In this exclusive Q&A, we learn about the Knockout Sports Bar franchise opportunity from the company’s founder and head fry cook, Angelo Park.
Franchise Chatter (FC): What is Knockout Sports Bar? Can you share more about the concept?
Angelo Park (AP): Knockout Sports Bar is a boxing-themed sports bar franchise concept inspired by the mentality and discipline of boxing, promoting humility in winning and dignity in defeat in life’s battle. We believe life is a ring and everyone is a boxer who needs a break, providing the corner for every guest who needs that essential break between their daily battles.
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FC: What would you say are your brand’s biggest differentiators for prospective franchisees looking to invest?
AP: Knockout Sports Bar is one of the most affordable franchise opportunities in the specialty-casual sports bar industry of its size and sales. Our chef-driven menu features a modern twist on traditional bar food. This includes our homemade 95% fat-free game-changing wings that are the healthiest wings in the country, being perfected over the past 20 years. Plus, we serve the coldest bottled beer in the United States at 26-degrees. Alongside our menu offerings, our staff, engaging champion-like Knockout girls, provides our guests with a one-of-a-kind experience.
FC: What qualities make Knockout Sports Bar a strong business opportunity for franchise owners?
AP: We encourage our franchisees to build out in a 2nd generation restaurant property, rather than build their own location. Building out an existing restaurant provides a very low cost to the franchisee as many features, particularly kitchen appliances, are already installed. Plus, the property value increases by 100% over the first year of opening. Additionally, Knockout Sports Bar commands a below-industry-average prime cost at roughly 50%, achieving above-industry-average net income.
FC: What qualities do you look for in potential franchisees?
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AP: We look for franchisees with a previous background of owning multi-unit restaurants or bars, with a deep understanding of customer service, kitchen management, and bar details. Additionally, we seek out franchisees who take pride in serving our enticing options and are eager to provide a renowned experience for every customer.
FC: What is the typical investment to open a Knockout Sports Bar?
AP: We have a franchise fee of $40,000 and the total initial investment comes in at an unbeatable price, ranging from $538,000 to $929,000.
FC: Can you share special discounts offered to potential franchisees?
AP: The more units a franchisee opens, the lower the franchise fee. For franchisees that open six units or more, the franchise fee is $20,000, along with a $30,000 franchise fee for four to five units, and $40,000 for up to three units. Currently, we charge a 5% royalty fee and a 0% marketing fee. Once we are in three states across the U.S., the marketing fee will be 1%, and 2% when we reach five states. Additionally, we provide veterans a $5,000 discount in all categories and only charge a 1% marketing fee throughout the entire term of our franchise agreement.
FC: Where is Knockout Sports Bar looking to expand in the near future?
AP: We will continue our expansion throughout our home state in Texas, with plans to add seven locations, in addition to a corporate location in Los Angeles by the end of 2021. As part of our growth strategy, we’re targeting franchise development throughout the southern United States.
FC: What can we expect from Knockout Sports Bar in the future?
AP: Within the next five years, we plan on selling over 200 units as Knockout Sports Bar. It is one of the few sports bars that promotes boxing and MMA not only in the United States but worldwide.
FC: How can our readers learn more about franchising opportunities with Knockout Sports Bar?
AP: To learn more about ownership opportunities with Knockout Sports Bars, visit https://kosportsbar.com/franchise/.