Crown Trophy vs Challenger sports Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Crown Trophy vs Challenger sports including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$168,150 - $227,700 | $40,995 - $72,395 |
Franchise Fee |
$35,000 | $24,995 |
Royalty Fee |
5% | - |
Advertising Fee |
- | - |
Year Founded |
1978 | 1985 |
Year Franchised |
1987 | 1997 |
Term Of Agreement |
5 years | - |
Term Of Agreement |
5 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
Marketing skills People skills; leadership potential | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | -/- |
Start-up Costs |
No/Yes | -/- |
Equipment |
No/Yes | -/- |
Inventory |
No/Yes | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
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
| - |
Marketing |
Ad Templates
Social media
SEO
Website development
Email marketing
| - |
Operations |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2
Absentee ownership allowed. | - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
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
#393 in Franchise 500 for 2020.
About Challenger sports
Challenger Sports is a multi-faceted
international sports company who provide a wide variety of player
development programs, coach education clinics, tournaments, tours, and
uniform and equipment supply to hundreds of thousands of players,
parents, and coaches across the globe.
Operating originally as ‘British
Soccer Camps’ Challenger Sports began running summer soccer camps in the
US in 1985. Each year the company grew and the founders of Challenger
diversified and expanded their range of services and products in
response to the increasing demands of the rapidly growing North American
soccer population.
In 1997 the “Challenger” brand was
created along with a vision of duplicating the highly successful soccer
services and products model into multiple sports. Within two years,
company owners Ron Matsch, Peter Arch, Alan Jones, Paul Lawrence, Derek
Shoare and Andy Bennett had established a network of regional offices
serving soccer communities in every US state and 7 Canadian provinces. Challenger Sports also invested heavily in the United Kingdom and were the
first US based soccer company to set up a full-time recruitment and
training operation in Britain.