Start-Up Costs and Fees |
||
| Cuts Fitness For Men | HOTWORX Studio | |
| Investment | 33600 - 77900 | 188070 - 351885 |
| Franchise Fee | ||
| Royalty Fee | $400/mo. | $550/mo. |
| Advertising Fee | ||
| Year Founded | 2003 | 2016 |
| Year Franchised | 2003 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cuts Fitness For Men | HOTWORX Studio | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Cuts Fitness For Men | HOTWORX Studio | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Cuts Fitness For Men | HOTWORX Studio | |
| Training | ||
| Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Regional advertising | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Cuts Fitness For Men | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Cuts Fitness For Men | |
| HOTWORX Studio | |
| Franchise Fee | |
| Cuts Fitness For Men | |
| HOTWORX Studio | |
| Royalty Fee | |
| Cuts Fitness For Men | $400/mo. |
| HOTWORX Studio | $550/mo. |
| Advertising Fee | |
| Cuts Fitness For Men | |
| HOTWORX Studio | |
| Year Founded | |
| Cuts Fitness For Men | 2003 |
| HOTWORX Studio | 2016 |
| Year Franchised | |
| Cuts Fitness For Men | 2003 |
| HOTWORX Studio | 2017 |
| Term Of Agreement | |
| Cuts Fitness For Men | 10 years |
| HOTWORX Studio | |
| Renewal Fee | |
| Cuts Fitness For Men | |
| HOTWORX Studio | |
Business Experience Requirements |
|
| Experience | |
| Cuts Fitness For Men | Industry experience General business experience Marketing skills |
| HOTWORX Studio | |
Financing Options |
|
| Franchise Fees | |
| Cuts Fitness For Men | No |
| HOTWORX Studio | No |
| Start-up Costs | |
| Cuts Fitness For Men | |
| HOTWORX Studio | |
| Equipment | |
| Cuts Fitness For Men} | |
| HOTWORX Studio | |
| Inventory | |
| Cuts Fitness For Men | |
| HOTWORX Studio | |
| Receivables | |
| Cuts Fitness For Men | |
| HOTWORX Studio | |
| Payroll | |
| Cuts Fitness For Men | |
| HOTWORX Studio | |
Training & Support |
|
| Training | |
| Cuts Fitness For Men | |
| HOTWORX Studio | |
| Support | |
| Cuts Fitness For Men | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| HOTWORX Studio | |
| Marketing | |
| Cuts Fitness For Men | Co-op advertising, Regional advertising |
| HOTWORX Studio | |
| Operations | |
| Cuts Fitness For Men | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| HOTWORX Studio | |
Expansion Plans |
|
| US Expansion | |
| Cuts Fitness For Men | |
| 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 | |
| Cuts Fitness For Men | 0 |
| HOTWORX Studio | |
| International Expansion | |
| Cuts Fitness For Men | |
| HOTWORX Studio | |