Start-Up Costs and Fees |
||
| Fitness Together | Team Spirit Fitness Centers | |
| Investment | 189162 - 328576 | 69000 - 69000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1984 | 2002 |
| Year Franchised | 1996 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | Team Spirit Fitness Centers | |
| Experience | Industry experience | |
Financing Options |
||
| Fitness Together | Team Spirit Fitness Centers | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Fitness Together | Team Spirit Fitness Centers | |
| Training | Classroom Training: 40 hours | * Available at headquarters: 2 weeks * At franchisee's location: 5 days |
| 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) | * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
||
| Fitness Together | Team Spirit Fitness Centers | |
| 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 | |
| Team Spirit Fitness Centers | |
| Franchise Fee | |
| Fitness Together | |
| Team Spirit Fitness Centers | |
| Royalty Fee | |
| Fitness Together | 6% |
| Team Spirit Fitness Centers | 6% |
| Advertising Fee | |
| Fitness Together | 2% |
| Team Spirit Fitness Centers | |
| Year Founded | |
| Fitness Together | 1984 |
| Team Spirit Fitness Centers | 2002 |
| Year Franchised | |
| Fitness Together | 1996 |
| Team Spirit Fitness Centers | 2004 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| Team Spirit Fitness Centers | 5 years |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| Team Spirit Fitness Centers | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| Team Spirit Fitness Centers | |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| Team Spirit Fitness Centers | No |
| Start-up Costs | |
| Fitness Together | |
| Team Spirit Fitness Centers | |
| Equipment | |
| Fitness Together} | |
| Team Spirit Fitness Centers | |
| Inventory | |
| Fitness Together | |
| Team Spirit Fitness Centers | |
| Receivables | |
| Fitness Together | |
| Team Spirit Fitness Centers | |
| Payroll | |
| Fitness Together | |
| Team Spirit Fitness Centers | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| Team Spirit Fitness Centers | * Available at headquarters: 2 weeks * At franchisee's location: 5 days |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Team Spirit Fitness Centers | |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Team Spirit Fitness Centers | |
| 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) |
| Team Spirit Fitness Centers | * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is NOT allowed. |
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 |
| Team Spirit Fitness Centers | |
| Canada Expansion | |
| Fitness Together | |
| Team Spirit Fitness Centers | |
| International Expansion | |
| Fitness Together | |
| Team Spirit Fitness Centers | |