I’m looking at one of these with a couple of mates, and as my role wouldn’t be to do anything except put money in, really, it might actually happen.
The thing I don’t like is the franchise model tbh. Yeah there’s some recognition and equity in the CnC brand, and yes startup would be costlier and more time consuming without the help you get under the franchise model, but seriously maaaaaan, following all those other pelple’s rules. That’s what sucks about franchising. I’m sick of other people’s rules.
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you'd have to be ruthless on the training and making sure everybody did it right. liability for some small child plummeting would be bad.
but i like the idea and fair play to them for rolling out as a franchise
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agreed re the worry, the worry
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two great things about the model:
- the product is great and there’s loads of demand for it - can’t argue with the customer value
- it’s a good way of levering cheap(ish) light industrial space
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Not just the kids my friends:
Man dies after getting stuck in cave at indoor climbing centre in Lake District | Lake District | The Guardian
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What are the non-compete clauses like I wonder. Seems like the sort of thing you could do for a few years under a franchise then sell it on and set up your own version under a new brand.
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a friend ran one of the big franchise networks for a few years . they were RUTHLESS about the non-competes. it was the one area they spent big on lawyers in advance and then on enforcement.
my old firm had a franchise network in its portfolio. we managed to kill one of the ex-franchisees (well, he had a massive heart attack the day after losing the litigation around the non-compete and we ended up with his house).
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Sounds like a plan.
You could offer cheap visits to the employees of Lazcorp as a perk too. How many of them are there now - it was about 90 last time we looked in wasn't it?
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I know someone who had a trampoline park franchise. Air ambulance turnout in the first week of opening was widely publicised and eventually it shut down - the waiver before participating was ludicrous and there were constant accidents. One of the staff was very badly injured
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yeah, the thing is that I’m not sure CnC yet have the brand equity to demand ruthless terms
if you set up the exact same offering under a new brand in an affluent town you would get just as many people flooding in as you’d get if you used the clip’n’’climb brand. Most people only ever go to one of these places, their local one. It’s not like McDonalds.
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so not sure that you get fair value for what you give away to the mothership, as a franchise holder
that’a the main issue for IC at the mo
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i know a local council that's got a couple of franchises. quite a good idea. (along with a few other leisure activities beyond just the pool). lots of kids/teens using them all at sensible prices. quite like this state intervention tbh
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yes agreed
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