Is a Pro Martial Arts Franchise Right for You?
Owning and operating a franchise is not for every business owner. As I’ve learned over the years, business owners come in all shapes and sizes and this includes their own way of doing things.
During 2013 I worked with a husband and wife that were new to owning and operating a business. They had a great skill set and looked closely at different franchise opportunities. These opportunities included staying close to their skill set which was IT or Information Technology. They also had an interest in accounting and taxation from working previously in that industry and handling one of their parent’s estates and the recycling industry with the tremendous growth it’s currently experiencing. What they didn’t expect to find when they started their journey to find the right business and franchise for them was that they would come across a franchise that specialized in teaching children not only how to protect themselves but also raise their self-esteem and better manage the major problem in schools at the moment which is bullying.
Neal Weiss works for a company called Rhino 7 and they specialize in helping a franchisor get their concept to market as quickly and efficiently as possible. As part of this process, this includes providing the sales team so that potential franchise buyers or franchisees can review the concept and decide if it’s right for them and then also right for the franchisor. One of the strengths of a good franchise is that it has to be the right fit for both parties.
Neil was a guest on my show on May 07 and I had a conversation with him about the role he plays in helping franchise buyers through the qualification process and specifically Neil and I spoke about Pro Martial Arts and some of the key features of the franchise. Some of these key features include:
- Pro Martial Arts being a semi-Absentee Executive Model. This model allows the franchisee to keep their primary job and open one or develop multiple units and grow their company.
- Pro Martial Arts opens and develops quickly allowing the franchisee to start generating a cash flow quickly.
- The total cost investment is approximately $130,000 including working capital.
- A very solid return on investment. The Item 19 in the Franchise Disclosure Document shows $145,000 net income per unit average!
- The hours of operation are only Monday thru Thursday from 4 until 8 and Saturdays from 9 until 12.
- The concept is children related and gives back to the community in a big way through children anti-bullying/predator prevention programs and character enrichment (Poise, confidence, self-esteem and respect.)
- The competition is very unorganized, independent owner operators that don’t have systems, policies, procedures, turnkey marketing, real estate systems, etc.
- No martial arts experience needed. The concept looks for franchisees that can manage employees.
If you would like to hear my conversation with Neal, you are welcome to listen by clicking on the following link – Pro Martial Arts Sacramento with Neal Weiss. Neal was the second guest for the show. My conversation with Neal starts about 29 minutes into the recording if you want to skip my first guests who were Jim Pelley and Adam Frick from Ulink Network.