Soccer Stars Franchise Prices, Charges, Revenues, Income (2023 Evaluation)

On this unique Franchise Chatter FDD Speak put up, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a Soccer Stars franchise, primarily based on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise payment, royalty payment, and advertising payment for a Soccer Stars franchise, primarily based on Objects 5 and 6 of the corporate’s 2022 FDD

Part III – Variety of franchised and company-owned Soccer Stars retailers at the beginning of the yr and the tip of the yr for 2019, 2020, and 2021, primarily based on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the Soccer Stars franchise alternative

Part V – Presentation and evaluation of Soccer Stars’ monetary efficiency representations (common revenues and/or income), primarily based on Merchandise 19 of the corporate’s 2022 FDD, together with data on the:

• 2021 common income, direct bills, gross margin, personnel bills, advertising, basic and administrative bills, royalties and franchise payment bills, and estimated revenue earlier than proprietor’s draw for the 13 franchisor-owned Soccer Stars retailers which have been working for no less than 1 yr

• 2021 whole income by regional territory, common income per class location, class places working inside a territory, and whole regional gross margin for the 13 franchisor-owned Soccer Stars retailers which have been working for no less than 1 yr

• 2021 common, median, highest, and lowest location income and site rely for the 13 franchisor-owned Soccer Stars retailers which have been working for no less than 1 yr

• break-even evaluation to cowl royalties, the Nationwide Promoting Payment, and Expertise Charges for one franchised enterprise

Part VI – Key ratios, comparables, computations, and analyses for the Soccer Stars franchise alternative (unique content material for Platinum subscribers)

Part I – Soccer Stars Franchise Prices

• Soccer Stars franchise prices, primarily based on Merchandise 7 of the corporate’s 2022 FDD:

• Preliminary Franchise Payment:  $49,500
• Coaching Bills:  $0 to $2,000
• Distant Coaching Payment:  $0 to $3,000
• Furnishings, Fixtures, and Gear:  $0 to $500
• Starter Package and Preliminary Uniforms and Advertising Supplies:  $2,000 to $4,000
• Pc System:  $0 to $1,000
• Expertise Upkeep Payment:  $600
• Insurance coverage and Skilled Providers:  $1,000 to $2,500
• Permits, Licenses, and Certifications:  $0 to $1,000
• Grand Opening Advertising:  $5,000
• Funds – 3 Months:  $10,000 to $20,000
• Territory Overage Payment:  $0 to $0.13 per particular person
• Whole Estimated Soccer Stars Franchise Prices:  $68,100 to $89,100

Part II – Soccer Stars’ Preliminary Franchise Payment, Royalty Payment, and Advertising Payment

• Soccer Stars’ preliminary franchise payment, royalty payment, and advertising payment, primarily based on Objects 5 and 6 of the corporate’s 2022 FDD:

• Preliminary Franchise Payment:  $49,500
• Royalty:  the larger of 8% of Gross Revenues or the “Minimal.” For the Full Program, the Minimal is $700 per thirty days. The Royalty will begin on the seventh month following the opening of your Franchised Enterprise.
• Franchisee Nationwide Promoting Payment:  $200 per thirty days for Full Program
• Native Promoting Expenditures:  as much as 3% of Gross Revenues, however presently 1% of Gross Revenues
• Regional Promoting Cooperative Payment:  presently none. Soccer Stars could require you to contribute as much as 3% of your Gross Revenues to the cooperative.

Part III – Variety of Franchised and Firm-Owned Soccer Stars Shops

Franchised

2019

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Internet Change:  0

2020

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Internet Change:  0

2021

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Internet Change:  0

Firm-Owned

2019

• Shops on the Begin of the 12 months:  13
• Shops on the Finish of the 12 months:  13
• Internet Change:  0

2020

• Shops on the Begin of the 12 months:  13
• Shops on the Finish of the 12 months:  13
• Internet Change:  0

2021

• Shops on the Begin of the 12 months:  13
• Shops on the Finish of the 12 months:  13
• Internet Change:  0

Part IV – Information Updates on the Soccer Stars Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Soccer Stars Franchise (Merchandise 19, 2022 FDD)

• The next data represents the “Gross Revenues” of 13 Franchisor-owned Soccer Stars retailers, for the time interval of January 1, 2021 to December 31, 2021. This data consists of solely retailers which have been working for no less than 1 yr (the “Reporting Soccer Stars Shops”).

