What experience do I need to become a Little Stix Lacrosse franchise owner?
Franchisees must enjoy children and be excellent communicators and thoughtful listeners. They should have networking and customer service skills, maintain a professional demeanor and appearance, have basic business and computer skills, and be able to lead, motivate and train capable staff on the Little Stix Lacrosse business model. They should also have an above average credit rating and sufficient capital to adequately capitalize the early development of the business. Ideal candidates will have experience in teaching – elementary education or physical education teachers, or have a background in playing lacrosse, either at a collegiate or professional level. We look for motivated individuals who embrace the idea of a children’s franchise and the vision of the brand, ideally because they appreciate the importance of Little Stix Lacrosse’s standards and how those standards provide the brand with advantages over the competition. All candidates must agree to a full security background check.
What is provided as part of the Little Stix Lacrosse opportunity?
You and up to two additional people will attend an initial start-up training program at our central location, lasting for up to five days. Then, an in-territory training session will be provided, where we’ll spend up to two days with you on-site, to help ensure a smooth business launch. Training includes guidance on networking with local facilities and spaces, marketing to families, recruiting coaches, and other important business functions. You’ll also receive a confidential operations manual that details establishing the business, as well as assistance ordering initial equipment and inventory, assistance with creating the franchisee’s Facebook page and Facebook ad blitz, as well as ongoing remote phone and email support, refresher training, in-territory visits to discuss business planning and growth, and more.
How much will the Little Stix Lacrosse program investment cost me?
The total initial investment necessary to begin operations ranges from $45,609 to $69,498 for a start-up franchise. This includes a $30,000 initial franchise fee. As with any new venture, it’s important to have adequate capital to fund the initial business growth stages.
Is financing available?
No. We do not provide direct financing to franchisees, but we may refer to financing sources on a case by case basis.
Are there ongoing fees to pay?
We charge a royalty fee equal to 7.5% of gross revenues or a minimum monthly royalty fee, whichever is greater. These fees allow us to fund our ongoing support services and the continued development of product and supply channels, marketing tools, training programs, and systems upgrades. (Please see our FDD for a full listing of fees).
Are there any advertising fees?
Little Stix Lacrosse franchisees are required to spend 3% of gross revenues or $450 per month (whichever is greater) during their first two years of operations on approved local marketing; after that, they are required to spend 3% of gross revenues. Little Stix Lacrosse franchisees will also contribute up to 2% of gross revenues into the brand development fund. Collected funds will be used to develop marketing strategies to promote the Little Stix Lacrosse brand and fund the creative costs to develop local marketing materials and campaigns.
What is the term of the agreement?
The initial term of your agreement is five years, with three subsequent successor agreement options of five years each.
How do I get started?
If you’re interested in learning more about how to open a Little Stix Lacrosse franchise, contact us at Call (866) 545-7849 (866-LIL-STIX) or firstname.lastname@example.org to discuss the possibility of setting up a meeting regarding your own children’s franchise, speaking with our key management staff, and receiving our FDD (Franchise Disclosure Document) which contains all the important details you’ll need to make an informed decision.
Home based, mobile business model makes for an easy transition into Little Stix Lacrosse franchise ownership, without the hassle or expense of a storefront.
The Little Stix Lacrosse program/classes take place in the parks and athletic fields within your own community, offering great visibility for your youth sports franchise business, while providing a great experience for your neighbors and their families.
In addition to athletic skills, your Little Stix Lacrosse business will help build character in young players by way of good sportsmanship, teamwork, encouragement and the power of positive thinking.