Sports Wear Establishment, Achieving $1 Million Annual Income, Contemplates Franchise Expansion
Revamped Rant:
Yo, let's dive into the world of The Sports Bra, a sports bar empire seeing a massive expansion! Since its debut in 2022, this ladies-first sports bar has been making waves and now aims to take over the cities of Boston, Indianapolis, Las Vegas, and St. Louis.
So, what's it gonna cost ya? The Roulette on investing in The Sports Bra franchise expenses upwards of $885,000 in initial costs, including $55,000 as a franchise fee, and additional startup expenses like training, leases, and insurance.
Founded by Jenny Nguyen, The Sports Bra has a unique menu featuring items such as the $17 Bra-L-T sandwich, a $15 kale Caesar salad, $8 draft beers, and a bouquet of cocktails, including "The Title IX." With flat-screen TVs playing women's sports games, it's all about empowerment and support.
But wait, there's more! After setting up shop, franchisees will fork over as much as 11% of their gross revenue annually. That's right, 11%! This includes royalties, brand development fees, group advertising, and contributions to local charities and women's causes.
Now, don't think you're on Easy Street once you make the initial investment and start earning those big bucks. Franchisees have to deal with mystery shoppers, penalties for unauthorized menu changes, and seek special permission for catering and delivery services.
So, why the heck would anyone want to do this, you ask? Well, The Sports Bra brought in an average revenue of $1.086 million in the past two years, with food and alcohol sales accounting for a whopping 80% of that revenue! The future looks sweet, and investors are more than keen to jump on board. In fact, other sports bars aimed at women have already sprung up in cities like Long Beach, CA, and Seattle.
The Sports Bra has big plans, with aspirations to open up 100 franchise locations over the next five years. If you're living in one of the 41 eligible states and you have your eyes set on a WNBA or NWSL franchise, consider yourself in the game! Just remember, the competition will be fierce, and you'll have to follow The Sports Bra's rules to the letter. Don't mess up, or you'll be facing a $250-a-day penalty!
Enrichment Data Snippets:
- The Sports Bra requires an initial franchise fee between $55,000 and $56,500 and an ongoing 11% of revenue.
- The primary upfront investment is $900,000, covering the direct franchise fee and startup costs like training, leases, and insurance.
- Potential franchisees should prepare for mystery shopper visits, penalties for unauthorized menu changes, and applications for catering and delivery services.
- With the success of The Sports Bra franchise, people are seeing opportunities in real estate, as they aim to open new locations in cities like Boston, Indianapolis, Las Vegas, and St. Louis, expanding their commerce in the sports and business sectors.
- For those interested in investing, it's crucial to consider the financial requirements, such as the initial investment of $885,000, including the franchise fee, and ongoing expenses like royalties and brand development fees, which amount to 11% of gross revenue.
- apart from sports, The Sports Bra's unique approach to investing in a women-focused business empowers not only its patrons but also local charities and women's causes, making it an attractive opportunity for those looking to support causes they care about through commerce and finance.
