EVA franchise
2024 filing · April 26, 2024GrowingShares sales figures
EVA at a glance
A free-roaming, multiplayer virtual reality arena under the Esports Virtual Arenas brand. At the end of 2023 there were 1 EVA locations in the US, all franchised.
The business
- Industry
- Entertainment
- Franchisor
- EVA USA Inc
- The company that sells the franchises
- Typical size
- 10,000–20,000 sq ft
What you pay
- Cost to open
- $996K–$1.9M
- Fee, build-out and opening working capital
- Franchise fee
- $30,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of gross sales, paid monthly, plus at least 2% or $5,000 a month on local marketing and $5,000 a month for the digital marketing program (a brand fund of up to 2% is not charged yet)
- Brand fund
- None now
- Not charged at present; up to 2% of gross sales
- Renewal fee
- $5,000
- When the agreement ends and you sign again
- Agreement length
- 10 years
Where it is
- US locations, 2023
- 1
- Franchised and company-owned
- Franchised
- 1
- Company-owned
- 0
- Change in 3 years
- +1
- Franchised locations, 2021–2023
- States
- 1
- Most in Texas
Support and records
From EVA USA Inc’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
EVA among all franchises with the same figure.
| Figure | EVA | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $1,447,250 | Costs more than 89% of franchises |
| Franchise feePaid once, when you sign | $30,000 | Lower than 72% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a EVA franchise costs
Opening one EVA costs an estimated $996,000 to $1,898,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are construction and leasehold improvements ($500,000 to $950,000) and opening package ($130,000 to $260,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $30,000 | ||
| Construction and Leasehold Improvements | $500,000 | $950,000 | |
| Architect and Design Fees | $6,000 | $10,000 | |
| Lease Deposits and Rent – Three Months | $45,000 | $85,000 | |
| Furniture, Fixtures and Equipment | $125,000 | $245,000 | |
| Digital Marketing Program – Three Months | $15,000 | ||
| License and Support Fee – Three Months | $9,000 | $18,000 | |
| Installation and Opening Fee | $3,000 | $6,000 | |
| Signage | $10,000 | $30,000 | |
| Computer, Software and Point of Sale System | $1,500 | $2,500 | |
| Grand Opening Marketing | $5,000 | $10,000 | |
| Opening Package | $130,000 | $260,000 | |
| Utility Deposits | $1,000 | $3,000 | |
| Insurance Deposits – Three Months | $2,500 | $5,000 | |
| Initial Training Fees and Travel Expenses | $6,500 | $8,500 | |
| Professional Fees | $2,500 | $15,000 | |
| Licenses and Permits | $1,000 | $7,500 | |
| Refundable Deposit | $9,000 | $18,000 | |
| Additional Funds Three Months | $90,000 | $180,000 | |
| Total | $996,000 | $1,898,500 | |
Source: EVA USA Inc, 2024 filing, page 18
EVA franchise fee
The franchise fee is $30,000. You pay it when you sign the franchise agreement.
Source: EVA USA Inc, 2024 filing, page 12
Royalty and ongoing fees
| Royalty | 5% of gross sales, paid monthly, plus at least 2% or $5,000 a month on local marketing and $5,000 a month for the digital marketing program (a brand fund of up to 2% is not charged yet). |
|---|---|
| Brand or marketing fund | Not charged at present; up to 2% of gross sales. |
| Digital Marketing Program | $5,000 per month |
| Renewal | $5,000 |
| Local Marketing | 2% of Gross Sales or $5,000 per month, whichever is greater. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: EVA USA Inc, 2024 filing, page 14
Other fees as filed, from pages 14–16. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures EVA publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: EVA USA Inc, 2024 filing, page 48
How EVA compares
Of the 168 entertainment franchises on this site, EVA is the 137th cheapest to open and the 144th largest by number of locations.
| Figure | EVA | Typical entertainment brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $996K | $286K | $222K |
| Cost to open, high end | $1.9M | $598K | $477K |
| Franchise fee | $30K | $45K | $40K |
| Royalty | 5% | 6% | 6% |
| US locations | 1 | 8 | 21 |
| Closed or left per year | 0% | 4.5% | – |
| Shares earnings figures | Yes | 113 of 168 | 2,147 of 3,352 |
Typical is the median across the 168 brands in entertainment franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 0 (0) | 0 | 0 | 0 |
| 2022 | 1 (+1) | 0 | +1 | 0 |
| 2023 | 1 (0) | 0 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating. U.S. arenas only; the filing also describes 30 franchised arenas abroad at the end of 2023.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: EVA USA Inc, 2024 filing, page 50
Where EVA locations are
At the end of 2023, EVA had franchised locations in 1 state. The most are in Texas.
- Texas1
| State | Franchised |
|---|---|
| Texas | 1 |
Source: EVA USA Inc, 2024 filing, page 51
Who owns EVA?
EVA franchises are sold by EVA USA Inc.
From EVA USA Inc’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: EVA USA Inc, 2024 filing, litigation on page 12, bankruptcy on page 12
EVA filings
The figures on this page come from EVA USA Inc’s 2024 filing, issued April 26, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | April 26, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
