Start-Up Costs and Fees |
||
| Fitness Together | 21 Minute Convenience Fitness | |
| Investment | 189162 - 328576 | 124500 - 195300 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 3% |
| Advertising Fee | 2% | |
| Year Founded | 1984 | 2003 |
| Year Franchised | 1996 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | 21 Minute Convenience Fitness | |
| Experience | Industry experience | |
Financing Options |
||
| Fitness Together | 21 Minute Convenience Fitness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Fitness Together | 21 Minute Convenience Fitness | |
| Training | Classroom Training: 40 hours | Internet |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks |
| Operations | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | 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 |
||
| Fitness Together | 21 Minute Convenience 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 | |
| Fitness Together | |
| 21 Minute Convenience Fitness | |
| Franchise Fee | |
| Fitness Together | |
| 21 Minute Convenience Fitness | |
| Royalty Fee | |
| Fitness Together | 6% |
| 21 Minute Convenience Fitness | 3% |
| Advertising Fee | |
| Fitness Together | 2% |
| 21 Minute Convenience Fitness | |
| Year Founded | |
| Fitness Together | 1984 |
| 21 Minute Convenience Fitness | 2003 |
| Year Franchised | |
| Fitness Together | 1996 |
| 21 Minute Convenience Fitness | 2005 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| 21 Minute Convenience Fitness | 10 years |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| 21 Minute Convenience Fitness | 25% of fran. fee |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| 21 Minute Convenience Fitness | |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| 21 Minute Convenience Fitness | No |
| Start-up Costs | |
| Fitness Together | |
| 21 Minute Convenience Fitness | |
| Equipment | |
| Fitness Together} | |
| 21 Minute Convenience Fitness | |
| Inventory | |
| Fitness Together | |
| 21 Minute Convenience Fitness | |
| Receivables | |
| Fitness Together | |
| 21 Minute Convenience Fitness | |
| Payroll | |
| Fitness Together | |
| 21 Minute Convenience Fitness | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| 21 Minute Convenience Fitness | Internet |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| Operations | |
| Fitness Together | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
| 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. |
Expansion Plans |
|
| US Expansion | |
| Fitness Together | 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 |
| 21 Minute Convenience Fitness | |
| Canada Expansion | |
| Fitness Together | |
| 21 Minute Convenience Fitness | |
| International Expansion | |
| Fitness Together | |
| 21 Minute Convenience Fitness | |