• “Gross Revenues” is outlined because the gross income generated by the Reporting Soccer Stars Shops for the entire services offered. Gross Revenues doesn’t account for any deduction of charges and prices paid to Soccer Stars, of wages, charges, taxes, or prices paid to any worker or impartial contractor, for the fee of taxes, or for another working bills, charges, prices, or deductions that the outlet workers could determine to subtract from Gross Revenues.

• As of the issuance of the Disclosure Doc, there are 13 Franchisor-owned retailers.

Half 1 – Consolidated Common Revenue and Loss for 2021

• The next is the consolidated common revenue and lack of the Reporting Soccer Stars Shops for 2021.

Common for 11 Shops*

• The outcomes for the Manhattan, Brooklyn, Queens, and Hoboken Territories had been consolidated in a single revenue and loss assertion.
  

Income

• Open Enrollment:  $710,376 (45.5%)
• After Faculty:  $242,902 (15.6%)
• Non-public Courses:  $316,864 (20.3%)
• Camps/Clinics:  $64,193 (4.1%)
• Birthday Events:  $6,432 (0.4%)
• SSU Improvement:  $104,741 (6.7%)
• SSU Journey:  $101,462 (6.5%)
• Different Working Income:  $19 (0.0%)
• Different Income:  $14,169 (0.9%)
• Whole Income:  $1,561,158 (100.0%)

Direct Bills

• Teaching Payroll:  $358,878 (23.0%)
• Teaching Pay Taxes and Charges:  $36,730 (2.4%)
• Teaching Bonus:  $560 (0.0%)
• Teaching Commissions:  $751 (0.0%)
• Teaching Incentives:  $366 (0.0%)
• Teaching Uniforms and Children Jerseys:  $56,267 (3.6%)
• Gear and Provides:  $4,215 (0.3%)
• Location Hire/Charges:  $97,657 (6.3%)
• Recruitment/Background Checks:  $9,277 (0.6%)
• Credit score Card Processing Charges:  $37,050 (2.4%)
• Different Direct Bills:  $16,579 (1.1%)
• Whole:  $618,331 (39.6%)

Gross Margin:  $942,827 (60.4%)

SG&A Bills

Personnel Bills

• Administrative Salaries, Advantages, and Bills:  $167,569 (10.7%)
• Commissions:  $7,887 (0.5%)
• Whole:  $175,455 (11.2%)

Advertising and G&A Bills

• Advertising:  $9,060 (0.6%)
• IT Bills:  $2,254 (0.1%)
• Workplace Provides:  $0 (0.0%)
• Different G&A:  $4,563 (0.3%)
• Whole:  $15,877 (1.0%)

Royalties and Franchise Payment Bills (These bills are implied.)

• Royalties: Minimums:  $22,255 (1.4%)
• Royalties: Overages:  $102,638 (6.6%)
• Nationwide Promoting Fund:  $5,564 (0.4%)
• Expertise Charges:  $5,564 (0.4%)
• Whole:  $136,020 (8.7%)

Whole SG&A Bills:  $327,352 (21.0%)

Estimated Revenue Earlier than Proprietor’s Draw:  $615,475 (39.4%) (excludes Depreciation, Amortization, Curiosity Expense, Different Earnings, and Taxes)

Half 2 – Common and Median Whole Income by Regional Territory, Income Per Class Location, Class Areas Working Inside a Territory, and Whole Regional Territory Gross Margin

• The next is a desk abstract of every marketplace for 2021. The reporting interval corresponds to the 12-month interval from January 1, 2021 to December 31, 2021.

