Start-Up Costs and Fees |
||
| Beverly Hills Weight Loss and Wellness | Blink Fitness | |
| Investment | 64000 - 96000 | 637000 - 2150000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 5% | |
| Year Founded | 1988 | 2010 |
| Year Franchised | 1989 | 2015 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Beverly Hills Weight Loss and Wellness | Blink Fitness | |
| Experience | General business experience Marketing skills Sales experience | 5+ years of relevant business experience or operator with that level of experience |
Financing Options |
||
| Beverly Hills Weight Loss and Wellness | Blink Fitness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | Yes | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Beverly Hills Weight Loss and Wellness | Blink Fitness | |
| Training | Ongoing training | We offer an industry-leading 150 hours of training to prepare you to run your Blink business successfully. This training includes: Orientation that includes a thorough overview of the business Deep-dive classroom and virtual training on each area of the Blink business Hands-on operational training at one of our gyms A support person who will spend up to a week at your location during your club opening. |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | When you join the Blink Fitness family as a franchise owner, you gain instant access to one of the most well-rounded executive teams in the business. In addition to having deep roots in the fitness industry, our leadership team brings a mix of experience from world-class companies that includes Equinox, Dunkin Donuts, Pepsi, Procter & Gamble, Whole Foods Market, Starbucks, and Ann Taylor. |
| Marketing | Co-op advertising, Ad slicks | |
| Operations | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Number of employees required > about 20 Owner/operator required Absentee ownership allowed |
Expansion Plans |
||
| Beverly Hills Weight Loss and Wellness | Blink Fitness | |
| 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 | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | |
| Franchise Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | |
| Royalty Fee | |
| Beverly Hills Weight Loss and Wellness | 6% |
| Blink Fitness | 5% |
| Advertising Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | 5% |
| Year Founded | |
| Beverly Hills Weight Loss and Wellness | 1988 |
| Blink Fitness | 2010 |
| Year Franchised | |
| Beverly Hills Weight Loss and Wellness | 1989 |
| Blink Fitness | 2015 |
| Term Of Agreement | |
| Beverly Hills Weight Loss and Wellness | 5 years |
| Blink Fitness | |
| Renewal Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | |
Business Experience Requirements |
|
| Experience | |
| Beverly Hills Weight Loss and Wellness | General business experience Marketing skills Sales experience |
| Blink Fitness | 5+ years of relevant business experience or operator with that level of experience |
Financing Options |
|
| Franchise Fees | |
| Beverly Hills Weight Loss and Wellness | No |
| Blink Fitness | No |
| Start-up Costs | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | |
| Equipment | |
| Beverly Hills Weight Loss and Wellness} | |
| Blink Fitness | |
| Inventory | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | |
| Receivables | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | |
| Payroll | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | |
Training & Support |
|
| Training | |
| Beverly Hills Weight Loss and Wellness | Ongoing training |
| Blink Fitness | We offer an industry-leading 150 hours of training to prepare you to run your Blink business successfully. This training includes: Orientation that includes a thorough overview of the business Deep-dive classroom and virtual training on each area of the Blink business Hands-on operational training at one of our gyms A support person who will spend up to a week at your location during your club opening. |
| Support | |
| Beverly Hills Weight Loss and Wellness | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Blink Fitness | When you join the Blink Fitness family as a franchise owner, you gain instant access to one of the most well-rounded executive teams in the business. In addition to having deep roots in the fitness industry, our leadership team brings a mix of experience from world-class companies that includes Equinox, Dunkin Donuts, Pepsi, Procter & Gamble, Whole Foods Market, Starbucks, and Ann Taylor. |
| Marketing | |
| Beverly Hills Weight Loss and Wellness | Co-op advertising, Ad slicks |
| Blink Fitness | |
| Operations | |
| Beverly Hills Weight Loss and Wellness | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Blink Fitness | Number of employees required > about 20 Owner/operator required Absentee ownership allowed |
Expansion Plans |
|
| US Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | 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 | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | |
| International Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| Blink Fitness | |