Hi-Five Sports franchise
2022 filing · April 5, 2022Shares sales figures
Hi-Five Sports at a glance
A youth sports program for pre-K to 8th grade children, running classes, leagues, camps and parties at schools and community sites.
The business
- Franchisor
- Hi-Five Sports Franchising LLC
- The company that sells the franchises
- Franchising since
- 2015
- 7 years of selling franchises
- Franchisor based in
- Boca Raton, Florida
What you pay
- Cost to open
- $25K–$56K
- A Hi-Five Sports Club
- Franchise fee
- $12,900
- For a Hi-Five Sports Club ($27,000 for a Hi-Five Sports Zone facility)
- Royalty
- 8.5% + minimum
- 8.5% of gross sales, paid weekly, with a minimum annual royalty for a club of $850 in the first year, $2,975 in the second and $10,625 after that
- Brand fund
- None now
- Up to 1% of gross sales; not charged at present ($0)
- Renewal fee
- $2,000
- When the agreement ends and you sign again
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- Franchised, 2021
- 12
- As printed in the filing
From Hi-Five Sports Franchising LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Hi-Five Sports among all franchises with the same figure.
| Figure | Hi-Five Sports | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $40,900 | Costs less than 98% of franchises |
| Franchise feePaid once, when you sign | $12,900 | Lower than 94% of franchises |
| RoyaltyShare of sales paid to the franchisor | 8.5% | Higher than 94% of brands with a set rate |
How much a Hi-Five Sports franchise costs
Opening a Hi-Five Sports Club costs an estimated $25,450 to $56,350. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the franchises under $30K.
Source: Hi-Five Sports Franchising LLC, 2022 filing, page 1
Hi-Five Sports franchise fee
The franchise fee is $12,900, for a Hi-Five Sports Club ($27,000 for a Hi-Five Sports Zone facility). You pay it when you sign the franchise agreement.
Source: Hi-Five Sports Franchising LLC, 2022 filing, page 9
Royalty and ongoing fees
| Royalty | 8.5% of gross sales, paid weekly, with a minimum annual royalty for a club of $850 in the first year, $2,975 in the second and $10,625 after that. |
|---|---|
| Brand or marketing fund | Up to 1% of gross sales; not charged at present ($0). |
| TRANSFER FEE | $9,500 plus our legal fees |
| RENEWAL FEE | $2,000 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Hi-Five Sports Franchising LLC, 2022 filing, pages 9 and 10
Other fees as filed, from page 10. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Hi-Five Sports publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Hi-Five Sports Franchising LLC, 2022 filing, page 42
How Hi-Five Sports compares
Of the 120 sports franchises on this site, Hi-Five Sports is the 5th cheapest to open.
| Figure | Hi-Five Sports | Typical sports brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $25K | $227K | $222K |
| Cost to open, high end | $56K | $442K | $477K |
| Franchise fee | $13K | $50K | $40K |
| Royalty | 8.5% | 7% | 6% |
| Shares earnings figures | Yes | 77 of 120 | 2,147 of 3,352 |
Typical is the median across the 120 brands in sports franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2019 | 10 (+1) | 1 |
| 2020 | 10 (0) | 1 |
| 2021 | 12 (+2) | 1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating. Counts are for Hi-Five Sports Club programs; the larger Hi-Five Sports Zone facilities are counted separately (three franchised and one company-owned at the end of 2021).
These figures don't add up as printed: the 2019 counts come to 12, but the filing shows 11. Worth asking the franchisor.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Hi-Five Sports Franchising LLC, 2022 filing, page 45
Where Hi-Five Sports locations are
At the end of 2021, Hi-Five Sports had locations in 7 states. The most are in California, Illinois and Arizona.
- California3
- Illinois3
- Arizona2
- New York2
- Florida1
- Maryland1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 3 | 0 | 3 |
| Illinois | 2 | 1 | 3 |
| Arizona | 2 | 0 | 2 |
| New York | 2 | 0 | 2 |
| Florida | 1 | 0 | 1 |
| Maryland | 1 | 0 | 1 |
| Texas | 1 | 0 | 1 |
Source: Hi-Five Sports Franchising LLC, 2022 filing, page 46
Who owns Hi-Five Sports?
Hi-Five Sports franchises are sold by Hi-Five Sports Franchising LLC. Its filing names no parent company.
From Hi-Five Sports Franchising LLC’s 2022 filing, page 8.
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: Hi-Five Sports Franchising LLC, 2022 filing, litigation on pages 8–9, bankruptcy on page 9
Hi-Five Sports filings
The figures on this page come from Hi-Five Sports Franchising LLC’s 2022 filing, issued April 5, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | April 5, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other sports franchises
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Hi-Five Sports is also on these lists: mobile franchises, education franchises.