Monkey Joe's Franchise Opportunities
Monkey Joe's franchise provides entertainment and fun activities for families on special and no special occasions. The concept involves indoor facility filled with inflatable slides, obstacle courses, arcade action and a snack shack. The first Monkey Joe's franchise was offered for sale in 2005. For more than 15 years the chain has grown to 48 enterprises. Monkey Joe's kids entertainment franchise provides profitable opportunities for franchisees. They provide their partners with complete training program, site selection, ongoing, marketing and Public Relations support, choosing equipment package and other stuff.
How to open the Monkey Joe's franchise?
- Ensure you have adequate capitalization.
In order to open the Monkey Joe's franchise, you must have a liquid capital of $150,000 - Appreciate the investment required for an entertainment center franchise.
You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc. - Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Monkey Joe's franchise owner. Previous retail experience is not required. - Assess market availability.
You will want to look at the market availability for Monkey Joe's franchises and see if there are available markets in your location of interest before proceeding with the franchising application. - Submit your application.
Your application will be reviewed by the Monkey Joe's franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner. - Receive approval & opening your Monkey Joe's franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners. Once your lease is signed, the company’s experts will assist with your franchise build-out and set-up.
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How much does the Monkey Joe's franchise cost?
Monkey Joe's has a franchise fee of up to $40,000 per store with a total initial investment range of $918,088 to $1,484,129.
Net-worth Requirement: $500,000
Liquid Cash Requirement: $150,000
Monkey Joe's Initial Investment
Initial Investment: $918,088 - $1,484,129.
Ongoing Fees
Initial Franchise Fee: $40,000
Ongoing Royalty Fee: 5%
Ad Royalty Fee: 2-3%
Monkey Joe's website: www.monkeyjoes.com
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