Risk Score
Pending analysis
Investment Range
$109,750 - $605,500
Franchise Fee
$15,000
Total US Locations
149
Business Summary
Pro Image Sports operates retail stores that sell licensed sports products and sportswear, focusing on professional and collegiate sports teams. Franchisees operate these stores within a system that includes specific product and service offerings under the Pro Image Sports brand.
Corporate History
Pro Image Franchise, L.C. was organized in Utah in December 1996, previously known as PI Acquisition, L.C. The company's sole business is operating the Pro Image Sports franchise system. Pro Image Franchise, L.C. began offering and selling franchises in this business in 1985. The company also previously offered franchises under the "Capz" name, which focused on selling sports-related hats. There are no affiliates, parents, or predecessors required to be disclosed for Pro Image Sports.
Financial Overview
Investment Range
$109,750 - $605,500
Franchise Fee (Low)
$15,000
Franchise Fee (High)
$30,000
Royalty %
5%
Equipment Costs (Low)
$8,250
Equipment Costs (High)
$185,000
Working Capital
$15,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Pro Image Franchise, L.C. has received an unqualified audit opinion for its financial statements, indicating they are presented fairly in all material respects. The company's management evaluates its ability to continue as a going concern, and no substantial doubt was raised by the auditors. Pro Image Franchise, L.C. maintains sufficient cash deposits and manages credit risk effectively, particularly with royalty receivables. No impairment was noted for the company's goodwill.
Financing Details
Pro Image Franchise, L.C. does not offer any direct or indirect financing to franchisees. The company also does not guarantee any franchisee notes, leases, or other obligations.
Performance Metrics
Total US Locations
149
Franchised Units
149
Corporate Units
0
Avg Square Footage
2,050
Franchising Since
1985
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Pro Image Franchise, L.C. has no litigation history to disclose.
Bankruptcy History
Pro Image Franchise, L.C. has no bankruptcy history.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew a Pro Image Sports franchise, franchisees must be in good standing, not be in default of their agreement, modernize their business to Pro Image Franchise, L.C.'s current standards, and sign the then-current franchise agreement. Franchisees must also provide written notice of their intent to renew at least three months before the current agreement expires. The new agreement may include materially different terms and conditions.
Training & Support Program
Franchisor Assistance
Pro Image Franchise, L.C. offers various forms of assistance to its franchisees. Before opening, Pro Image Franchise, L.C. provides an area for site selection, approves the chosen site, and offers general written specifications for equipment, signs, fixtures, and initial inventory. Franchisees receive electronic access to confidential manuals and an initial training program for their operating principal and managers. Pro Image Franchise, L.C. may also provide preliminary design plans. During operation, the company may hold conferences, provide updates to the manuals, and offer remote or in-person assistance (with potential fees for in-person help). Pro Image Franchise, L.C. conducts periodic, sometimes unannounced, inspections of the franchise business, provides continuing general assistance, replaces defective products purchased directly from them, and may require franchisees to refurbish their premises or invest in new equipment and technology. The company also refines and develops products/services and may suggest or specify retail pricing.
Initial Training Hours
32
Training Location
Centerville, Utah
Ongoing Support
After opening, Pro Image Franchise, L.C. may hold conferences or seminars for franchisees, requiring mandatory attendance from the operating principal. The company provides updates to its operations manuals through various electronic means. At its discretion or upon reasonable request, Pro Image Franchise, L.C. may offer additional remote or in-person assistance, for which a fee may be charged and travel expenses covered by the franchisee. The company conducts periodic, sometimes unannounced, inspections of franchise businesses to ensure compliance. Pro Image Franchise, L.C. provides continuing general assistance, may require franchisees to periodically remodel or upgrade their premises, and refines and develops products and services offered. The company may also suggest or set maximum prices for products and services.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Retail
Owner Participation
Supervisory
Territory Type
Protected
Territory Size Requirements
Each Pro Image Sports franchise territory is defined by and limited to the confines of the shopping mall or shopping center where the franchise business is located.
Staffing Notes
Pro Image Franchise, L.C. specifies that franchisees are solely responsible for all aspects of hiring, firing, discipline, scheduling, management, compensation, supervision, and training of their personnel. While Pro Image Franchise, L.C. may provide a sample employee guide, it is only an example, and franchisees must develop their own policies in compliance with labor laws. All franchisee personnel must sign the company's Franchise Relationship Acknowledgement form.