Sky Zone Franchise – The franchisor is Sky Zone Franchise Group, LLC. The franchisor sells franchises to function Sky Zone Indoor Trampoline Parks that provide all-trampoline walled Playing Fields to be used for sports, recreational and fitness activities utilizing the System and Intellectual Property as described in the Franchise Agreement.
The franchisee will run a Sky Zone Indoor Trampoline Park that provides patented all-trampoline walled Playing Fields to be used for sports, fitness and recreational activities.
Neither the franchisor nor any agent or affiliate of its own provides direct or indirect funding to franchisees, guarantees any of their notes, rentals or duties, or has some other clinic or intention to sell, assign or discount to a third party all or any a part of any of their funding arrangements.
All of the designated training for franchisees is mandatory and must be completed to the franchisor’s satisfaction after franchisees have signed up the Franchise Agreement and until they are approved by the Operations team to open their Park. The franchisor will give an initial training program to the operation of the Park for its Running Principal Owner along with the Park management group (minimum of 3 supervisors and 1 additional leader for franchisee). The initial training program will take place at one of the franchisor’s accredited Sky Zone Training Parks and will last anywhere from 7 to 21 days. The franchisor will, at its cost, also offer on-site, opening assistance, comprising 1 to 2 persons, for a minimum period of 5 days in the Park’s place once it opens. These programs are not mandatory at this time but might be later on.
Franchisees must operate their Park at a specific location, which is chosen by franchisees and consented to by the franchisor. Franchisees will be awarded an “Assigned Territory” which will be described in the Franchise Agreement. This is the franchisee’s exclusive territory. Typically, the Assigned Territory is going to be clarified concerning contiguous zip codes and will include a population of between 100,000 and 500,000 individuals. The franchisor uses the U.S. Census Bureau and other comparable resources for discovering population data. If franchisees are not in default under the Franchise Agreement, the franchisor and its affiliates will not locate, function, or grant a franchise for another Sky Zone Indoor Trampoline Park within the Assigned Territory.
The length of the initial franchise term is 10 years out of signing the Franchise Agreement. One added term for 10 years is available, subject to the Franchise Agreement.
“Operating Principal Owner” means franchisees, if they are a sole proprietor their majority shareholder (over 50 percent equity ownership, or whether there is absolutely no shareholder with 50 percent or greater equity ownership, the shareholder(s) together with the greatest percentage equity ownership), if they are a company, a partner owning a significant share of the partnership, even if they’re a partnership, or the member possessing the majority interest or the manager of a limited liability company, if they are a limited liability company. Hence, the Operating Principal proprietor must use their best efforts and is personally accountable for the management of the Park on a day-to-day basis, unless otherwise approved by the franchisor. The franchisor, in its sole discretion, requires that franchisees start using a minimum of 4 qualified supervisors accepted by the franchisor to operate the day-to-day affairs of the Park; however, they must stay actively involved with the operations and direction of the Park. The franchisor requires franchisees to offer and sell only those goods, programs and services that it has accepted. Franchisees are prohibited from offering or selling any goods, programs or services not approved or approved by the franchisor and by using the premises for another purpose than the performance of a Sky Zone Indoor Trampoline Park in compliance with the Franchise Agreement.
- Liquid Capital Required:
- Net Worth Required:
- Total Investment:
$1,300,000 – $2,600,000