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Sandbox VR Franchise For Sale

See States, USA & CAN
Minimum Investment

$50,002

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Established

2016

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Franchise Units

17

payments

Minimum Investment

$50,002

payments

Franchise Fee

$50,002

payments

Total Investment Range

$750,000

home

Home Based

No

Description

Sandbox VR is redefining entertainment with over 49 retail locations and new openings every month, along with franchise locations worldwide. We offer state-of-the-art VR technology and premium AAA experiences developed in-house, complemented by an exclusive partnership with Netflix. As the fastest-growing and most successful location-based virtual reality company globally, we boast the highest Google reviews, have been recognized as the Most Innovative Company by Fast Company, and won a Webby Award for our Squid Game experience. We are now offering limited territories for franchising opportunities.


Background

Established: 2016
Year First Unit Franchised: 2021
Franchised Units: 17
Company Owned Units: 37
States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, California - CA, Colorado - CO, Connecticut - CT, Delaware - DE, Florida - FL, Idaho - ID, Illinois - IL, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, North Carolina - NC, North Dakota - ND, NY, New York - Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Virginia - VA, Washington - WA, West Virginia - WV, Wisconsin - WI, Wyoming - WY
Canada Franchises: Yes
International Franchises: Yes(Asia, Africa, Australia, Europe)

Cash Investment: $50,000- single unit IFF- $50,000  - Second unit, IFF  20% of inital fee for third unit  - Development rights for multi units 
Total Investment: $1.4M - $2M
Minimum Net Worth: $750,000 Liquid
Single Unit Franchise Fee: $50,000
Franchise Fee for Each Additional Unit: Second unit - $50,000. Third and each subsequent uint 20% of Franchise Fee ($10,000)
Royalty: 5%
Ad Fee: 1%
Experience/ Content Fee: 15% 
Item 19: Yes
Visa Candidates: No
Passive Ownership: No
Semi-Passive Ownership: Yes
Specify: Both options apply. Either to run the business directly or to establish a team to manage the business
Home-Based: No
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount: No


Support Training

Financial Assistance Provided: Yes
Specify: Funding Partners
Site Selection Assistance: Yes
Specify: GIS Mapping - Territory and Search Area selection
Lease Negotiation Assistance: Yes
Specify: Dedicated Real Estate Development team to aid in lease negotiations
Recruiting Assistance: Yes
Specify: Ongoing franchise support beyond initial onboarding
Cooperative Advertising: Yes
Specify: Marketing Fund and management team assigned
Training: On-The-Job Training - +56 hrs

Initial Training Program Your Managing Owner, General Manager, and one assistant manager must attend the Initial Training Program and complete the program to our satisfaction at least one month before opening the Franchised Business. However, if the Managing Owner has attended and completed the Initial Training Program to our satisfaction under an existing franchise agreement with us, we will not require the Managing Owner to attend the Initial Training Program. The Initial Training Program may include classroom training, instruction at designated facilities, hands-on training at an operating Sandbox VR Business, remote training (including via Internet access), and/or selfstudy programs. We do not charge any fees for these people to attend the Initial Training Program, but you must pay for training materials and all travel, living and other expenses that you and your personnel incur during the program. If we decide that you or your personnel cannot complete the Initial Training Program to our satisfaction, we may require you or your personnel to attend additional training programs and for which we may charge reasonable fees. You also may choose to send additional people to the Initial Training Program (subject to space availability) if you pay $300 per person. The Initial Training Program may take place in various locations. However, we currently expect your Initial Training Program to take place at a training store designated by the franchisor (after installation of the Sandbox VR Start-Up Equipment Package). The Initial Training Program will be provided as often as needed to train new Franchisees.


Ideal Candidate

Skills We Seek in Candidates:

  • B to B Sales Skills: Ability to engage and build relationships with other businesses.
  • Strong Organizational Skills: Efficiently manage daily operations, ensuring smooth and effective business functions.
  • Local Networking: Active involvement in the local community to enhance guest engagement and support.
  • Financial Acumen: Proficiency in financial management, budgeting, and understanding financial statements.
  • Tech Savvy: Competence in using technology to streamline operations, manage customer relationships, and enhance business efficiency.

Responsibilities to the Franchise System:

  • Compliance and Reporting: Uphold training program requirements, comply with all standards and laws, and submit reports and payments on time.
  • Accurate Record-Keeping: Maintain accurate records and ensure timely payments to vendors, government, and utility companies.
  • Franchise Agreement: Operate according to the franchise agreement and the procedures outlined in the manual.

Owner Daily Activities :

Responsibilities to Guests:

  • Commit to Excellence: Start your day by ensuring that the guest experience is top-notch, always striving to exceed their expectations.
  • Operational Consistency: Conduct daily tests on technology and equipment to minimize service delays and ensure everything runs smoothly.
  • Team Training: Train and empower your team to handle all software and hardware efficiently, troubleshooting any issues that arise.
  • Guest Loyalty: Foster long-term relationships by retaining team members who can establish rapport with repeat guests.
  • Community Engagement: Actively participate in community activities and organizations to support and engage with your guests.
  • Exceed Expectations: Always aim to surpass guest expectations, providing friendly, timely, and respectful service in a clean and safe environment.

Responsibilities to Your Team:

  • Fair Leadership: Lead by example, promote teamwork, and never ask your team to do tasks you wouldn’t do yourself.
  • Communication and Feedback: Maintain open lines of communication, offering continuous feedback and support to help your team grow.
  • Training and Motivation: Provide thorough training and resources, motivating your team to advance in their careers.
  • Respect and Support: Treat your team members with respect, show sympathy to their personal situations, and foster a family-like atmosphere.
  • Safe Environment: Ensure a safe and secure workplace for all team members.


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