We Play Loud (WPL) is now offering Franchising Opportunities in the United States. [not available in all states.]
Any potential franchisee can expect to sign a non disclosure agreement and participate in proper vetting to ensure any potential franchisee holds the capital necessary to be successful.
Estimated Costs for Opening a We Play Loud Franchise
Overall Investment Ranges from: $750,000 to $1,500,000
Typical franchisees use a combination of their own investment capital and then secure a SBA (Small Business Association) Loan to cover the remaining capital neeeded (depending on your credit, prior business experience, credit history, collateral, etc.)
Initial Franchise Fee: $50,000.00
Royalty Fees – 7% of Gross Sales Advertising Fees of 2% of Gross Sales
Estimated Time to Build & Open a We Play Loud location once a location is secured: 4 – 6 months.
We have seen our competitors average 6 – 12 months! That could end up costing you hundreds of thousands in additional capital. The critical factor when opening a location is “Time”. Your landlord will give you a certain amount of construction time, typically some months free of rent payments, or half rent. You want to make sure you complete your construction build out in a timely manner otherwise its going to cost tens of thousands in additional rent expense alone. You don’t want to be in a position were you are paying rent and the doors aren’t even open. That has never happened to a single We Play Loud location and we average a 4.5 month construction time. This means from the time we secured a lease to the time construction is done and doors are open – we have averaged 4.5 months! Again our competitors are taking much longer which means they are paying far too much. We want you to open your doors in a timely manner – your success is our success. It’s really that simple.
The overall investment range of $750,000 – $1.5 Million varies due to region selected, the construction needs of a partial retail space (determined by the city/state building code), the size of your location, lease rate & down payment negotiated with your landlord, the equipment, the cafe, birthday party rooms, bathroom capacity, electrical requirements for adequate power, and much more.)
How the process starts:
#1. Fill Out the Form Below.
#2. Our Legal Department will then reach out to you. They will have you sign a non-disclosure agreement w/notary. They will perform a personal credit check. They will request & verify a “proof of assets” check.
You will need to provide proof of assets showing no less than $250,000 in liquid capital assets (bank statements, 401K, stocks, investment portfolio).
If you are an angel investor/investment group/hedge fund our legal team will go over the various asset documents required.
Please understand no information regarding our business, structure, sales volume, etc., will be provided or discussed without a signed notarized non-disclosure agreement, credit check & verification of proof of assets.
If you are a serious about franchising and would like to speak to We Play Loud about why investing in our team/company is smart business with profitable returns please complete the following form below:
We Play Loud’s management team has extensive experience in the children’s education & financial sector having grown from their inception two major financial service companies in the United States & Canada grossing over $60 million in sales. In addition, its management team created and successfully sold an aviation services concierge company serving over 13 airports in the tri-state NY & NJ area; adding strength to its experience in the customer service sector. Its partners have directly employed and managed over 250 employees in multiple states and countries (United States, Canada, China & Vietnam). We look forward to working with you.