HOW MUCH DOES A PREMIER FLOORBALL FRANCHISE COST?
A Premier Floorball franchise is defined as one community that is centered around one minor hockey association. The starting price for a Premier Floorball franchise, where minor hockey registrations do not exceed 1500 members is $12,500 plus HST. For additional franchises, the price per Premier Floorball franchise is $10,000 plus tax. Communities having larger minor hockey associations where memberships exceed 1500, the price for a Premier Floorball franchise will be prorated. Premier Floorball offers each franchisee an optional fee should they request a Premier Floorball representative travel to their location to help in the set up and onsite training.
ARE THERE ANY OTHER ONE-TIME COSTS ASSOCIATED WITH OWNING A PREMIER FLOORBALL FRANCHISE?
Yes and no. Franchisees are required to reach minimum annual player registrations for their recreational floorball clubs each year. These minimums are put in place to ensure that the franchise’s business does not sit dormant and that the annual costs Premier Floorball must pay to support each franchisees club are covered. These annual costs include services such as web site hosting/server services, url subscription fees, Floorball Canada audits and quality assurance reviews, memberships fee into national/ international sport organizations and any annual expenses associated with events that Premier Floorball must cover to ensure their franchisees stay connected and up to date on new programs to help.
If a franchisee meets or exceeds these annual minimum numbers, then there are no extra fees.
ARE THERE ANY CONTINUOUS ROYALTIES?
No. Premier Floorball franchises are not required to pay a percentage of their revenues in the form of an ongoing royalty to Premier Floorball Inc. Franchisees are only required to pay a per player fee for each player that is registered in their respective club and other organized ongoing floorball events that require registration (tournaments, hockey development camps etc.). These fees are for Support Services provided to the franchise.
ARE THERE ANY OTHER COSTS THAT A PREMIER FLOORBALL FRANCHISEE SHOULD BE AWARE OF?
Yes. Each Premier Floorball franchisee is required to purchase a minimum number of Floorball Canada memberships (the National Sports Organization governing floorball in Canada) as well as an equal membership in their Provincial Sport Organization, if applicable. These governing bodies are essential in ensuring players, coaches and officials receive benefits and privileges from programs, training and accessibility to qualify for national teams. Fees are set by Floorball Canada and Premier Floorball typically build these into the per player fees, and extrapolate them at the time of registration.
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?
Not necessarily. Each franchisee is required to have growth in their business annually and deliver a quality service to players, coaches and officials. If the franchisee can meet their goals while sustaining quality expectations from their hired staff or volunteers, then there is no requirement for the franchise to work more hours or be actively be involved in the business. If, however, the registration goals are not met and/or the quality of delivery in the club is under performing or worse, deteriorating, then the franchisee will be required to put more hours in to curing any shortfalls and/or be more active to ensure they do not put their franchise at risk.
CAN A PREMIER FLOORBALL FRANCHISE EARN EXTRA REVENUES FROM THIS BUSINESS?
The main source of income (revenues) for a franchise operation is through registration fees (club leagues, tournaments, camps etc.) and one off floorball events (school programs, minor hockey cross training clinics). Although these registration fees are set by Premier Floorball Inc. a franchise can adjusted them up or down as registration incentives or disincentives (i.e. early bird registrations). Additional income opportunities are available in the resale of equipment and/or apparel from Premier Floorball Inc. Approved Suppliers or from revenues from local sponsors. Premier Floorball Inc. does reserves the right to sell national advertising of behalf of their franchisee but shares the compensation with each participating franchisee.
CAN I BE ASSURED TO MAKE AN INCOME FROM BUYING INTO A PREMIER FLOORBALL LICENSE?
Unfortunately, not. The financial success of owning and operating a Premier Floorball franchise is primarily dependent on the input and efforts of each franchisee. As well, economics, community environments, competition, personnel and many other external factors can dramatically affect any business. That said, it is extremely difficult for Premier Floorball Inc. to offer any assurances of financial or personal success.
Applicants should consider their business experience, financial resources, cash flows, time, health and any other influences before committing to purchasing and operating a Premier Floorball franchise.
Premier Floorball Inc. is however required to support the franchisee in the development of their floorball club business in the form of providing tools and resources relating to initial training, marketing collateral, operational processes, software and support services to ensure they do not stray away from the strategies that are helping other franchisees become successful
AM I GOING TO BE ALONE IN THIS BUSINESS OR WILL PREMIER FLOORBALL INC HELP?
Premier Floorball Inc. is only successful if our franchisee is successful because our revenues are primarily based on our franchisees’ player’s registrations. While our franchisees are in their communities and gyms working IN their business, Premier Floorball Inc.’s team are continuously working ON the business of floorball in developing new tools, refining systems, testing new marketing strategies, communicating and sharing new ideas from the franchise networks across Canada & USA and forging alliances with new equipment and new apparel suppliers to garner lower prices on products and discover better services to help our franchisees’ businesses. As well, Premier Floorball Inc. continuously seeks out national advertisers and sponsors to help franchisees supplement revenues and offset expenses in their floorball clubs. Liaising with governments, national sport organizations and floorball governing bodies to build stronger floorball communities and the Premier Floorball brand is another key component that helps our franchises.
Premier Floorball Inc. continuously explores ways to better serve our franchisees in upgrades to our technology, web site, marketing programs, training, certification and overall processes that will help deliver a better “floorball experience” to our players, coaches and officials. We realize that there are many children who cannot afford to play sports, so we embrace the philosophy that businesses need to be responsible within their community and help restore families’ dignities by making it easier for their children to play floorball and be part of their community. We work with all our franchisees to encourage them to return a proportion of the profits back into their communities in the form of providing ‘sponsored’ registrations, ‘new to them’ floorball equipment and subsidized coaching/ refereeing programs for parents so they can learn and participate in their child’s growth. Premier Floorball Inc’s goal is to become the largest and most recognized floorball network in North America!
For more information or questions relating to the buying into of a Premier Floorball license please CONTACT US and we will be pleased to answer your questions.