Start-Up Costs and Fees |
||
| Fitness Together | Prime Time Boxing | |
| Investment | 189162 - 328576 | 119600 - 149250 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1984 | 1998 |
| Year Franchised | 1996 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | Prime Time Boxing | |
| Experience | Industry experience | |
Financing Options |
||
| Fitness Together | Prime Time Boxing | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fitness Together | Prime Time Boxing | |
| 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 | Prime Time Boxing | |
| 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 | |
| Prime Time Boxing | |
| Franchise Fee | |
| Fitness Together | |
| Prime Time Boxing | |
| Royalty Fee | |
| Fitness Together | 6% |
| Prime Time Boxing | 6% |
| Advertising Fee | |
| Fitness Together | 2% |
| Prime Time Boxing | |
| Year Founded | |
| Fitness Together | 1984 |
| Prime Time Boxing | 1998 |
| Year Franchised | |
| Fitness Together | 1996 |
| Prime Time Boxing | 2007 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| Prime Time Boxing | |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| Prime Time Boxing | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| Prime Time Boxing | |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| Prime Time Boxing | No |
| Start-up Costs | |
| Fitness Together | |
| Prime Time Boxing | |
| Equipment | |
| Fitness Together} | |
| Prime Time Boxing | |
| Inventory | |
| Fitness Together | |
| Prime Time Boxing | |
| Receivables | |
| Fitness Together | |
| Prime Time Boxing | |
| Payroll | |
| Fitness Together | |
| Prime Time Boxing | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| Prime Time Boxing | |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Prime Time Boxing | |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Prime Time Boxing | |
| 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) |
| Prime Time Boxing | |
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 |
| Prime Time Boxing | |
| Canada Expansion | |
| Fitness Together | |
| Prime Time Boxing | 0 |
| International Expansion | |
| Fitness Together | |
| Prime Time Boxing | |