Start-Up Costs and Fees |
||
| 21 Minute Convenience Fitness | Stretch U | |
| Investment | 124500 - 195300 | 49650 - 508306 |
| Franchise Fee | 0 | |
| Royalty Fee | 3% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 2003 | 2010 |
| Year Franchised | 2005 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| 21 Minute Convenience Fitness | Stretch U | |
| Experience | ||
Financing Options |
||
| 21 Minute Convenience Fitness | Stretch U | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| 21 Minute Convenience Fitness | Stretch U | |
| Training | Internet | Between thirty (30) and sixty (60) days before your Unit Franchise opens for business, we provide our initial training program for Stretch U Unit Franchises to you, other members of your management team, and any agents you employ. The training program includes classroom instruction and Franchise operation and on-the-job training at either our headquarters in Oklahoma City, your Unit Franchise location, or any other location we designate, including:  Stretch Training Techniques  Basic Management BDP, & SOP training; financial and KPI training  Sales and marketing training  Software Training |
| 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 | Stretch U | |
| US Expansion | Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| 21 Minute Convenience Fitness | |
| Stretch U | |
| Franchise Fee | |
| 21 Minute Convenience Fitness | |
| Stretch U | |
| Royalty Fee | |
| 21 Minute Convenience Fitness | 3% |
| Stretch U | 6% |
| Advertising Fee | |
| 21 Minute Convenience Fitness | |
| Stretch U | 2% |
| Year Founded | |
| 21 Minute Convenience Fitness | 2003 |
| Stretch U | 2010 |
| Year Franchised | |
| 21 Minute Convenience Fitness | 2005 |
| Stretch U | 2012 |
| Term Of Agreement | |
| 21 Minute Convenience Fitness | 10 years |
| Stretch U | |
| Renewal Fee | |
| 21 Minute Convenience Fitness | 25% of fran. fee |
| Stretch U | |
Business Experience Requirements |
|
| Experience | |
| 21 Minute Convenience Fitness | |
| Stretch U | |
Financing Options |
|
| Franchise Fees | |
| 21 Minute Convenience Fitness | No |
| Stretch U | No |
| Start-up Costs | |
| 21 Minute Convenience Fitness | |
| Stretch U | |
| Equipment | |
| 21 Minute Convenience Fitness} | |
| Stretch U | |
| Inventory | |
| 21 Minute Convenience Fitness | |
| Stretch U | |
| Receivables | |
| 21 Minute Convenience Fitness | |
| Stretch U | |
| Payroll | |
| 21 Minute Convenience Fitness | |
| Stretch U | |
Training & Support |
|
| Training | |
| 21 Minute Convenience Fitness | Internet |
| Stretch U | Between thirty (30) and sixty (60) days before your Unit Franchise opens for business, we provide our initial training program for Stretch U Unit Franchises to you, other members of your management team, and any agents you employ. The training program includes classroom instruction and Franchise operation and on-the-job training at either our headquarters in Oklahoma City, your Unit Franchise location, or any other location we designate, including:  Stretch Training Techniques  Basic Management BDP, & SOP training; financial and KPI training  Sales and marketing training  Software Training |
| Support | |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Stretch U | |
| Marketing | |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| Stretch U | |
| 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. |
| Stretch U | |
Expansion Plans |
|
| US Expansion | |
| 21 Minute Convenience Fitness | |
| Stretch U | Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming |
| Canada Expansion | |
| 21 Minute Convenience Fitness | |
| Stretch U | |
| International Expansion | |
| 21 Minute Convenience Fitness | |
| Stretch U | |