Crown Trophy logo

Crown Trophy

Award and recognition items

Investment

$168,150

Initial Franchise Fee

$35,000

Units

130

Growth Rate

-5%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Retail
Founded 1978
Franchising Since 1987
Parent Company Crown Trophy Inc.
Leadership Chuck Weisenfeld, Founder
# of Employees at HQ 16
Follow
N/A

Units and Growth Chart

About Crown Trophy

Crown Trophy, established in Brooklyn, New York in 1978, is one of the largest retailers of award and recognition trophies in the United States. It is a one-stop-shop for trophies and awards for any occasion and has subsequently secured its footing as a leader in the industry.

Crown Trophy currently has over 130 locations in 40 states. Their 100,000 sq. ft. corporate office and warehouse in Hawthorne, New York, strives to use state-of-the-art equipment and houses its franchise team and graphic artists.

Why You May Want to Start a Crown Trophy Franchise

Operating a Crown Trophy franchise is an easy way to run a community-oriented business. The company focuses on serving local sports leagues, youth groups, schools, and clubs. This is what made it an instant success when founder Chuck Weisenfield opened his first location.

But not only will you be giving out trophies to Little Leaguers and student achievers. You’ll also be selling awards for executives in corporate settings, personalized gifts, and banners. With a dedicated showroom in each store that showcases award options, Crown Trophy is truly a sight to behold, and its products are a great way to bring a smile to someone’s face.

As a Crown Trophy franchisee, you’ll receive ongoing support from lease negotiations, security and safety procedures, email marketing, web development, and training. You will go through a few hours of on-the-job training and several dozen hours of classroom training. Additionally, you will attend annual Crown Trophy franchise meetings where you can meet with other franchisees and learn best practices for your business.

What Might Make a Crown Trophy Franchise a Good Choice?

Crown Trophy has a long history of ranking in Entrepreneur’s Franchise 500. That 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.

Its relatively low franchise fee, unique hold over the market, and small employee requirement—you only need two people to operate a store—may make it an easy investment to add to a portfolio and run daily. You also have the opportunity to hold exclusive territory in your locale. Seeing as there are not many other franchising competitors in the market, you can potentially become the only resource for customizable awards and trophies in the area.

To be part of the Crown Trophy team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include royalty fees. The term of an agreement typically lasts for five years, and the contract is renewable. 

How To Open a Crown Trophy Franchise?

To open a Crown Trophy franchise, you’ll need a cash requirement and net worth minimum set by the company. You cannot be an absentee franchisee, meaning you will have to work in the business itself. You also cannot run this franchise part-time. To begin your Crown Trophy franchise journey, simply submit a franchise inquiry form. 

Investment Details

Initial Franchise Fee $35,000
Initial Investment $168,150 - $227,700
Net Worth Requirement $50,000 - $1,000,000
Cash Requirement $50,000 - $60,000
Royalty Fee 5%
Ad Royalty Fee 0
Technology Fee $2K/yr.
Term of Agreement 5 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 5% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 12 hours
Classroom Training 52 hours

Ongoing Support

Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform

Marketing Support

Ad Templates
SEO
Website Development
Email Marketing

Operations & Requirements

Key operational details and requirements for 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

Ranking History

Crown Trophy performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022