Freedom Boat Club

Health & Fitness Sports & Recreation

Franchise Summary

Description

Freedom Boat Club businesses provide a membership-only yacht and boat club that offers its members the usage of boats at designated times and for designated time periods based on an entry fee and monthly dues (" FBC Business (es )"

Company Background

Freedom Boat Club is a membership-only yacht and boat club that offers its members the usage of boats at designated times and for designated time periods based on an entry fee and monthly dues. Founded in 2004 by Arnold Donald, Freedom Boat Club has grown to over 100 locations with more than 250,000 members across North America. With an average annual retention rate of 94% among its member base, FBC Businesses will continue to grow as we expand into new markets.

Franchise Opportunity

Owning a boat is a huge investment that many people can't afford. Boat ownership can be prohibitively expensive, with some models costing well over $100,000. Freedom Boat Club offers an affordable alternative to boat ownership. For a fraction of the cost of owning a boat, members have access to boats at designated times and for designated periods of time. Plus, there's no need to worry about maintenance or storage fees.

Corporate Structure

Freedom Franchise Systems, LLC is a Florida limited liability company formed on February 14, 2011. Their principal business address is 897 E. Venice Avenue, Venice, FL 34285-7038. They have offered franchises since March 2011.

Royalties and Marketing Fees

Royalties : The greater of 6% of ?Gross Revenues?(2) or the Minimum Royalty

Royalties : Up to 1% of Gross Revenues (we currently do not charge this fee)

Royalties : The difference between the amount you spent on local advertising each month and your required local advertising expenditure (1% of your monthly Gross Revenues beginning 30 days after opening your FBC Business)

Earnings Transparency

1 /10

This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?

There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Franchisee Attrition

2 /10

This franchise's rate of attrition in 2016 of 8.54% was Slightly Higher than the 5% in the Sports & Recreation industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system

What's Included in franchise attrition?

We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

#	Type	Investment	Fees

Employee Contact Database

#	Name	Position	Phone Number	Email Address

Distribution of Freedom Boat Club Franchisees

Freedom Boat Club Franchise System Development in 2022

FAQ

How much investment do I need to start my own Freedom Boat Club business?

Franchisees typically require at least $222 to $500 investment to get their Freedom Boat Club business started

What are the initial franchise fees for Freedom Boat Club?

Franchisees typically need to pay at least $50 in fees directly to Freedom Boat Club in order to earn the right to launch their business

How much money can I make with a Freedom Boat Club franchise? What are the average revenues for a typical Freedom Boat Club business?

We haven’t done the math on how much revenue a typical Freedom Boat Club brings in each year. We estimate that other franchisees in the Health & Fitness industry generate $579,475 revenue, so we would expect Freedom Boat Club to generate a similar amount

How long do I need to commit to running a Freedom Boat Club unit? What is my contractual commitment?

Freedom Boat Club franchisees are typically required to sign up to a 5 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

7 /10

The Franchisor's investment costs ranges from $222,500 to $500,500 which is Much Lower than the $0 to $0 average in the Sports & Recreation industry

What determines the investment cost?

Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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