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Updated RecentlyCrown Trophy vs Las Vegas Golf & Tennis Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Crown Trophy vs Las Vegas Golf & Tennis including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $168,150 - $227,700 | $537,000 - $774,000 |
| Franchise Fee | $35,000 | $39,000 |
| Royalty Fee | 5% | 3% |
| Advertising Fee | - | - |
| Year Founded | 1978 | 1974 |
| Year Franchised | 1987 | 1984 |
| Term Of Agreement | 5 years | 15 years |
| Term Of Agreement | 5 years | 15 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | ||
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | Yes/No |
| Start-up Costs | No/Yes | Yes/No |
| Equipment | No/Yes | Yes/Yes |
| Inventory | No/Yes | Yes/Yes |
| Receivables | No/No | Yes/No |
| Payroll | No/No | Yes/No |
Training & Support |
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| Training | On-The-Job Training: 12 hours Classroom Training: 52 hours Additional Training: Annual franchise meeting | - |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad Templates Social media SEO Website development Email marketing | Co-op advertising, Ad slicks, Regional advertising |
| Operations |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership allowed. |
Number of employees needed to run franchised unit: 5 - 8
Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | No | Yes |
Company Overviews
About Crown Trophy
What started out as a part-time job in college has turned into a franchise with more than 148 stores nationwide. A physical education major in college, Chuck Weisenfeld took a job at a local sporting goods store to make extra money. Working in the store's trophy department, Weisenfeld saw how profitable trophies could be.
After earning his degree and teaching in a high school for a few years, Weisenfeld finally quit teaching and opened his first Crown Trophy in Brooklyn in 1978. A few years later, he began offering franchises to his friends. Today the company creates and sells trophies and awards for various organizations and events.
The estimated total investment necessary to begin operation of a Crown
Trophy franchised business ranges from $168,150 to $199,200. This
includes initial fees ranging from $118,000 to $128,000 that must be
paid to the franchisor or affiliate. If a franchisee incorporates the
optional “Signs by Crown” business into its Crown Trophy business, the
estimated total investment ranges from $186,150 to $227,700.
Veteran Incentives 5% off franchise fee
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About Las Vegas Golf & Tennis
The first Las Vegas Golf & Tennis location was established in Nevada's biggest casino city in 1974 and began franchising in 1984. Stores offer new name-brand products including golf equipment, apparel, shoes and accessories, as well as an exclusive line of Vision Golf equipment.