Start-Up Costs and Fees |
||
| Fitness Together | Metro 24/7 Fitness | |
| Investment | 189162 - 328576 | 200000 - 410000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1984 | 2004 |
| Year Franchised | 1996 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | Metro 24/7 Fitness | |
| Experience | Industry experience | |
Financing Options |
||
| Fitness Together | Metro 24/7 Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fitness Together | Metro 24/7 Fitness | |
| Training | Classroom Training: 40 hours | Yes |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Yes |
| 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 | Metro 24/7 Fitness | |
| 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 | |
| Metro 24/7 Fitness | |
| Franchise Fee | |
| Fitness Together | |
| Metro 24/7 Fitness | |
| Royalty Fee | |
| Fitness Together | 6% |
| Metro 24/7 Fitness | |
| Advertising Fee | |
| Fitness Together | 2% |
| Metro 24/7 Fitness | |
| Year Founded | |
| Fitness Together | 1984 |
| Metro 24/7 Fitness | 2004 |
| Year Franchised | |
| Fitness Together | 1996 |
| Metro 24/7 Fitness | 2009 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| Metro 24/7 Fitness | |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| Metro 24/7 Fitness | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| Metro 24/7 Fitness | |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| Metro 24/7 Fitness | No |
| Start-up Costs | |
| Fitness Together | |
| Metro 24/7 Fitness | |
| Equipment | |
| Fitness Together} | |
| Metro 24/7 Fitness | |
| Inventory | |
| Fitness Together | |
| Metro 24/7 Fitness | |
| Receivables | |
| Fitness Together | |
| Metro 24/7 Fitness | |
| Payroll | |
| Fitness Together | |
| Metro 24/7 Fitness | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| Metro 24/7 Fitness | Yes |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Metro 24/7 Fitness | Yes |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Metro 24/7 Fitness | |
| 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) |
| Metro 24/7 Fitness | |
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 |
| Metro 24/7 Fitness | |
| Canada Expansion | |
| Fitness Together | |
| Metro 24/7 Fitness | |
| International Expansion | |
| Fitness Together | |
| Metro 24/7 Fitness | |