How to Open a Main Event Franchise
If you’re a fan of entertainment and leisure activities, opening a Main Event franchise could be a dream come true. Main Event Entertainment is a popular family entertainment center that offers a variety of activities such as bowling, laser tag, arcade games, billiards, and more. With its success and growing popularity, opening a Main Event franchise can be a profitable venture. Here’s a step-by-step guide on how to make it happen:
1. Research and Familiarize Yourself: Start by researching the Main Event franchise model, their target market, and the services they offer. Visit their locations, read about their success stories, and become familiar with their brand.
2. Contact Main Event: Reach out to the Main Event corporate office to express your interest in opening a franchise. They will provide you with the necessary information, requirements, and guidelines to proceed.
3. Financial Evaluation: Assess your financial capabilities and determine if you meet the financial requirements set by Main Event. This typically includes a minimum net worth and liquid capital requirement.
4. Develop a Business Plan: Create a comprehensive business plan that outlines your goals, target market, marketing strategies, and financial projections. This will help you secure financing and guide you through the process.
5. Secure Financing: Explore various funding options to secure the necessary capital. This may include personal savings, bank loans, or investment partnerships.
6. Location and Lease: Identify potential locations for your Main Event franchise. Consider factors such as visibility, accessibility, and proximity to your target market. Once you find a suitable location, negotiate a lease agreement.
7. Training and Support: Main Event provides comprehensive training and ongoing support to franchisees. Attend the required training programs to learn about their operational procedures, customer service standards, and marketing strategies.
8. Hire and Train Staff: Recruit a qualified team who aligns with Main Event’s values and vision. Train them to deliver exceptional customer service and operate the various activities offered.
9. Grand Opening and Marketing: Plan a grand opening event to generate buzz and attract customers. Implement marketing strategies such as social media campaigns, community partnerships, and local advertising to create awareness and drive traffic.
Here are some frequently asked questions about opening a Main Event franchise:
1. How much does it cost to open a Main Event franchise?
The estimated investment range for opening a Main Event franchise is between $8 million to $12 million.
2. What are the financial requirements to become a Main Event franchisee?
Main Event requires franchisees to have a minimum net worth of $8 million, with at least $2 million in liquid capital.
3. How long does it take to open a Main Event franchise?
The timeline from the initial inquiry to the grand opening can range from 12 to 18 months, depending on various factors.
4. Is there any royalty fee or ongoing monthly fee?
Yes, Main Event charges a royalty fee of 6% of gross sales and an additional 2% for national advertising.
5. Can I own multiple Main Event franchises?
Yes, Main Event allows franchisees to own multiple locations, subject to approval.
6. Do I need prior experience in the entertainment industry?
While prior experience is beneficial, it is not a requirement. Main Event provides comprehensive training and support to help you succeed.
7. Can I customize the activities offered at my Main Event franchise?
Main Event offers a set of core activities, but customization may be possible depending on location and market demand.
8. Can I sell my Main Event franchise in the future?
Yes, franchisees typically have the option to sell their franchises, subject to Main Event’s approval and transfer fees.
9. How can I apply for a Main Event franchise?
You can start the process by contacting the Main Event corporate office through their website or by phone to express your interest and request an application.
Opening a Main Event franchise can be a rewarding and profitable venture, providing families and individuals with a fun-filled entertainment experience. By following these steps and utilizing the support and resources provided by Main Event, you can be on your way to creating a successful business in the leisure industry.