The Gravity Vault has been bringing the exciting sport of rock climbing to communities since 2005. We operate under the idea that everyone in the world can be a rock climber, whether they are 5 or 75 years old, a first timer or an accomplished traditional climber. We operate facilities that offer a welcoming environment for everyone to experience rock climbing.
Headquartered in Upper Saddle River, New Jersey our first location opened its doors for climbers in 2005. Just four years later, we opened our second corporate location in Chatham, New Jersey. Over the years operating these facilities our business model has been refined and our program structure diversified to share our love of climbing with everyone. In 2013 we were ready to share our successful business model with like-minded entrepreneurs through franchising. In February 2014, The Gravity Vault’s first franchisee owned and operated location opened in Middletown, New Jersey.
We are excited to introduce the sport of climbing to thousands of new people and bring our well rounded programming structure to new communities everywhere. The Gravity Vault team can’t wait to share our passion one gym at a time.
Since opening our first facility in 2005 we have honed our programing and facility operations into a business model we are excited to share with other like-minded entrepreneurs through franchising. Some of the most common questions we are asked and their answers are below.
Keep in mind this is only the tip of the iceberg when it comes to what owning a Gravity Vault Indoor Rock Gym will entail.
What sort of space do you look for to build these gyms?
We open facilities in a minimum of 10,000 sq. ft. with 30 ft. ceilings covering a portion of the space. As finding the right location is a monumental part of operating a successful climbing gym, our team will be beside you for every step of the location search.
What does it cost to build out one of these gyms?
The initial startup costs range from $1,025,500 to $2,484,900 which includes the initial franchise fee of $47,000 for a ten year term. This fee covers the initial training and guidance from our team through the entire process of building and opening your facility.
What about ongoing fees?
The ongoing Royalty Fee is 6.5% and there is a Brand Development Fund Contribution of 1%. Both fees are calculated from gross sales and are paid weekly.
How much money can I make?
Making money is a key factor in your decision to join our team. How profitable a business is will depend a lot on the owners and operators backgrounds, and the decisions they make when it comes to implementing The Gravity Vault’s system. We do offer a financial performance representation in Item 19 of our Franchise Disclosure Document which we share with qualified candidates!
How much money do I need to be considered a qualified candidate?
We look for candidates who have at least $250,000 in liquid capital available for investing and a net worth of at least $750,000. Most of our franchisees will finance the initial investment to build a facility. We do not offer financing directly to our franchisees, but we do work with 3rd party lenders.
Do I have to be a rock climber?
No! The Gravity Vault does not limit our business opportunity solely to experienced climbers. If you are open to it, we’d like you to come and try climbing with us at least once. It’s important to us that we offer a welcoming environment where we invite anyone who wants to climb to try it; we don’t push anyone to climb when they are not comfortable, not our franchisees and not our customers.