A variety of variables, including the location and size of the park, affect the cost of an Altitude franchise. The initial investment for an Altitude Trampoline Park runs from $1,494,000 to $2,526,500, according to the company’s franchise website. This includes the $50,000 franchise fee in addition to costs for things like marketing, building, and equipment. Franchisees must also meet the company’s minimum net worth requirements of $1.5 million and $500,000 in liquid assets.
The location, size, and facilities of the trampoline park will all affect the cost of construction. According to Entrepreneur magazine, it typically costs between $1 million and $2 million to create a trampoline park. This covers the price of the land, the building, the machinery, as well as additional costs like marketing and insurance.
With locations across 30 states as of 2021, there are more than 100 Altitude Trampoline Parks in the US. With new parks launching on a regular basis, the company has experienced remarkable expansion in recent years.
A worldwide franchise, Altitude Trampoline Park has locations in a number of nations. Altitude Trampoline Parks have locations across the world as of 2021, including the United States, Europe, Asia, and Australia.
Another well-known chain of trampoline parks is called Bounce, and it has facilities across Asia, Europe, and the United States. The initial investment for a Bounce franchise runs from $1.5 million to $2.5 million, according to the business’ franchise website. This includes the $50,000 franchise fee in addition to costs for things like marketing, building, and equipment. Franchisees must also meet the company’s minimum net worth requirements of $1.5 million and $500,000 in liquid assets.
In conclusion, starting a trampoline park can be a successful business venture, but it necessitates a sizable time and financial commitment. Franchisees of Altitude must have a minimum net worth of $1.5 million and $500k in cash assets in order to purchase a franchise, which can cost between $1,494,000 and $2,526,500. Depending on the size and facilities of the park, building a trampoline park can cost anywhere between $1 million and $2 million. Altitude Trampoline Park is one of the biggest trampoline park franchises in the world, with more than 200 facilities across the globe and over 100 in the United States.