10/10

Franchimp Summary Rating

10 /10
Investment Accessibility
Lower than 0% of peers

Franchise Summary

Description
We are Paniq Franchising, Inc. , a California corporation. We offer franchises to qualified individuals to own and operate a Paniq Room franchise under the "Paniq Room" names, logos, and Service Marks. Ourfranchisees offer services and merchandise to the public related to themed escape games in which people are locked in a room with other participants and use elements of the room to solve a set of puzzles, find clues, and escape the room within a set time limit - and similar interactive game and team development systems. Each franchise location typically includes three to four different themes from which to select. This is called the "Methodof Operation. " A Co-Branded franchise is a Paniq Room franchise operated in connection with another compatible concept
Company Background
Paniq Room is the world's first Escape Game franchise. We offer franchises to qualified individuals to own and operate a Paniq Room franchise under the "Paniq Room," names, logos, and Service Marks. Our franchising opportunities are available for those who want to have an exciting career in business ownership while helping people live their dreams of solving puzzles and escaping from themed rooms within a set time limit. Each location typically includes three themed escape games with various levels of difficulty that allow groups of 2-8 participants to play at one time.
Franchise Opportunity
Paniq Room is a fun, challenging and interactive team-building event. Each game takes 90 minutes to complete and is designed for groups of 2 - 12 people. The games are great for corporate events, family outings or even date night with your significant other! After the game you can choose from our menu of food & drinks that will keep everyone talking about their experience long after they have left the room. Our goal is to make sure you have an unforgettable time! We are currently looking for franchisees interested in owning their own Paniq Room location throughout North America (USA + Canada). If this sounds like something you would be interested in please visit www.paniqfranchising.com/franchise-opportunities today!
Corporate Structure
Paniq Franchising, Inc. is a California corporation that was formed in October 2016 as a limited liability company but was converted to a corporation on June 4, 2018. Their principal place of business is 3393 Barham Boulevard, Los Angeles, California 90068.
Investment and Franchisee Fees
The Initial Franchise Fee ranges from $25,000 to $15,000 with discounts for conversion of existing escape rooms to the Paniq Room system. The total estimated initial investment necessary to begin operation of a Paniq Room franchise ranges from $200,000 to $350,000.

FAQ

How much investment do I need to start my own Paniq Room business?
Franchisees typically require at least $200,000 to $350,000 investment to get their Paniq Room business started
What are the initial franchise fees for Paniq Room?
Franchisees typically need to pay at least $25,000 in fees directly to Paniq Room in order to earn the right to launch their business
How much money can I make with a Paniq Room franchise? What are the average revenues for a typical Paniq Room business?
We haven’t done the math on how much revenue a typical Paniq Room brings in each year. We estimate that other franchisees in the Lodging & Leisure industry generate $882,894 revenue, so we would expect Paniq Room to generate a similar amount
How long do I need to commit to running a Paniq Room unit? What is my contractual commitment?
Paniq Room franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

10 /10
The Franchisor's investment costs ranges from $66,820 to $81,070 which is Much Lower than the $0 to $0 average in the Party-Related Goods/Services 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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