Whole Income by Regional Territory

• Bay Space, CA:  $703,865
• Boston, MA:  $990,728
• Central/North, NJ:  $340,117
• Chicago, IL:  $545,660
• DC:  $589,236
• Lengthy Island/Hamptons, NY:  $1,966,185
• Los Angeles/Orange County, CA:  $2,223,973
• Miami:  $1,204,022
• NYC-Brooklyn:  $2,707,394
• NYC-Manhattan:  $4,367,748
• NYC-Hoboken:  $441,310
• San Diego:  $390,070
• Westchester:  $702,427
• Common:  $1,320,980
• Median:  $703,865

Common Income Per Class Location

• Bay Space, CA:  $12,349
• Boston, MA:  $9,907
• Central/North, NJ:  $17,901
• Chicago, IL:  $13,991
• DC:  $15,506
• Lengthy Island/Hamptons, NY:  $23,132
• Los Angeles/Orange County, CA:  $14,348
• Miami:  $16,271
• NYC-Brooklyn:  $46,679
• NYC-Manhattan:  $22,868
• NYC-Hoboken:  $22,066
• San Diego:  $8,668
• Westchester:  $7,394
• Common:  $17,595
• Median:  $15,506

Class Areas Working Inside a Territory

• Bay Space, CA:  57
• Boston, MA:  100
• Central/North NJ:  19
• Chicago, IL:  39
• DC:  38
• Lengthy Island/Hamptons, NY:  85
• Los Angeles/Orange County, CA:  155
• Miami:  74
• NYC-Brooklyn:  58
• NYC-Manhattan:  191
• NYC-Hoboken:  20
• San Diego:  45
• Westchester:  95
• Common:  75
• Median:  58

Whole Regional Territory Gross Margin

• Bay Space, CA:  68.90%
• Boston, MA:  66.80%
• Central/North NJ:  56.40%
• Chicago, IL:  71.20%
• DC:  70.40%
• Lengthy Island/Hamptons, NY:  63.60%
• Los Angeles/Orange County, CA:  61.10%
• Miami:  56.70%
• NYC-Brooklyn:  57.00%
• NYC-Manhattan:  57.00%
• NYC-Hoboken:  57.00%
• San Diego:  47.70%
• Westchester:  66.60%
• Common:  61.57%
• Median:  61.10%

• Territory measurement is as much as a inhabitants between 500,000-550,000 by zip code.

• A “Location” in Common Income Per Class Location is a college or host facility the place courses really happen.

• Gross Margin is for proprietor group markets, a few of which had been mixed by metro space for accounting in 2021.

• Gross Margin is decided after accounting for the next bills:

• Direct Bills
• Teaching Payroll
• Teaching Pay Taxes and Charges
• Teaching Bonus
• Teaching Commissions
• Teaching Incentives
• Teaching Uniforms and Children Jerseys
• Gear and Provides
• Location Hire/Charges
• Recruitment/Background Checks
• Credit score Card Processing Charges
• Different Direct Bills

Half 3 – Break-Even Evaluation

• The next desk reveals the break-even evaluation to cowl royalties, the NAF Fund, and Expertise Charges for one franchised enterprise:

• Whole Income:  $32,712
• Gross Margin:  $22,800
• Gross Margin %:  69.7%
• Royalty Minimums:  $14,400
• NAF Fund:  $4,200
• Tech Charges:  $4,200
• Whole:  $22,800
• % of Income:  69.7%
• Estimated Revenue:  $0 (0%)

• This can be a work-from-home enterprise. Consequently, lots of the mounted bills {that a} brick and mortar franchised operation would have (equivalent to hire, utilities, telephone methods, and different overhead bills) are usually not relevant to Soccer Stars franchisees. Chances are you’ll select to have an govt or different workplace, wherein case you’ll have such overhead.

• Soccer Stars has no dependable data on any precise or common bills, prices, charges, taxes, overhead, or different quantities {that a} franchisee could deduct from the Gross Revenues, and Soccer Stars doesn’t give any data regarding what a franchisee could internet or “take residence” from the operations of a Franchised Enterprise.

• All the figures reported above have been compiled from the annual revenue and loss statements of the Franchisor-owned retailers. Soccer Stars has not performed an impartial audit of the monetary statements delivered by the outlet workers, although it has no data or different motive to imagine that the figures are unreliable. No impartial auditor or licensed public accountant has audited these figures or expressed an opinion regarding their content material or kind.

• As it is a non-brick-and-mortar enterprise, there are not any particular geographic standards that distinguish one outlet from one other.

• Soccer Stars has not disclosed the extent of competitors that the Reporting Soccer Stars Shops could also be experiencing.

• The Reporting Soccer Stars Shops have generated these quantities. Your particular person outcomes could differ. There isn’t any assurance you’ll generate comparable gross sales.

Part VI – Soccer Stars Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️