Monster Minnature Golf franchise

Monster Mini Golf , an indoor , 18-hole , glow-in-the-dark , monster-themed family entertainment center created and developed by husband and wife Patrick and Christina Vitagliano , started its operations in 2004 under Monster Entertainment , LLC . In the hopes of expanding operations and taking full advantage of the increasing popularity of family oriented entertainment centers , Monster Entertainment , LLC opened its doors to interested franchisees in 2005

The estimated capital investment needed to set up a franchise of Monster Mini Golf ranges from 147 ,000 to 255 ,000 , which already includes the franchise fee of 30 ,000

. Initial term of the Franchise Agreement is five years and franchise is renewable for three successive terms of five years each . There is also a royalty fee of 9 of gross sales paid weekly for their continuing support services

Monster Entertainment , LLC has designed an easy to use business system for the franchisees of Monster Mini Golf . Aside from the support from management office , they also entitled to the following benefits

Training . All franchisees are required to participate in a comprehensive training course that lasts approximately four weeks . This intensive program focuses on all aspects of the franchise system , products services and techniques in operating the business . Training also covers management methods pertaining to personnel , office , sales , computer software and marketing procedures

On-site assistance . Management provides an on-site assistance to franchisees two weeks before the scheduled opening . Aside from this they also conduct periodic site visits to provide guidance and assistance in the franchisee 's operations . 1 . All franchisees will also receive a Monster Mini Golf Operations Manual that contains specifications , standards , procedures and recommendations to aid investors in the operation of their Monster Mini Golf franchises

Marketing materials and website development . Franchisees are provided with various publicity , advertising materials and other promotional items . Each location will also be given its own section in the company 's website

Protected area or exclusive territory . Monster Entertainment , LLC awards only a limited number of franchises per geographic location based on franchisee 's location , population and drive time to the guaranteed site .To be considered for a possible franchise rights , interested parties are asked to complete and submit Confidential Franchise Info Request form available online . Selection is based on the applicant 's disposition sales , customer service skills , and their experience in basic inventory control , money management and budgeting . Other qualifications include maturity , judgment , stability and adaptability

One important issue that a prospective franchisor must consider is the local government regulations and taxes . In the United States franchising is governed by both federal and state laws and in other countries , the industry is being regulated . State registration though may not be necessary depending on the franchise 's location

Other legal matters important to the set-up of a franchise would include compliance issues and documentation requirements . Other economic and financial factors that a franchisor must also look at include organizational structures , accounting practices , financial projections financial responsibilities and anticipated market conditions

References

http /www .monsterminigolf .com

http /www .franchisegator .com

http /www .francorpconnect .com...