American Poolplayers Association
Cherry Franchise Broker
Total investment:
$ 20,763
Franchise fee:
$
Royalty fee:
Marketing fee:
$ 0
Number of franchises
Return
Time period
Revenue:
$ 12 000*
* Calculator calculations are provisional, not guaranteed
MAIN INFORMATION
Year founded: 1981
Franchise since: 1982
Company owned units:
Franchise owned units: 317
Total number of units:
Number of employees per unit: 1-2
Contract period: 60 month
FRANCHISE ONLINE
WEBSITEIn 1979, after several years on the professional circuit and with numerous titles under his belt, Terry “Texas Terry” Bell developed an idea for a centrally controlled nationwide amateur pool organization. Bell joined forces with Larry “The Iceman” Hubbart, who was also competing on the professional circuit. Together they founded the American Poolplayers Association, Inc. (APA) in 1981 to act as the sanctioning body of the League. Members participate in annual 8- and 9-ball championships, pay a yearly membership fee to the APA and pay a weekly fee to the League Operator (franchisee) each time they play. As of 2018, the company operates 317 franchises worldwide.
On-The-Job Training: 27 hours
Classroom Training: 80 hours
Ongoing Royalty Fee: $2.50+/team/wk.; Initial Franchise Fee (based on population of territory) $10,000 $14,000
Equipment/Computer Software and Hardware $2,597 $4,682
Broadband Internet Access (monthly) $60 $60
Training Seminar I Expenses $1,434 $2,334
4 Days Additional Training During First Year $1,056 $1,956
Real Estate and Improvements $0 $0
Initial Inventory $0 $0
Insurance $456.46 $456.46
Attorney/Accountant Fees $1,500 $1,500
Additional Funds – 3 months $3,000 $3,000
Estimated total $20,763.46 $28,648.46
Cherry Franchise Broker
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