Start-Up Costs and Fees |
||
| Fitness Together | Beverly Hills Weight Loss and Wellness | |
| Investment | 189162 - 328576 | 64000 - 96000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1984 | 1988 |
| Year Franchised | 1996 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | Beverly Hills Weight Loss and Wellness | |
| Experience | Industry experience | General business experience Marketing skills Sales experience |
Financing Options |
||
| Fitness Together | Beverly Hills Weight Loss and Wellness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Fitness Together | Beverly Hills Weight Loss and Wellness | |
| Training | Classroom Training: 40 hours | Ongoing training |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Toll-free phone line, Grand opening, Internet, 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) | 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) |
Expansion Plans |
||
| Fitness Together | Beverly Hills Weight Loss and Wellness | |
| 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 | |
| Beverly Hills Weight Loss and Wellness | |
| Franchise Fee | |
| Fitness Together | |
| Beverly Hills Weight Loss and Wellness | |
| Royalty Fee | |
| Fitness Together | 6% |
| Beverly Hills Weight Loss and Wellness | 6% |
| Advertising Fee | |
| Fitness Together | 2% |
| Beverly Hills Weight Loss and Wellness | |
| Year Founded | |
| Fitness Together | 1984 |
| Beverly Hills Weight Loss and Wellness | 1988 |
| Year Franchised | |
| Fitness Together | 1996 |
| Beverly Hills Weight Loss and Wellness | 1989 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| Beverly Hills Weight Loss and Wellness | 5 years |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| Beverly Hills Weight Loss and Wellness | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| Beverly Hills Weight Loss and Wellness | General business experience Marketing skills Sales experience |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| Beverly Hills Weight Loss and Wellness | No |
| Start-up Costs | |
| Fitness Together | |
| Beverly Hills Weight Loss and Wellness | |
| Equipment | |
| Fitness Together} | |
| Beverly Hills Weight Loss and Wellness | |
| Inventory | |
| Fitness Together | |
| Beverly Hills Weight Loss and Wellness | |
| Receivables | |
| Fitness Together | |
| Beverly Hills Weight Loss and Wellness | |
| Payroll | |
| Fitness Together | |
| Beverly Hills Weight Loss and Wellness | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| Beverly Hills Weight Loss and Wellness | Ongoing training |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Beverly Hills Weight Loss and Wellness | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Beverly Hills Weight Loss and Wellness | 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) |
| 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) |
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 |
| Beverly Hills Weight Loss and Wellness | |
| Canada Expansion | |
| Fitness Together | |
| Beverly Hills Weight Loss and Wellness | |
| International Expansion | |
| Fitness Together | |
| Beverly Hills Weight Loss and Wellness | |