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Freedom Boat Club
Freedom Boat Club operates similarly to a golf club - But instead of reserving a tee time, the customers reserve a boat for a day on the water. Members call in and select a boat and the day that they'd like to go boating, and Freedom Boat Club does all the rest. When they arrive at Freedom Boat Club, the boat is always ready to go. Freedom Boat Club (FBC) is a members-only Boat Club with 55 locations spanning from the Southern tip of Florida up to Grand Haven, Michigan. They've been in business since 1989 and they currently cater to more than 3,500 members. They have time-tested and proven systems of marketing, sales, operations, and member services, and have a proven membership-only boat club model that can sustain profitable growth. More about the cost of owning a Freedom Boat Club franchise is below.
Facts & figures
To open a Freedom Boat Club location, you should have ₱250,000 available as liquid capital. ₱1,000,000 is the minimum net worth required to open a Freedom Boat Club location. 6% is the royalty that you would expect to pay back to the franchisor as you operate your location. The lowest you can expect to invest is ₱181,000 if you want to become a Freedom Boat Club franchisee. The high end of the total investment required to open a franchise is ₱487,500. New franchisees pay Freedom Boat Club a franchise fee of ₱38,000. There is currently a total of 292 units in operation.
