Start-Up Costs and Fees |
||
| Fitness Together | House of Speed | |
| Investment | 189162 - 328576 | 79500 - 999999 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 10% |
| Advertising Fee | 2% | |
| Year Founded | 1984 | 1998 |
| Year Franchised | 1996 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | House of Speed | |
| Experience | Industry experience | Extensive business training and sports performance training *Sales = Med *Network / Community Involvement = High *Wants to be involved in kids lives = High |
Financing Options |
||
| Fitness Together | House of Speed | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fitness Together | House of Speed | |
| Training | Classroom Training: 40 hours | 3-5 business days in Aurora, IL |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| 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) | Number of employees: *Business Manager/Owner *Head Athletic Trainer/Sales *Trainers |
Expansion Plans |
||
| Fitness Together | House of Speed | |
| 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 | |
| House of Speed | |
| Franchise Fee | |
| Fitness Together | |
| House of Speed | |
| Royalty Fee | |
| Fitness Together | 6% |
| House of Speed | 10% |
| Advertising Fee | |
| Fitness Together | 2% |
| House of Speed | |
| Year Founded | |
| Fitness Together | 1984 |
| House of Speed | 1998 |
| Year Franchised | |
| Fitness Together | 1996 |
| House of Speed | 0 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| House of Speed | |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| House of Speed | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| House of Speed | Extensive business training and sports performance training *Sales = Med *Network / Community Involvement = High *Wants to be involved in kids lives = High |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| House of Speed | No |
| Start-up Costs | |
| Fitness Together | |
| House of Speed | |
| Equipment | |
| Fitness Together} | |
| House of Speed | |
| Inventory | |
| Fitness Together | |
| House of Speed | |
| Receivables | |
| Fitness Together | |
| House of Speed | |
| Payroll | |
| Fitness Together | |
| House of Speed | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| House of Speed | 3-5 business days in Aurora, IL |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| House of Speed | |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| House of Speed | |
| 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) |
| House of Speed | Number of employees: *Business Manager/Owner *Head Athletic Trainer/Sales *Trainers |
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 |
| House of Speed | |
| Canada Expansion | |
| Fitness Together | |
| House of Speed | |
| International Expansion | |
| Fitness Together | |
| House of Speed | |