Start-Up Costs and Fees |
||
| House of Speed | 21 Minute Convenience Fitness | |
| Investment | 79500 - 999999 | 124500 - 195300 |
| Franchise Fee | 0 | |
| Royalty Fee | 10% | 3% |
| Advertising Fee | ||
| Year Founded | 1998 | 2003 |
| Year Franchised | 0 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| House of Speed | 21 Minute Convenience Fitness | |
| Experience | Extensive business training and sports performance training *Sales = Med *Network / Community Involvement = High *Wants to be involved in kids lives = High | |
Financing Options |
||
| House of Speed | 21 Minute Convenience Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| House of Speed | 21 Minute Convenience Fitness | |
| Training | 3-5 business days in Aurora, IL | Internet |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks | |
| Operations | Number of employees: *Business Manager/Owner *Head Athletic Trainer/Sales *Trainers | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| House of Speed | 21 Minute Convenience Fitness | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| House of Speed | |
| 21 Minute Convenience Fitness | |
| Franchise Fee | |
| House of Speed | |
| 21 Minute Convenience Fitness | |
| Royalty Fee | |
| House of Speed | 10% |
| 21 Minute Convenience Fitness | 3% |
| Advertising Fee | |
| House of Speed | |
| 21 Minute Convenience Fitness | |
| Year Founded | |
| House of Speed | 1998 |
| 21 Minute Convenience Fitness | 2003 |
| Year Franchised | |
| House of Speed | 0 |
| 21 Minute Convenience Fitness | 2005 |
| Term Of Agreement | |
| House of Speed | |
| 21 Minute Convenience Fitness | 10 years |
| Renewal Fee | |
| House of Speed | |
| 21 Minute Convenience Fitness | 25% of fran. fee |
Business Experience Requirements |
|
| Experience | |
| House of Speed | Extensive business training and sports performance training *Sales = Med *Network / Community Involvement = High *Wants to be involved in kids lives = High |
| 21 Minute Convenience Fitness | |
Financing Options |
|
| Franchise Fees | |
| House of Speed | |
| 21 Minute Convenience Fitness | |
| Start-up Costs | |
| House of Speed | |
| 21 Minute Convenience Fitness | |
| Equipment | |
| House of Speed} | |
| 21 Minute Convenience Fitness | |
| Inventory | |
| House of Speed | |
| 21 Minute Convenience Fitness | |
| Receivables | |
| House of Speed | |
| 21 Minute Convenience Fitness | |
| Payroll | |
| House of Speed | |
| 21 Minute Convenience Fitness | |
Training & Support |
|
| Training | |
| House of Speed | 3-5 business days in Aurora, IL |
| 21 Minute Convenience Fitness | Internet |
| Support | |
| House of Speed | |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| House of Speed | |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| Operations | |
| House of Speed | Number of employees: *Business Manager/Owner *Head Athletic Trainer/Sales *Trainers |
| 21 Minute Convenience Fitness | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| House of Speed | |
| 21 Minute Convenience Fitness | |
| Canada Expansion | |
| House of Speed | |
| 21 Minute Convenience Fitness | |
| International Expansion | |
| House of Speed | |
| 21 Minute Convenience Fitness | |