How Large Is the Industry?
Multibillion dollar industry encompasses 60 million children annually
Youth sports is a huge business, with more than 60 million participants annually in the U.S., according to a study by the National Institutes of Health, and it generates billions of dollars in revenue. It will just keep getting bigger during the next few decades, as some research estimates the population of kids to reach more than 80 million by 2030.
Regardless of the economy, sports are among the few things with evergreen popularity with kids and teenagers. The chance to hang out with friends, be active and have fun has universal appeal and serves a core need in the community. That’s how i9 Sports® has stayed relevant for more than a decade, and plans to stay relevant way into the foreseeable future.
Because parents view youth sports as a necessity rather than a luxury, our model has performed well in both challenging economic conditions and our current growth economy. And because kids tend to come back year after year and play multiple sports, franchise owners have strong opportunities for recurring revenue.
As successful as i9 Sports has been, we’ve only scratched the surface of what is possible. Most of our franchisees today have less than a 2.5% share of the potential children signed up in their market.
i9 Sports President and CEO Brian Sanders says, “When you realize how many children there are in each market and how much perpetual demand there is for youth sports, the opportunity is exponential. Not only do we have a massive opportunity to increase our share within existing territories by providing a better customer experience, but we also have a huge opportunity to expand our footprint by continuing to extend into more locations. In the United States, I believe we will easily triple the size of our system.”
While there’s this inexhaustible supply of customers to serve, the territories we have available are limited. We sell protected territories; that means that once all the territories are sold within a market, we cannot sell more. We’re rapidly filling in the available territories across the country, so if you’re passionate about sports, love working with kids and want to own a great business, there couldn’t be a better time to jump in.
Become an i9 Sports franchise owner
Now is the perfect time to find out more about beginning your own franchise business with i9 Sports. Request our free Franchise Report, How the Business Works, to get started.