Start-Up Costs and Fees |
||
| Fitness Together | Precision Fitness | |
| Investment | 189162 - 328576 | 87550 - 107000 |
| 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 | Precision Fitness | |
| Experience | Industry experience | |
Financing Options |
||
| Fitness Together | Precision Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fitness Together | Precision Fitness | |
| 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 | Precision 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 | |
| Precision Fitness | |
| Franchise Fee | |
| Fitness Together | |
| Precision Fitness | |
| Royalty Fee | |
| Fitness Together | 6% |
| Precision Fitness | |
| Advertising Fee | |
| Fitness Together | 2% |
| Precision Fitness | |
| Year Founded | |
| Fitness Together | 1984 |
| Precision Fitness | 0 |
| Year Franchised | |
| Fitness Together | 1996 |
| Precision Fitness | 0 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| Precision Fitness | |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| Precision Fitness | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| Precision Fitness | |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| Precision Fitness | No |
| Start-up Costs | |
| Fitness Together | |
| Precision Fitness | |
| Equipment | |
| Fitness Together} | |
| Precision Fitness | |
| Inventory | |
| Fitness Together | |
| Precision Fitness | |
| Receivables | |
| Fitness Together | |
| Precision Fitness | |
| Payroll | |
| Fitness Together | |
| Precision Fitness | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| Precision Fitness | |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Precision Fitness | |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Precision 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) |
| Precision 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 |
| Precision Fitness | |
| Canada Expansion | |
| Fitness Together | |
| Precision Fitness | |
| International Expansion | |
| Fitness Together | |
| Precision Fitness | |