Frequently Asked Questions
- Franchising Costs
- Financial Requirements
- Royalty Fee
- Advertising Fee
- About Building a Store
- Required Population for a Location
- Support for Multiple Stores in the Same Town
- Generating Sales
- The Steps to Owning a Franchise
How much does a GatSplat franchise cost?
The franchise fee is $25,000. The initial investment estimate for a GatSplat Facility can range from just under $250,000 to more than $750,000 depending on the size of your facility, how much finish out is needed in the building, etc. More precise costs and shopping lists will be provided in the Franchise Disclosure Document (FDD).
What are the financial requirements to qualify for a GatSplat Franchise?
To purchase a GatSplat franchise, you will need a credit score of 700 or more, a net worth of $500,000, and the required liquid capital of $100,000.
If I don’t meet the financial or operational criteria to become a franchisee, can I partner with someone who does?
Yes, you can. As long as your partner owns at least 50% of your organization, this is acceptable.
Will you help me secure financing?
No, GatSplat does not offer financing at this time.
Is there a continuing royalty fee?
The continuing royalty fee is 6% of gross sales.
Is there an advertising fee?
Currently we do not have a required local or national advertising fee.
I’ve never started a business before, how much assistance will I get?
The GatSplat team will guide you through all phases of the business startup. Starting with site selection, we will guide you and give advice on the best place to run your facility. Then, working with our architects, we will evaluate the best way to model, and remodel your space. Having been through the construction phase multiple times, we can point you toward the best way to get things done, and make sure your contracts are within reasonable budgets. We have the sources for all necessary equipment, including custom cleaning equipment, the proper netting, astro turf, sourcing the furniture, compressors, rental equipment and more. Then we will train you and your manager in our facility, to assure that you have a firm grasp and understanding of all aspects of the buisness.
During the prepatiotion for your grand opening we will teach you how to use your custom provided web page, reservation and waiver software, promotional email programs and more. As you get going, we will help you and assist in optimizing the profitability of your facility to assure you have an on going venture that will provide you with the maximum return on your time and investment.
How large of a population is necessary to open a GatSplat?
A successful location should have a relatively affluent demographic population of at least 300,000 within a 40 minute drive.
Will I be the only GatSplat in my area?
GatSplat Franchises will attract customers within a 15 – 25 mile radius depending on the size of the city, drive time, population density, etc. If a GatSplat already exists in your area, there may be enough local demand to support another, as long as the distance between any two facilities is such that they can compliment each other with mutual advertising campaigns, and not cannibalize each others customers.
I’m not a marketing expert. How do I build sales?
Building sales requires a multi pronged effort. The GatSplat team will assist you in building your clientele with proven systems, software, and marketing techniques. Of course the real secret to building sales is to provide an exceptional customer experience to spur repeat and referral business.
How many people may attend training?
Up to two people are included in the training process as part of the initial franchise fee. Additional staff may attend for a fee.
What are the steps and time required to own a franchise?
There are seven main steps to owning a franchise:
- Complete Your Application
- Sign Your Franchise Agreement
- Visit GatSplat facility in Lewisville, TX
- Secure Your Location
- Return to GatSplat to complete Training
- Build & Outfit Your Facility
- Open Your Store
The time to complete these steps is heavily dependent upon the time it takes you to locate, secure and finish out the facility location. It should take between 3 and 6 months to complete all steps. unless construction delays add additional time to the time table.
Don’t see your question here? Feel free to contact us at firstname.lastname@example.org and we will answer any of your questions.