Sandbox VR FDD – Franchise Information, Costs and Fees
Type of Business
As a franchisee, you will own and operate a Sandbox VR Business featuring live-action, hyper reality experiences, including virtual reality and physical adventures, with a full body tracking system.
Corporate Information
GloStation Franchising USA, Inc. is a Delaware corporation formed on December 19, 2017. Their principal business address is 4695 Chabot Drive, Suite 200, Pleasanton, California, 94588. They began offering franchises in April 2019.
Investment
The total investment necessary to begin operation of a Sandbox VR Business is $250,719 to $1,875,464 net of tenant allowances that, as set forth in Item 7, typically cover between 44% and 100% of construction and leasehold expense. If negotiated with your landlord, such tenant allowances can reduce the total out-ofpocket initial investment, which otherwise could range from $1,427,090 to $2,890,038. This initial investment includes $541,000 to $577,000 that must be paid to the franchisor or designee. The franchisor and you may choose to sign a Development Rights Agreement under which you will develop a number of Sandbox VR Businesses. The franchisor expects the Development Rights Agreement to cover between 2 and 10 Sandbox VR Businesses. The total investment necessary to enter into a Development Rights Agreement ranges from $100,000 to $180,000, consisting of a development fee paid to the franchisor. These figures do not include the initial investment necessary to open and begin operating Sandbox VR Businesses upon signing individual Franchise Agreements pursuant to a Development Rights Agreement.