Rank no. 399 – Crown Trophy Inc. – US
Products & Services: Award & recognition items
Number of Locations: 144
Total Investment: $168.14K – 199.19K
Began Franchising: 1987
About Crown Trophy Inc.
Chuck Weisenfeld opened the first Crown Trophy store in Brooklyn, New York, in the summer of 1978. He began franchising the concept in 1987, and developed exclusive products that would be available only at Crown Trophy stores. Initially the business focused on providing awards and recognition items to local sports leagues, youth groups, clubs, schools and organizations. More recently, the company’s offerings have expanded to include high-end corporate awards as well.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $35,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 5 years, renewable
Liquid Cash Available: $50,000 – $60,000
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|