- 2024 Franchise 500 Rank
-
#361 Ranked #390 last year
- Initial investment
-
$84K - $301K
- Units as of 2024
-
56 33.3% over 3 years
Every company advertises as part of their marketing strategy, and Social Indoor specializes in helping a business’ message to be heard. Social Indoor is a digital advertising network utilizing moments that place potential customers in a captive environment, such as pumping gas, waiting in line at the store, and even using a public restroom. Here, customers are unable to change the channel, switch the station, or swipe away, making them prime advertising opportunities.
Founded in 2002, Social Indoor started its journey thanks to founder Tony Jacobson and his many years of experience creating and building industry-leading advertising companies. In 1987, Jacobson co-founded a conceptually new advertising company that installed framed print ads in the restrooms of bars and restaurants, which led to the founding of Social Indoor in 2002. They also utilized truck-side, gas pump, door hanger, and icebox advertising.
Since then, Social Indoor has installed over 950 HD digital monitors in the restrooms of many popular bars, restaurants, and nightclubs—creating the nation’s largest indoor digital platform in the country.
Why You May Want To Start a Social Indoor Franchise
Social Indoor is looking for franchisees dedicated to outstanding service who possess an outgoing personality, and have a background in sales. The ideal candidate is resourceful, timely, dedicated, and persistent. If this tenacious spirit of ingenuity sounds like you, opening a Social Indoor franchise may be the right move for you.
Social Indoor has been refining its strategy for quite some time and, as a franchisee, you could have the same opportunity to build your own local indoor advertising network. The potential responsibilities of a franchisee include engaging with clients, growing your network of connections, and acquiring and managing venues.
What Might Make a Social Indoor a Good Choice?
Opening a Social Indoor franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
To be part of the Social Indoor team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
Social Indoor has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, and payroll. They also offer in-house financing that could help you cover the costs of the equipment and inventory.
How To Open a Social Indoor Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Ensure that you take time to explore the opportunity. Research the brand and your local area to see if a Social Indoor franchise would do well in your community. You may want to speak to existing franchisees and ask the Social Indoor team any questions.
Social Indoor provides training programs that may benefit the start-up process, including sales manuals and video tutorials, a list of potential venue partners, software management tools, and in-market specialists to build your inventory.
Company Overview
About Social Indoor
| Industry | Business Services |
|---|---|
| Related Categories | Advertising Services |
| Founded | 2002 |
| Parent Company | Social Indoor Franchising |
| Leadership | Tony Jacobson, Founder & CEO |
| Corporate Address |
5929 Baker Rd., #480 Minnetonka, MN 55345 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 2002 (22 years) |
|---|---|
| # of employees at HQ | 25 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 56 (as of 2024) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Social Indoor franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$40,000 - $85,000 |
|---|---|
|
Initial Investment
|
$84,050 - $300,700 |
|
Net Worth Requirement
|
$500,000 |
|
Cash Requirement
|
$100,000 |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
1% |
|
Term of Agreement
|
5 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| In-House Financing | Social Indoor offers in-house financing to cover the following: inventory |
|---|---|
| Third Party Financing | Social Indoor has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, payroll |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 23 hours |
|---|---|
| Classroom Training | 40 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
Social Media
SEO
Website Development
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
Yes |
| # of employees required to run | 1 |
|
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where Social Indoor landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Social Indoor ranked on other franchise lists? Find out below.
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