- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$208K - $375K
- Units as of 2023
-
6 60% over 3 years
Virtual reality (VR) technology has many practical uses, yet Ctrl V has realized that VR can also be great fun. Ctrl V believes it is a pioneer in virtual reality arcades.
Ctrl V began operations in 2016 and began to franchise later the same year. Ctrl V operates worldwide, with locations in the United States and Canada. With several locations, Ctrl V arcades use state-of-the-art equipment to offer their customers a virtual reality experience that they may never forget.
Why You May Want To Start a Ctrl V Franchise
With hundreds of thousands of customers served, Ctrl V is seeking franchisees who share the sense of wonder that underlies everything a Ctrl V franchise should be about. Franchisees should be fun-loving people who get along well with others. A franchisee's enthusiasm should motivate their team and customers. The franchisee will also oversee the smooth running of their Ctrl V location.
The customer is at the center of everything that a Ctrl V arcade does. Ctrl V aims to make immersive technology available to as many people as possible. Ctrl V franchises may be expected to actively support charities, social justice, research, and community involvement. A franchisee, then, should share the company's concern for others and promote their social programs.
The VR experience at Ctrl V may make the arcade an ideal venue for birthday parties, corporate fun days, and other group events.
What Might Make a Ctrl V Franchise a Good Choice?
Opening a Ctrl V 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.
Ctrl V has been ranked in Entrepreneur's Top New Franchises. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
To be part of the Ctrl V franchise 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 be prepared 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.
How To Open a Ctrl V Franchise
As you decide if opening a Ctrl V franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Ctrl V franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
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. As part of your due diligence, you may want to speak to existing franchisees and ask the Ctrl V franchising team questions.
If awarded a franchise, Ctrl V franchisees will take part in a multi-week training program at company headquarters in Waterloo, Ontario. They will then return home and begin working on setting up their arcade. Franchisees have access to a wide range of support programs to help them succeed.
Company Overview
About Ctrl V
| Industry | Recreation |
|---|---|
| Related Categories | Miscellaneous Recreation Businesses, Miscellaneous Children's Businesses, Miscellaneous Services |
| Founded | 2016 |
| Leadership | Robert Bruski, CEO |
| Corporate Address |
170 Columbia St. W., #5 Waterloo, ON N2L 3L3 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 2016 (8 years) |
|---|---|
| # of employees at HQ | 6 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 6 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Ctrl V 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
|
$50,000 |
|---|---|
|
Initial Investment
|
$207,750 - $374,700 |
|
Net Worth Requirement
|
$250,000 - $500,000 |
|
Cash Requirement
|
$150,000 |
|
Royalty Fee
|
7% |
|
Ad Royalty Fee
|
1.5% |
|
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.
| Third Party Financing | Ctrl V has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, 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 | 99 hours |
|---|---|
| Classroom Training | 57 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 2 |
|
Are exclusive territories available?
|
Yes |
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