Are you looking into getting started in a kids franchise business. Perhaps you are looking into how to open a Safari Run franchise. This page is designed to help you find the information you are looking for such as net worth, liquid capital required, and what your total investment might be. You will also learn about financing options, royalty fees and terms of agreement.
Safari Run is a kids play place that caters to ages 3-13. They offer a safe environment for active kids to burn off steam and participate in some organized activities as well. They try to encourage fun in a positive and healthy fashion. Safari Run general multiple revenue streams by offering party services, public open play, seasonal camps where the children experience indoor and outdoor games, crafts and healthy food, and fitness classes that help children learn about healthy lifestyles while playing and having fun.
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Company History
Safari Run was created in 2006 by Jodi Hamilton-Eichensehr, a certified personal fitness trainer after a successful business run with Fitness 4 Future LLC. She wanted a place where kids could have a fun fitness experience. Her children helped in the choosing of the safari theme and the name. They liked the Safari theme and she liked the running track and thus the name Safari Run, her husband was the engine behind the ideas, put everything together and thus the business was started. The research was done as a family and the fast slides and ladders ranked high on her boys' list, the camps based around fitness came from her own fitness training background.
Franchise Requirements
When looking into purchasing a Safari Run franchise there are certain requirements that must be met before a person or a group of people may be considered as candidates. You must be able to show a net worth of $500,000 or more, and have a cash liquidity of $100,000.http://www.franchisegator.com/Safari-Run-franchise/ A candidate must also agree to the terms of the Safari Run franchise such as a 6% royalty fee that is paid weekly from your gross sales and a commitment to advertising in specific percentage amounts.http://www.safarirun.com/shop/pages.php?pageid=26 A Grand opening is required and exclusive territory is not guaranteed. The term of the franchise agreement is 5 years and is renewable for three successive terms of five years each.http://www.safarirun.com/shop/pages.php?pageid=26
Financing Alternatives
Many people do not have the large amount of money in the bank that is needed to get into a franchise business. Most likely you'll need some help getting started with your Safari Run franchise. Although Safari Run does not provide financing themselves, they do have an arrangement with third parties to provide financing and equipment leasing for their franchisees.http://www.franchisegator.com/Safari-Run-franchise/ Call the company for specific answers to a particular situation. You may also qualify for assistance through the U.S. government SBA (small business association) loan program.http://www.sba.gov/financialassistance/borrowers/index.html14
Disclaimer
The content in this page is not a substitute for professional financial advice. Please contact your financial adviser before using the information presented here.
