Start-Up Costs and Fees |
||
| Fitness Together | Koko FitClub | |
| Investment | 189162 - 328576 | 185260 - 396312 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1984 | 0 |
| Year Franchised | 1996 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | Koko FitClub | |
| Experience | Industry experience | |
Financing Options |
||
| Fitness Together | Koko FitClub | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fitness Together | Koko FitClub | |
| 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 | Koko FitClub | |
| 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 | |
| Koko FitClub | |
| Franchise Fee | |
| Fitness Together | |
| Koko FitClub | |
| Royalty Fee | |
| Fitness Together | 6% |
| Koko FitClub | |
| Advertising Fee | |
| Fitness Together | 2% |
| Koko FitClub | |
| Year Founded | |
| Fitness Together | 1984 |
| Koko FitClub | 0 |
| Year Franchised | |
| Fitness Together | 1996 |
| Koko FitClub | 0 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| Koko FitClub | |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| Koko FitClub | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| Koko FitClub | |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| Koko FitClub | No |
| Start-up Costs | |
| Fitness Together | |
| Koko FitClub | |
| Equipment | |
| Fitness Together} | |
| Koko FitClub | |
| Inventory | |
| Fitness Together | |
| Koko FitClub | |
| Receivables | |
| Fitness Together | |
| Koko FitClub | |
| Payroll | |
| Fitness Together | |
| Koko FitClub | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| Koko FitClub | |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Koko FitClub | |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Koko FitClub | |
| 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) |
| Koko FitClub | |
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 |
| Koko FitClub | |
| Canada Expansion | |
| Fitness Together | |
| Koko FitClub | |
| International Expansion | |
| Fitness Together | |
| Koko FitClub | |