| ||||
Updated RecentlySparkle Brite Pool Stores vs Ultimate Watersports Pty Ltd Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Sparkle Brite Pool Stores vs Ultimate Watersports Pty Ltd including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $66,250 - $354,000 | $100,000 - $200,000 |
| Franchise Fee | $30,000 | $25,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | - | - |
| Year Founded | 1999 | 2016 |
| Year Franchised | 2007 | 2019 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | 25% of then-current fee | $1,000 / Month |
Business Experience Requirements |
||
| Experience | - | No qualifications required, however, the manager must have a Coxswains Grade 2 minimum and training in each activity required. Ultimate Watersports supplies internal training on all available activities. |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| Training | - | All activity training is provided on site specific to the operation. |
| Support | - | Ultimate Watersports share all information, waivers, incidents and new upgrades as a co-operative group. This means legal waivers are kept updated and new procedures across the board. |
| Marketing | - | All marketing systems included are part of the licensing fee for software costs only. Campaign costs are to be covered by the licensee and can be done by our internal marketing department. |
| Operations | - | Each business operation is run on its own as its own entity using UWS branding, systems and IP. Once set up the operator keeps all profits and shares in the operating efficiencies and systems offered. Upon application, UWS must be able to see the site to assess before approval. Once the business plans are in place UWS can be contracted to proceed with the applications. Once the approvals are in place the full license agreement can be enacted. Full setup job flows will be supplied at this point to guide us on the opening date. |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | - | Yes |
| International Expansion | - | Yes |
Company Overviews
About Sparkle Brite Pool Stores
Pool and spa ownership is on the rise in the United States and with it comes the opportunity to own and operate your own professional pool and spa retail business. According to the Association of Pool & Spa Professionals, more than 176,000 additional in-ground pools were sold and installed in 2005, bringing the total number of in-ground pools in the U.S. to 4.7 million. This represents an almost 10% increase in total pools since 2002! And the growth is continuing. PK Data, a research company for the pool and spa industry, projects the growth rate of new pools in the coming years to be approximately 3% annually. Sparkle Brite Pool Stores has capitalized on this growth by developing a proven system of operation that maximizes profit and operational efficiencies and leaves the competition in the dust! Our operational model has allowed us to compete with privately owned stores, national chains, and other franchise outlets. Over the past nine years, Sparkle Brite Pool Stores has grown to include 15 locations in the Southwest Florida counties of Sarasota, Manatee, and Charlotte. Along the way, the Sparkle Brite name has become synonymous with quality pool products and superior customer service.
About Ultimate Watersports Pty Ltd
Ultimate Watersports has the systems in place to include all watersports Activities with full insurance. Our safety management systems and insurance products are licensed and able to be customized to each new location with training provided. Our wholesale suppliers are also shared between us to reduce costs. Ultimate Watersports recommends the best for your location and will tailor the operation to the market.