HOW MUCH DOES A PREMIER FLOORBALL FRANCHISE COST?
A Premier Floorball Inc. franchise area* is defined as one or more communities having a Hockey Canada sanctioned minor hockey association. The starting price for the rights to a Premier Floorball Inc. franchise is $25,000 plus tax. In the case where a community is relatively small, Premier Floorball Inc. offers rights to a “satellite franchise” starting at $12,500 plus tax. It is worth noting that, should an existing franchise desire to expand, each additional franchise fee starts at $10,000 plus tax.
Franchisee have the option to purchase additional products and services from Premier Floorball Inc. at the time of purchasing their franchise rights so initial investment may increase.
* A franchise area is defined based on membership statistics from a community minor hockey associations and government census data, where available.
WHAT ARE THERE ANNUAL COSTS ASSOCIATED WITH OWNING A PREMIER FLOORBALL FRANCHISE?
Franchisees are required to grow their club player registrations (i.e. player enrollments) each year. These minimum annual player enrollments are to ensure the franchise is better positioned to cover the annual fees for products/ services that are needed to operate their franchise. Mandatory fixed fees are required to offset Premier Floorball Inc. supplier cots for annual software licensing fee, annual subscription/ web hosting fees and annual training/upgrade fees.
Annual Floorball Canada memberships dues for player, coaches and officials are dependent on the number of players, coaches and officials that register each year. These dues are essential for the National Sports Organization to create better training programs, update certifications and continue to develop and maintain a national teams pathway/structure for players, coaches and officials .
ARE THERE ANY ROYALTIES?
No and Yes. Premier Floorball franchises are not required to pay a percentage of their total revenues (i.e. royalty) like conventional franchise systems. There are a number of select floorball activities that Premier Floorball Inc. allows its franchisees to keep 100% of revenues.
There is a mandatory Support Service fee required on all player enrollments into clubs, tournaments, camps and/or series of ongoing floorball events. This Support Service fee is used by Premier Floorball Inc to offset expenses associated with helping franchises in marketing, operations and business development and investing in improving our franchise system (See WHAT CAN I EXPECT FROM PREMIER FLOORBALL INC.?)
ARE THERE ANY ONGOING COST THAT A PREMIER FLOORBALL FRANCHISEE SHOULD BE AWARE OF?
Yes. Like any business a franchise will need to incur expenses to operate their clubs, tournaments, camps and other floorball activities. These expenses can be in the form of gym rental fees, equipment purchases, referee wages, convener commissions, advertising costs, general marketing campaigns, insurance, vehicle expenses, uniforms and/or office expenses. There may be more costs depending on each franchisee needs. Franchisee determines their own expenses however, Premier Floorball Inc. may negotiate bulk buying agreements with Approved Suppliers to help franchisee lower operating expenses for their business.
Additionally, an annual flat fee of $5 per register player/year is required from each franchisee. This is a one-time fee regardless of the number of times a player participates in floorball activities/games or tournaments during the year. Monies from this fee will be earmarked for a fund to be used for national advertising campaigns or large program developments.
IS A PREMIER FLOORBALL FRANCHISEE REQUIRED TO WORK IN THE BUSINESS FULL TIME?
Yes. Each franchisee is required to grow their business annually to meet or exceed minimum player enrollments (i.e. registrations) while ensuring they maintain superior quality service for players, coaches and officials.
If the franchisee can meet their goals and sustain the quality expectations through hired staff or volunteers, then Premier Floorball Inc. may make an exception and permit the franchise to work part time or be at arms length of the operations.
If, however, player enrollments are below acceptable minimums and/or the quality of operation is under performing or worse, deteriorating to the point of solvency, then the franchisee will be required to personally put more time in to the business so as to curtail any shortfalls and/or issues that may jeopardize the brand or put their franchise at risk.
CAN A PREMIER FLOORBALL FRANCHISE EARN EXTRA REVENUES FROM THIS BUSINESS?
While the primary source of revenues for a franchise is through player registration fees into club leagues, tournaments, camps etc., there are a number of other floorball activities that can generate additional revenues and serve to build player registrations at the same time.
Floorball activities such as school programs, birthday parties, minor hockey cross training clinics and team building events are quick to set up and easy to deliver and can generate residual income which will help with cash flow in between club seasons. These activities also serve as a opportunity to promote floorball and direct participants to join clubs, tournaments and camps.
Additional income opportunities are available through resale of equipment and/or apparel. Premier Floorball Inc. arranges for franchisees to enjoy wholesale prices from Approved Suppliers and provides franchisees and online store to sell these products at retail pricing . Sponsorship are also means to increase revenues. Many local and national business are seeking advertising outlets to help build their brand so franchisees’ clubs, tournaments and camps are ideal to reach their target audience.
CAN I BE ASSURED TO MAKE AN INCOME FROM BUYING THE RIGHTS TO A PREMIER FLOORBALL FRANCHISE?
Unfortunately, there are no guarantees. The financial success/ loss of owning any business is primarily dependent on the input and efforts of each franchisee. Economics, community environments, competition, personnel and many other external factors can also dramatically affect any business revenues.
Premier Floorball Inc., however, does help franchisee by providing training, software, marketing systems, supply chains and ongoing Support Services to shorten the learning curve and alleviate the personnel burden that many independent entrepreneurs experience with going in alone on a business.
Premier Floorball Inc. believes that its relationship with franchisees is one of a ‘strategic partnership’ whereby each brings their expertise together for a shared responsibility in growing the business and delivering superior quality to our players, coaches and officials.
It is important that applicants consider their lifestyle needs, family responsibilities, financial resources, time, health and any other influences before committing to purchasing the rights to a Premier Floorball Inc. franchise.
WHAT CAN I EXPECT FROM PREMIER FLOORBALL INC.?
In addition to providing initial training and suite of Support Services to help franchisee build their sport business and introduce youth and adults to the sport of floorball, Premier Floorball Inc.’s team are continuously work on the business. Some of those initiatives include building better technologies, refining systems for efficiency, testing new marketing strategies, building stronger relations with national/ international governing bodies of floorball, forming strategic partnership with other National Sports Organizations, sponsoring major floorball events, developing cross promotional campaigns with community organizations/ schools, seeking out national advertisers for joint sponsorship revenues and forging new alliances with Approved Suppliers to garner lower prices and better products.
Premier Floorball Inc. is constantly exploring better ways to serve our franchisees to help them deliver a better “floorball experience” to our players, coaches and grow their business. We also realize that there are many youth who cannot afford to play sports, so we work closely with all our franchisees to find ways to give back into their communities.
Premier Floorball Inc’s goal is to become the largest and most recognizable floorball organization in North America, so franchisees can expect that we will endeavor to find innovative products and services that will continue to set the bar and establish new standards in the field of organized sports.