Swish 365 franchise
2024 filing · April 15, 2024Growing
Swish 365 at a glance
A basketball training facility using shooting machines and coaching programs for athletes. At the end of 2023 there were 4 Swish 365 locations in the US, 1 franchised and 3 company-owned, so most are run by the company itself.
The business
- Franchisor
- Swish 365 Franchise, LLC
- The company that sells the franchises
What you pay
- Cost to open
- $114K–$340K
- Fee, build-out and opening working capital
- Franchise fee
- $15K–$30K
- $15,000 in new markets and states without a Swish 365 location
- Royalty
- 6%
- 6% of gross sales plus 1% to the marketing fund and a 1% technology fee, paid monthly, plus $150 a month for each leased machine
- Brand fund
- 1%
- 1% of gross sales, paid monthly
- Agreement length
- 10 years
Where it is
- US locations, 2023
- 4
- Franchised and company-owned
- Franchised
- 1
- Company-owned
- 3
- Change in 3 years
- +1
- Franchised locations, 2021–2023
- States
- 2
- Most in Ohio and Pennsylvania
From Swish 365 Franchise, LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Swish 365 among all franchises with the same figure.
| Figure | Swish 365 | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $227,250 | Costs less than 66% of franchises |
| Franchise feePaid once, when you sign | $15,000 | Lower than 93% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 4 | Fewer than 74% of franchises |
How much a Swish 365 franchise costs
Opening one Swish 365 costs an estimated $114,400 to $340,100. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Swish 365 Franchise, LLC, 2024 filing, page 16
Swish 365 franchise fee
The franchise fee is $15,000 to $30,000, $15,000 in new markets and states without a Swish 365 location. You pay it when you sign the franchise agreement.
Source: Swish 365 Franchise, LLC, 2024 filing, page 12
Royalty and ongoing fees
| Royalty | 6% of gross sales plus 1% to the marketing fund and a 1% technology fee, paid monthly, plus $150 a month for each leased machine. |
|---|---|
| Brand or marketing fund | 1% of gross sales, paid monthly. |
| Technology Fee | 1% of your gross sales |
| Transfer fee | $10,000 plus any broker fees and other out-of-pocket costs we incur |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Swish 365 Franchise, LLC, 2024 filing, page 12
Other fees as filed, from page 13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Swish 365 does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Swish 365 Franchise, LLC, 2024 filing, page 38
How Swish 365 compares
Of the 120 sports franchises on this site, Swish 365 is the 41st cheapest to open and the 80th largest by number of locations.
| Figure | Swish 365 | Typical sports brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $114K | $227K | $222K |
| Cost to open, high end | $340K | $442K | $477K |
| Franchise fee | $15K | $50K | $40K |
| Royalty | 6% | 7% | 6% |
| Brand fund | 1% | 1% | 2% |
| US locations | 4 | 15 | 21 |
| Shares earnings figures | No | 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 | Opened | Closed |
|---|---|---|---|---|
| 2021 | 0 (0) | 3 | 0 | 0 |
| 2022 | 0 (0) | 3 | 0 | 0 |
| 2023 | 1 (+1) | 3 | +1 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Swish 365 Franchise, LLC, 2024 filing, page 39
Where Swish 365 locations are
At the end of 2023, Swish 365 had locations in 2 states. The most are in Ohio and Pennsylvania.
- Ohio3
- Pennsylvania1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Ohio | 0 | 3 | 3 |
| Pennsylvania | 1 | 0 | 1 |
Source: Swish 365 Franchise, LLC, 2024 filing, page 40
Who owns Swish 365?
Swish 365 franchises are sold by Swish 365 Franchise, LLC.
From Swish 365 Franchise, LLC’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: Swish 365 Franchise, LLC, 2024 filing, litigation on page 11, bankruptcy on page 11
Swish 365 filings
The figures on this page come from Swish 365 Franchise, LLC’s 2024 filing, issued April 15, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | April 15, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other sports franchises
All sports franchises
Swish 365 is also on these lists: education franchises.