Investment $308,000 - $337,000 CAD · Franchise fee $50,000 CAD · 22 units
Ctrl V is a virtual reality arcade chain that opened its first location in Waterloo, Ontario in June 2016, which it describes as Canada's first VR arcade. Head office remains in Waterloo.
Customers book a VR station by the hour, online and paid in advance. Each station has an HTC Vive headset, foam safety mats and a monitor mirroring the player's view, and locations run between 8 and 18 stations. Beyond walk-in gaming, revenue comes from birthday parties combining an hour of VR with a private party room, corporate events and team building, school trips, educational VR programs and escape rooms.
The concept runs on proprietary software the company calls the Ctrl Suite, including a multiplayer interface that lets players switch games mid-session, an online booking system and a customer portal.
Territories are defined by postal code and sized at roughly 200,000 people for every 16 VR stations. Training is a two-week intensive program at the Waterloo flagship, classroom in the mornings and practical arcade work in the afternoons, with a pass mark of 90 percent, followed by a three-day refresher before opening. Support includes weekly business coaching, technical support, field audits and a franchise advisory council.
$308,000 - $337,000 CAD
2016
Yes
170 Columbia St. W., Suite #5, Waterloo, N2L 3L3, Canada
22
$50,000 CAD
4
https://www.facebook.com/CtrlVCanada/, https://twitter.com/ctrlvcanada, https://www.linkedin.com/company/ctrlv, https://plus.google.com/u/2/b/114645064995584593750/, https://www.youtube.com/channel/UCwdWrQR73LLKKeNJupR9MVA, https://www.instagram.com/ctrlvcanada
The total investment listed for a Ctrl V franchise is $308,000 - $337,000 CAD. That figure normally includes the franchise fee of $50,000 CAD. Confirm the current range and exactly what it covers with the franchisor before committing.
The franchise fee listed for Ctrl V is $50,000 CAD. This is the up-front cost paid to the franchisor and is separate from ongoing royalties.
Ctrl V currently lists 22 franchise units.
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