Start-Up Costs and Fees |
||
| Fitness Together | IM=X Pilates Studio | |
| Investment | 189162 - 328576 | 66000 - 150000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | Varies |
| Advertising Fee | 2% | |
| Year Founded | 1984 | 1994 |
| Year Franchised | 1996 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | IM=X Pilates Studio | |
| Experience | Industry experience | Industry experience |
Financing Options |
||
| Fitness Together | IM=X Pilates Studio | |
| 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 | IM=X Pilates Studio | |
| Training | Classroom Training: 40 hours | |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks, National media |
| 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 | IM=X Pilates 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Fitness Together | |
| IM=X Pilates Studio | |
| Franchise Fee | |
| Fitness Together | |
| IM=X Pilates Studio | |
| Royalty Fee | |
| Fitness Together | 6% |
| IM=X Pilates Studio | Varies |
| Advertising Fee | |
| Fitness Together | 2% |
| IM=X Pilates Studio | |
| Year Founded | |
| Fitness Together | 1984 |
| IM=X Pilates Studio | 1994 |
| Year Franchised | |
| Fitness Together | 1996 |
| IM=X Pilates Studio | 2003 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| IM=X Pilates Studio | 10 years |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| IM=X Pilates Studio | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| IM=X Pilates Studio | Industry experience |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| IM=X Pilates Studio | No |
| Start-up Costs | |
| Fitness Together | |
| IM=X Pilates Studio | |
| Equipment | |
| Fitness Together} | |
| IM=X Pilates Studio | |
| Inventory | |
| Fitness Together | |
| IM=X Pilates Studio | |
| Receivables | |
| Fitness Together | |
| IM=X Pilates Studio | |
| Payroll | |
| Fitness Together | |
| IM=X Pilates Studio | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| IM=X Pilates Studio | |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| IM=X Pilates Studio | Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| IM=X Pilates Studio | Co-op advertising, Ad slicks, National media |
| 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) |
| IM=X Pilates Studio | |
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 |
| IM=X Pilates Studio | |
| Canada Expansion | |
| Fitness Together | |
| IM=X Pilates Studio | |
| International Expansion | |
| Fitness Together | |
| IM=X Pilates Studio | |