Start-Up Costs and Fees |
||
| 21 Minute Convenience Fitness | HOTWORX Studio | |
| Investment | 124500 - 195300 | 188070 - 351885 |
| Franchise Fee | 0 | |
| Royalty Fee | 3% | $550/mo. |
| Advertising Fee | ||
| Year Founded | 2003 | 2016 |
| Year Franchised | 2005 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| 21 Minute Convenience Fitness | HOTWORX Studio | |
| Experience | ||
Financing Options |
||
| 21 Minute Convenience Fitness | HOTWORX Studio | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| 21 Minute Convenience Fitness | HOTWORX Studio | |
| Training | Internet | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks | |
| 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. | |
Expansion Plans |
||
| 21 Minute Convenience Fitness | HOTWORX Studio | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | |
| Franchise Fee | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | |
| Royalty Fee | |
| 21 Minute Convenience Fitness | 3% |
| HOTWORX Studio | $550/mo. |
| Advertising Fee | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | |
| Year Founded | |
| 21 Minute Convenience Fitness | 2003 |
| HOTWORX Studio | 2016 |
| Year Franchised | |
| 21 Minute Convenience Fitness | 2005 |
| HOTWORX Studio | 2017 |
| Term Of Agreement | |
| 21 Minute Convenience Fitness | 10 years |
| HOTWORX Studio | |
| Renewal Fee | |
| 21 Minute Convenience Fitness | 25% of fran. fee |
| HOTWORX Studio | |
Business Experience Requirements |
|
| Experience | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | |
Financing Options |
|
| Franchise Fees | |
| 21 Minute Convenience Fitness | No |
| HOTWORX Studio | No |
| Start-up Costs | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | |
| Equipment | |
| 21 Minute Convenience Fitness} | |
| HOTWORX Studio | |
| Inventory | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | |
| Receivables | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | |
| Payroll | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | |
Training & Support |
|
| Training | |
| 21 Minute Convenience Fitness | Internet |
| HOTWORX Studio | |
| Support | |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| HOTWORX Studio | |
| Marketing | |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| HOTWORX Studio | |
| 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. |
| HOTWORX Studio | |
Expansion Plans |
|
| US Expansion | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | |
| International Expansion | |
| 21 Minute Convenience Fitness | |
| HOTWORX Studio | |