Does Nike Franchise?

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does nike franchise

Playing sports from a young age teaches us to be competitive, but more crucially, invaluable team-work and communication skills.

As well as the benefits that sport has on character building, and on keeping fit, the global sports industry is massive. Whether its professional sports leagues, gambling, stadiums, supplements or memorabilia, the lucrative market provides great investment opportunities. And, inevitably, when people are playing sport, there is the need for sports shoes and apparel to wear. Therefore, there are many retailers, both online and instore, that offer a plethora of sports products.

Many of these companies are endorsed by professional athletes which encourages a large customer base. The company with the largest net worth is Nike, with Cristiano Ronaldo being one of the many sports celebrities endorsing the brand.

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Overview of Nike

Founded in 1964, Nike is an American multinational corporation that is involved with the design, development, manufacturing and marketing of sports footwear, equipment, accessories, apparel and services. Based in Oregon, NIKE, Inc. includes the Nike, Hurley, Converse and Jordan brands.

Due to it being the worlds largest supplier of sports shoes and apparel, it is no surprise that the Nike brand name, the slogan Just Do It and the tick logo makes Nike one of the most recognised brands across the globe.

The Greek goddess of victory, speed and strength, is what inspired the name Nike, and due to the brand valuing $28 billion as of 2018, making it the most valuable global apparel brand, the company really is acting true to its name.

What sets Nike apart as a sports shoe and apparel brand is that it pioneers sport innovations. Such as, manufacturing its products in a more sustainable way, by developing a creative and diverse team of employees and by having a positive influence on the communities where it operates and retails its products.

Nike believes that a love of sport unites us and that diversity is the key to creativity and innovation.

Is Nike a Franchise?

Nike signs franchise agreements with large retail groups, which operate numerous Nike chains on its behalf. For example, Nike operates a franchise model in India and works alongside retailers and property owners who want to sell their products through their retail outlets.

Nike additionally licenses retailers to sell its products. Nike is an incredibly popular global brand, therefore, if you are a sports shoe or clothing retailer, selling Nike products is likely to boost sales and generate higher profits. Anyone who wants to retail Nike products must submit an application form to the company. Nike reviews each application but there is no indication of how long this process may take. Also, Nike only encourages you to apply if you have an established business or have a concrete business plan and secure funding.

Nike Franchise Cost

While the multinational corporation has a franchised base setup in many countries, it is not possible for individual franchisees to invest at present. For this reason, it is difficult to acquire franchise costs.

Similar Opportunities

There arent currently any sports shoe and apparel franchise opportunities available through Point Franchise. But take a look below at some of the best franchise opportunities overseas to get an idea of what to expect.

Pro Image Sports

Pro Image Sports is an American sports franchise founded in 1985. The franchisor license and trains franchisees to operate stores that retail professional sportswear and sports-oriented products under the trademark Pro Image Sports.

The franchise became one of the fasted growing franchises in the US. There are over 130 Pro Image Sports franchises today.

Operating as a leading sport franchise for over 30 years, it has a dedicated customer base, who are on the hunt for authentic, on-trend, licensed sports apparel and products. Local franchisees set themselves apart from competition by matching their product selection to the demand of the market.

This franchise is a safe option for entrepreneurs looking to make a low-risk investment, with a relatively low initial investment. Investing is also a great idea because of its 30-year track record, there will always be a demand for sports products, and there is constant support from the franchising team. Including locating the right store and help with leasing, and marketing and sales support.

In order to invest, an initial investment of $155,500 (approximately £119,000) and an initial franchise fee of $30,000 (approximately £23,000) is required. At the moment, Pro Image Sports is only franchising in the US, but watch this space for UK opportunities.

Smiths Sports Shoes

Founded in 1949, this franchise is one of the most successful sports shoe retailers in New Zealand. It caters for the whole family, with it offering shoes suited for the majority of sports and also more casual shoes, all at affordable prices.

During the late eighties, branded sports shoes were considered to be an expensive, luxury item in New Zealand. Smiths noticed a business opportunity here and knew that in order for its business to develop, it needed to price its sports shoes competitively.

There are now 15 stores in New Zealand and over the past 25 years, the Smiths group has really taken off and developed into the successful business it is today.

Smiths Sports Shoes offers extraordinary technical advice when it comes to purchasing the perfect pair of shoes. This includes video gait analysis, which is when the walking or running gait is analysed through video, so the highly-skilled team can find the right shoe for feet of all shapes and sizes. This specialist support is especially relevant with the huge recent technical advancements in the athletic footwear industry.

The Smiths franchise model has proven the test of time, and the company is searching for hard working entrepreneurs with great communication skills to get on board.

In order to start a franchise, potential franchisees must contact the franchise director directly to find out about investment costs.

At the moment, Smiths is only looking for franchisees in New Zealand.

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