Start-Up Costs and Fees |
||
| 21 Minute Convenience Fitness | Gold's Gym | |
| Investment | 124500 - 195300 | 22200000000000 - 5000500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 3% | 5% |
| Advertising Fee | 2% | |
| Year Founded | 2003 | 1965 |
| Year Franchised | 2005 | 1980 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| 21 Minute Convenience Fitness | Gold's Gym | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| 21 Minute Convenience Fitness | Gold's Gym | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| 21 Minute Convenience Fitness | Gold's Gym | |
| Training | Internet | Available at headquarters |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks | Co-op advertising, Regional advertising |
| Operations | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| 21 Minute Convenience Fitness | Gold's Gym | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | |
| Franchise Fee | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | |
| Royalty Fee | |
| 21 Minute Convenience Fitness | 3% |
| Gold's Gym | 5% |
| Advertising Fee | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | 2% |
| Year Founded | |
| 21 Minute Convenience Fitness | 2003 |
| Gold's Gym | 1965 |
| Year Franchised | |
| 21 Minute Convenience Fitness | 2005 |
| Gold's Gym | 1980 |
| Term Of Agreement | |
| 21 Minute Convenience Fitness | 10 years |
| Gold's Gym | |
| Renewal Fee | |
| 21 Minute Convenience Fitness | 25% of fran. fee |
| Gold's Gym | |
Business Experience Requirements |
|
| Experience | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | Industry experience General business experience |
Financing Options |
|
| Franchise Fees | |
| 21 Minute Convenience Fitness | No |
| Gold's Gym | No |
| Start-up Costs | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | |
| Equipment | |
| 21 Minute Convenience Fitness} | |
| Gold's Gym | |
| Inventory | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | |
| Receivables | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | |
| Payroll | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | |
Training & Support |
|
| Training | |
| 21 Minute Convenience Fitness | Internet |
| Gold's Gym | Available at headquarters |
| Support | |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Gold's Gym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| Gold's Gym | Co-op advertising, Regional advertising |
| Operations | |
| 21 Minute Convenience Fitness | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. |
| Gold's Gym | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | |
| Canada Expansion | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | |
| International Expansion | |
| 21 Minute Convenience Fitness | |
| Gold's Gym | |