Start-Up Costs and Fees |
||
| Blink Fitness | Team Spirit Fitness Centers | |
| Investment | 637000 - 2150000 | 69000 - 69000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 5% | |
| Year Founded | 2010 | 2002 |
| Year Franchised | 2015 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Blink Fitness | Team Spirit Fitness Centers | |
| Experience | 5+ years of relevant business experience or operator with that level of experience | |
Financing Options |
||
| Blink Fitness | Team Spirit Fitness Centers | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Blink Fitness | Team Spirit Fitness Centers | |
| 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. | * Available at headquarters: 2 weeks * At franchisee's location: 5 days |
| Support | 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 | ||
| Operations | Number of employees required > about 20 Owner/operator required Absentee ownership allowed | * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
||
| Blink Fitness | Team Spirit Fitness Centers | |
| 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 | |
| Blink Fitness | |
| Team Spirit Fitness Centers | |
| Franchise Fee | |
| Blink Fitness | |
| Team Spirit Fitness Centers | |
| Royalty Fee | |
| Blink Fitness | 5% |
| Team Spirit Fitness Centers | 6% |
| Advertising Fee | |
| Blink Fitness | 5% |
| Team Spirit Fitness Centers | |
| Year Founded | |
| Blink Fitness | 2010 |
| Team Spirit Fitness Centers | 2002 |
| Year Franchised | |
| Blink Fitness | 2015 |
| Team Spirit Fitness Centers | 2004 |
| Term Of Agreement | |
| Blink Fitness | |
| Team Spirit Fitness Centers | 5 years |
| Renewal Fee | |
| Blink Fitness | |
| Team Spirit Fitness Centers | |
Business Experience Requirements |
|
| Experience | |
| Blink Fitness | 5+ years of relevant business experience or operator with that level of experience |
| Team Spirit Fitness Centers | |
Financing Options |
|
| Franchise Fees | |
| Blink Fitness | No |
| Team Spirit Fitness Centers | No |
| Start-up Costs | |
| Blink Fitness | |
| Team Spirit Fitness Centers | |
| Equipment | |
| Blink Fitness} | |
| Team Spirit Fitness Centers | |
| Inventory | |
| Blink Fitness | |
| Team Spirit Fitness Centers | |
| Receivables | |
| Blink Fitness | |
| Team Spirit Fitness Centers | |
| Payroll | |
| Blink Fitness | |
| Team Spirit Fitness Centers | |
Training & Support |
|
| 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. |
| Team Spirit Fitness Centers | * Available at headquarters: 2 weeks * At franchisee's location: 5 days |
| Support | |
| 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. |
| Team Spirit Fitness Centers | |
| Marketing | |
| Blink Fitness | |
| Team Spirit Fitness Centers | |
| Operations | |
| Blink Fitness | Number of employees required > about 20 Owner/operator required Absentee ownership allowed |
| Team Spirit Fitness Centers | * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Team Spirit Fitness Centers | |
| Canada Expansion | |
| Blink Fitness | |
| Team Spirit Fitness Centers | |
| International Expansion | |
| Blink Fitness | |
| Team Spirit Fitness Centers | |