Crown Trophy Inc. is the largest retailer of award and recognition products in the country. First Crown Trophy store was opened on Avenue U in Brooklyn, NY in 1978 by Chuck Weisenfeld. It also provides franchise opportunities. As of 2018, the company owns and operates 139 franchises in US.
Crown Trophy has the franchise fee of up to $35,000, with total initial investment range of $168,150 - $227,700.
Initial Investment and Startup Costs
Type of expenditure | Cost |
---|---|
Initial Investment: | $168,150 - $227,700 |
Net-worth Requirement: | $50,000 - $1,000,000 |
Liquid Cash Requirement: | $50,000 - $60,000 |
Initial Franchise Fee: | $35,000 |
Ongoing Royalty Fee: | 5% |
Late Payment and Interest | $100 per week |
Manual Replacement Fee | $500 per volume |
POS Support Services Fee | $1,200 per year or $125 per incident |
Certified Training Designation | then-current fee; currently, $250 per visit |
Training Materials | currently, $75 per person |
Support Options
On-The-Job Training: 12 hours
Classroom Training: 52 hours
Additional Training: Annual franchise meeting
Absentee Ownership: Allowed
Number of Employees Required to Run: 2
Crown Trophy Franchise Expansion Plans:
United States: Nationwide
International: no
Crown Trophy franchise info: https://www.crowntrophy.com/
Request Free Info