Franchising allows you to have the benefits of owning your own business, but with the added support of a recognized brand and an established method of doing business. As a Play Street Museum franchise owner, you can be your own boss, while working with a highly regarded and rapidly growing brand, receive in depth training and tools, with the stability of a strong network of experienced support as you develop and grow your business.
The franchise model allows us to maintain the locally owned and community minded approach to serving guests which Play Street Museum has embraced since its founding.
Importantly, this structure also enables each franchise owner to leverage the highly tangible benefits that come from being a part of a larger network (established systems, continually updated programming, robust training, and ongoing support to name a few).
We have embraced the franchise model, and we believe it is foundational to our system and brand fully realizing our Play Street Museum purpose, which is to serve, empower, impact, and inspire.
We are with you at every step of your journey…from site selection to comprehensive classroom and hands-on training, to working alongside you when you greet your first guest on opening day.
We are passionate about your success and that means helping you in selecting a location in addition to designing and outfitting your location so that you can have your Play Street Museum up and running as quickly as possible.
We will equip you with the many components that can help you rapidly grow your business and optimize your marketing investment. This includes a turnkey and customized website, a portfolio of proven marketing and advertising tools, and a social media strategy that fully leverages the Play Street Museum brand in your local market.
Play Street Museum is committed to ongoing innovation through the continued expansion of our proprietary curriculum, seasonal marketing programs and events, and uniquely curated exhibits & toys.
Our goal is to provide you with the tools and assistance you need to maximize your effectiveness in positively impacting the lives of children in your community.
Our comprehensive training program covers the many aspects required to successfully start, operate, and grow your Play Street Museum franchise.
There are three primary components of our operational training program:
1) Seven weeks of virtual training (interactive self-paced online courses with weekly live video review sessions) where we cover the fundamental aspects of operating your PSM location.
2) Five days of on-site training at our home office and in our corporate owned PSM locations in Plano, TX and McKinney, TX where we will review and apply much of what was covered in the virtual training as well as build on that knowledge base.
3) Three days of in person training on-site at your location coordinated in conjunction with your grand opening which focused on equipping you and your team to be fully prepared and confident in your knowledge and skills as your location opens to the public.
Franchise owners must meet the Play Street Museum minimum financial requirements and be able to fund the initial franchise investment, including working capital and any personal living expenses during the set-up period.
The total initial investment to open your location will typically range from $482,741 to $759,920 depending on the museum’s location and size. We require all prospective franchise owners to be able to verify a minimum $150,000 in liquid capital to invest. A co-applicant may also assist in meeting these requirements. Typical financing through the SBA (Small Business Administration) requires 15-30% owner contribution into the business. We require franchisees to have a minimum net worth of $700,000.
An ideal Play Street Museum franchise candidate has a genuine commitment to serving children, families, and their community.
Strong candidates have a passion for enriching and developing children and families in their community paired with an equally strong passion for operating their location consistent with brand standards and with operational excellence.
Owning and operating a _Play Street Museum_ involves leading and inspiring your team in providing excellent service excellence to guests. This leadership and development component is not only critical to your location’s success but is also a highly rewarding aspect of owning your Play Street location. This involves building your team and providing training, motivation, coaching, and performance management of your team.
While prior business experience is not a requirement for being awarded a Play Street Museum franchise, a fundamental consideration of our qualification process is evaluating your commitment and ability to learn and utilize Play Street Museum’s core operating systems and business processes which will be fundamental to your success as an owner.
The length of time from signing a franchise agreement to opening your location is generally 9-12 months.
Yes, multi-unit ownership is very common in the Play Street Museum network.
Play Street Museum does not provide direct financing to franchise owners, but does assist in providing lender contact information and general guidance as it relates to financing your location.
The Play Street Museum franchise owner shares our philosophy and has a genuine commitment to serving children, families, and their community. You should be passionate about early childhood enrichment and development and prioritize safety and quality experiences alongside the drive to grow your own business. We seek financially qualified candidates or teams of local entrepreneurs who are inspired by our mission to create welcoming, trusted environments that develop creativity and learning. We are ready to disrupt the childhood enrichment industry. Prior business or operational knowledge is preferred, but we seek a community focus and an affinity for family engagement above all else. We welcome both single- and multi-unit franchise owners.
Franchise owners and their managers will receive comprehensive initial training on the Play Street Museum franchise model, both in the classroom and on the job, including quarterly training featuring weekly online lessons and five days of onsite training. When it’s time for your Grand Opening, our Play Street franchise team will travel to your location to make sure you are calm, confident, and excited when you open your doors. Owners will have access to the Play Street Museum Confidential Operations Manual for daily operations. Our team is available to assist you when you need us. We are always just a call or click away.
The estimated initial investment necessary to begin operations ranges from $304,650 to $761,140. This includes a $xx,000 initial franchise fee. As with any new venture, it’s important to have adequate capital to fund the initial business growth stages.
We do not provide direct financing to franchise owners, but we may refer to financing sources on a case-by-case basis.
We collect a royalty fee equal to x% of gross revenues. Fees such as these allow us to fund our ongoing Play Street Museum support services and the continued development of programs, marketing tools, training programs, recipes, and systems upgrades. For a full list of fees and requirements, please refer to our Franchise Disclosure Document (FDD).
Play Street Museum franchise owners will be required to spend the greater of x% or $xxx per week on local marketing each month, and $xx,000 on their Grand Opening. You will also contribute x% of gross revenues to the brand marketing fund. Collected funds will be used to develop marketing strategies to promote the Play Street Museum brand and cover the creative costs to develop branded marketing materials and campaigns.
The initial term of your agreement is x years, with two subsequent successor agreement options of five years each.
If you’re interested in learning more about the Play Street Museum franchise opportunity, contact us at 888-888-8888 or franchiseinfo@playstreetmuseum.com TBD. Let’s discuss setting up a meeting, speaking with our management staff, and receiving our FDD, for all the important details you’ll need to make an informed decision.
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