Start-Up Costs and Fees |
||
| 21 Minute Convenience Fitness | LA Weight Loss Centers | |
| Investment | 124500 - 195300 | 67200 - 120400 |
| Franchise Fee | 0 | |
| Royalty Fee | 3% | 7% |
| Advertising Fee | ||
| Year Founded | 2003 | 1989 |
| Year Franchised | 2005 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| 21 Minute Convenience Fitness | LA Weight Loss Centers | |
| Experience | ||
Financing Options |
||
| 21 Minute Convenience Fitness | LA Weight Loss Centers | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| 21 Minute Convenience Fitness | LA Weight Loss Centers | |
| Training | Internet | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Meetings, Toll-free phone line, Grand opening, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks | Ad slicks, National media, 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. | |
Expansion Plans |
||
| 21 Minute Convenience Fitness | LA Weight Loss Centers | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | |
| Franchise Fee | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | |
| Royalty Fee | |
| 21 Minute Convenience Fitness | 3% |
| LA Weight Loss Centers | 7% |
| Advertising Fee | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | |
| Year Founded | |
| 21 Minute Convenience Fitness | 2003 |
| LA Weight Loss Centers | 1989 |
| Year Franchised | |
| 21 Minute Convenience Fitness | 2005 |
| LA Weight Loss Centers | 1998 |
| Term Of Agreement | |
| 21 Minute Convenience Fitness | 10 years |
| LA Weight Loss Centers | 10 years |
| Renewal Fee | |
| 21 Minute Convenience Fitness | 25% of fran. fee |
| LA Weight Loss Centers | |
Business Experience Requirements |
|
| Experience | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | |
Financing Options |
|
| Franchise Fees | |
| 21 Minute Convenience Fitness | No |
| LA Weight Loss Centers | No |
| Start-up Costs | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | |
| Equipment | |
| 21 Minute Convenience Fitness} | |
| LA Weight Loss Centers | |
| Inventory | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | |
| Receivables | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | |
| Payroll | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | |
Training & Support |
|
| Training | |
| 21 Minute Convenience Fitness | Internet |
| LA Weight Loss Centers | |
| Support | |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| LA Weight Loss Centers | Meetings, Toll-free phone line, Grand opening, Field operations/evaluations |
| Marketing | |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| LA Weight Loss Centers | Ad slicks, National media, 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. |
| LA Weight Loss Centers | |
Expansion Plans |
|
| US Expansion | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | 0 |
| International Expansion | |
| 21 Minute Convenience Fitness | |
| LA Weight Loss Centers | |