January 11, 2019 // Franchising.com // WARWICK, RI – Launch Trampoline Park – a year-round, family entertainment and action park – has secured the No. 248 spot in Entrepreneur magazine’s 40th annual Franchise 500® ranking. Up 91 spots from last year’s ranking (No. 339), Launch was also ranked No. 3 in the Trampoline Parks category.
“Jumping nearly 100 spots since last year’s ranking is exciting, but we’re just getting warmed up,” said Launch CEO Rob Arnold, who co-founded the business in 2012 with three-time Super Bowl champion Ty Law. “I’m immensely proud of the work our corporate office and franchise owners have done to warrant this ranking. We can’t wait to rise up the ranks in next year’s list as we continue to grow and improve the Launch franchise system in 2019.”
Known as the world’s first, best and most comprehensive franchise ranking, the Franchise 500® ranking recognized Launch for its exceptional performance in areas including costs and fees, size and growth, support, brand strength, and financial strength and stability. Entrepreneur received more than 1,000 applications this year, making it one of the magazine’s most competitive rankings ever.
“As we celebrate 40 years of producing the Franchise 500, it’s a good opportunity to step back and look at how much has changed since that first ranking in 1980,” says Jason Feifer, editor in chief of Entrepreneur. “While the franchise business model has changed little, the strongest franchise brands are constantly evolving and innovating to keep up with changing trends and technology.”
Mixing sports and entertainment, Launch is a year-round, family entertainment and action park featuring giant jumping surfaces, dodgeball courts, slam dunk basketball, foam pits, and kid’s courts, as well as a full arcade with over 30 video, prizing and redemption games. More recent features include ninja courses, laser tag arenas, virtual reality rooms, and ropes courses just to name a few.
“Our spectrum of activities is part of what separates us from other trampoline parks, which feature little more than trampolines. No food. No video games. Just trampolines,” said Arnold. “That’s not going to cut it anymore. Our job as a franchisor is to continue to innovate.”
Today, Launch’s national footprint has rapidly grown to include more than 20 parks in 13 states, more than half of which have opened since the beginning of 2017 alone.
According to Arnold, 2019 is set to be the franchise’s most successful year yet. An additional 10 parks are already under construction and set to open in the coming months. In addition, commitments for more than 30 parks have already been signed throughout California, Colorado, Delaware, Florida, Georgia, Louisiana, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Texas and Virginia.
Including a $50,000 franchise fee, the total initial investment necessary to open a single location ranges from $1,113,285 to $2,828,080. Each park typically occupies between 25,000 and 45,000 square feet of space and employs 50-75 mostly part-time people.
To view Launch in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in Entrepreneur’s January/February 2019 issue.
About Launch Trampoline Park
Founded in 2012 by entrepreneur Rob Arnold and former NFL star and three-time Super Bowl champion Ty Law, Launch Trampoline Park is an innovative leader in the family entertainment industry. A year-round action park featuring giant jumping surfaces, dodge ball courts, ninja courses, laser tag arenas, and more, Launch is an ideal place for kids and adults alike to let loose and “fly” while also providing a great environment for families to spend time together. Currently, there are more than 20 parks open and operating in 13 states, with numerous others in various stages of development across the country. For more information, visit www.launchtrampolinepark.com.
SOURCE Launch Trampoline Park