News

Fund established to encourage pro athletes into franchising

September 16, 2014

The Playbook Solutions Group Franchise Income Fund has been formed to help professional athletes get into franchising. The fund was founded by Steve Levenson and NFL veteran Leonard Marshall is a partner.

"The franchise industry is continuing to flourish and we are poised to help former and current athletes and other investors reap financial success in this industry with none of the hands on work," Levenson said in a news release. "Like a team's successful playbook, franchising works because it's a replicable model. Our team of experts is ready to provide investors with a new, stable and predictable income source."

The Playbook Franchise Fund offers investors help with the day-to-day operational responsibility if they choose, as well as a "playbook," or defined set of strategies.

Playbook Franchise Fund also offers a return of 7.5 percent annualized return distributed monthly, plus 50 percent of profit from equity investments. The Fund receives cash flow from the operation of existing franchises, the release said.  Investors purchase units in Playbook Franchise Fund's name. The minimum individual investment is $100,000. The fund maximum is $50,000,000.