run Announce SoleMates National Partnership#N#Fleet Feet, the retail leader in inspiring and empowering the runner in everyone , has signed on as the official retail and sporting goods partner of SoleMates, a Girls on the Run (GOTR) program that empowers adults to achieve fitness and running-related goals while raising money, support, and ...
Where was Fleet Feet Sports founded?
Sally Edwards and Elizabeth Jansen opened the first Fleet Feet Sports in Sacramento, California, in 1976. In 1993, Tom Raynor purchased the company and moved the headquarters to Carrboro, North Carolina.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is 0.25% franchising fee?
0.25%. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide.
How many stores does Fleet Feet have?
As a Fleet Feet franchise, you always have access to a support network of more than 170 stores and our 50-plus person corporate team. Consider us your best employee.
What brands does Fleet Feet work with?
We help facilicate the opening of your vendor accounts and work closely with all key brands including, but not limited to, Adidas, Asics, Brooks, Mizuno, New Balance, Nike and Saucony. Plus, Fleet Feet has the exclusive on all Karhu running products. We guide you on product assortments but don't mandate what you carry and don't carry.
What kind of support can I expect from Fleet Feet?
We will give you the tools and support to acquire, serve, and retain customers, and manage a business with optimum results. Areas of training we provide include (but are not limited to):
Does Fleet Feet franchise internationally?
No. At this time, we are not set up to open franchises outside of the United States.
Do I purchase product directly from vendors or from Fleet Feet, Inc.?
You will purchase most inventory directly from vendors and we’ll help you establish both your credit and relationships with vendors. We make certain equipment and branded products available for purchase from us at your option.
How does the Fleet Feet name help support my relationship with vendors?
With Fleet Feet, you will gain national account recognition with accompanying discounts, invoice terms, discretionary funds and access to exclusive product.
What is a fit ID?
Our exclusive 3D foot scanning system, fit id™ provides us with an unmatched fit process delivered by our expertly trained staff. We curate a selection of the best and latest product from our vendor partners, and our exclusive relationship with the Finnish running brand Karhu means Fleet Feet is the only retailer in the U.S. that offers its premium running shoes.
