Bell Buckle Holdings, Inc. (OTC: BLLB), a holding company that seeks investments and businesses in the Youth Sports & Enrichment industry, a $19 billion dollar market with over 80 million participants every year in the United States, and its subsidiary, Jump Start Sports LLC, a leader in youth sports camps & programs announces it has completed its Franchise Disclosure Document (“FDD”) and addition of new independent Board Members.
BLLB stock has soared about 37% in the past three sessions, signaling a strong momentum. Moreover, the stock is trading above the 20-Day and 50-Day moving average prices of $0.0018 and $0.0019 respectively.
Yesterday, the company announced the addition of two new independent Board Members.
The company operates as a holding company and is mainly involved in the acquisition and growth of businesses engaged in the Youth Sports & Enrichment Industry.
Last year, Bell Buckle had been successful in acquiring a majority stake in the company Jump Start Sports LLC, which is a market leader in the youth sports camps and programs industry. The company teams up with schools and recreation departments for the purpose of setting up these camps and programs.
Earlier on in the week, it emerged that Jump Start Sports had concluded its Franchise Disclosure Document and was seeking franchise partners actively. As per the provisions of the document, a franchise is going to have to pay an initial fee of $35,000 per territory in terms of franchise fee. On top of that, the franchise purchaser would also need to make an investment in the $60,000 to $75,000 range.
The franchise will then get access to the seasoned business model of Jump Start Sports and its online registration platform so as to grow its business in markets where sports youth camps and programs are active. As per the revenues and services, the franchise would then pay fees and continuous royalties to Jump Start Sports.