Start-Up Costs and Fees |
||
| Fitness Together | Slender Lady | |
| Investment | 189162 - 328576 | 50000 - 50000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | $395/495/mo. |
| Advertising Fee | 2% | |
| Year Founded | 1984 | 1996 |
| Year Franchised | 1996 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | Slender Lady | |
| Experience | Industry experience | |
Financing Options |
||
| Fitness Together | Slender Lady | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Fitness Together | Slender Lady | |
| Training | Classroom Training: 40 hours | |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, 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, Regional advertising |
| 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) | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
||
| Fitness Together | Slender Lady | |
| 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 | |
| Slender Lady | |
| Franchise Fee | |
| Fitness Together | |
| Slender Lady | |
| Royalty Fee | |
| Fitness Together | 6% |
| Slender Lady | $395/495/mo. |
| Advertising Fee | |
| Fitness Together | 2% |
| Slender Lady | |
| Year Founded | |
| Fitness Together | 1984 |
| Slender Lady | 1996 |
| Year Franchised | |
| Fitness Together | 1996 |
| Slender Lady | 1997 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| Slender Lady | 7 years |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| Slender Lady | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| Slender Lady | |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| Slender Lady | No |
| Start-up Costs | |
| Fitness Together | |
| Slender Lady | |
| Equipment | |
| Fitness Together} | |
| Slender Lady | |
| Inventory | |
| Fitness Together | |
| Slender Lady | |
| Receivables | |
| Fitness Together | |
| Slender Lady | |
| Payroll | |
| Fitness Together | |
| Slender Lady | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| Slender Lady | |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Slender Lady | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, 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 |
| Slender Lady | Co-op advertising, Ad slicks, National media, Regional advertising |
| 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) |
| Slender Lady | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
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 |
| Slender Lady | |
| Canada Expansion | |
| Fitness Together | |
| Slender Lady | |
| International Expansion | |
| Fitness Together | |
| Slender Lady | |