Start-Up Costs and Fees |
||
| Fitness Together | Hy-Tech Weight Loss | |
| Investment | 189162 - 328576 | 44100 - 117500 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1984 | 2004 |
| Year Franchised | 1996 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | Hy-Tech Weight Loss | |
| Experience | Industry experience | |
Financing Options |
||
| Fitness Together | Hy-Tech Weight Loss | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fitness Together | Hy-Tech Weight Loss | |
| Training | Classroom Training: 40 hours | |
| 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) | |
Expansion Plans |
||
| Fitness Together | Hy-Tech Weight Loss | |
| 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 | |
| Fitness Together | |
| Hy-Tech Weight Loss | |
| Franchise Fee | |
| Fitness Together | |
| Hy-Tech Weight Loss | |
| Royalty Fee | |
| Fitness Together | 6% |
| Hy-Tech Weight Loss | |
| Advertising Fee | |
| Fitness Together | 2% |
| Hy-Tech Weight Loss | |
| Year Founded | |
| Fitness Together | 1984 |
| Hy-Tech Weight Loss | 2004 |
| Year Franchised | |
| Fitness Together | 1996 |
| Hy-Tech Weight Loss | 2005 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| Hy-Tech Weight Loss | |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| Hy-Tech Weight Loss | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| Hy-Tech Weight Loss | |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| Hy-Tech Weight Loss | No |
| Start-up Costs | |
| Fitness Together | |
| Hy-Tech Weight Loss | |
| Equipment | |
| Fitness Together} | |
| Hy-Tech Weight Loss | |
| Inventory | |
| Fitness Together | |
| Hy-Tech Weight Loss | |
| Receivables | |
| Fitness Together | |
| Hy-Tech Weight Loss | |
| Payroll | |
| Fitness Together | |
| Hy-Tech Weight Loss | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| Hy-Tech Weight Loss | |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Hy-Tech Weight Loss | |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Hy-Tech Weight Loss | |
| 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) |
| Hy-Tech Weight Loss | |
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 |
| Hy-Tech Weight Loss | |
| Canada Expansion | |
| Fitness Together | |
| Hy-Tech Weight Loss | 0 |
| International Expansion | |
| Fitness Together | |
| Hy-Tech Weight Loss | |