|
Below is an in-depth analysis and side-by-side comparison of Hoop Mountain vs House of Speed including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $40,000 - $50,000 | $79,500 - And Up |
Franchise Fee | $40,000 | $39,500 |
Royalty Fee | - | 10% |
Advertising Fee | - | - |
Year Founded | - | 1998 |
Year Franchised | - | 0 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | Extensive business training and sports performance training *Sales = Med *Network / Community Involvement = High *Wants to be involved in kids lives = High |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | - | 3-5 business days in Aurora, IL |
Support | - | - |
Marketing | - | - |
Operations | - | Number of employees: *Business Manager/Owner *Head Athletic Trainer/Sales *Trainers |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
Hoop Mountain is the premier basketball company in the United States with locations in the North East, Mid-Atlantic, the South and Mid West. Hoop Mountain was founded in 1985 by Steven Gibbs and since its beginning has positively impacted the lives of thousands of youth basketball players. Former Hoop participants have played in the NBA, professionally overseas, as well as at the NCAA Division I, II, and III level. It is our mission to provide the best programs and staff to fully meet the various basketball and fitness needs of our participants. Hoop Mountain provides maximum exposure to college and prep school scouts. The organization provides young basketball players with the highest level of coaching, elite competition, and allows each athlete to develop a sense of pride and accomplishment. Hoop Mountain is determined to create an unmatched basketball atmosphere. Hoop Mountain does everything involved with basketball from private coaching, to college exposure, to educational consulting. This is a complete service business that has a profound affect on young athletes everywhere.