Start-Up Costs and Fees |
||
| Hy-Tech Weight Loss | Fitness Together | |
| Investment | 44100 - 117500 | 189162 - 328576 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 2004 | 1984 |
| Year Franchised | 2005 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hy-Tech Weight Loss | Fitness Together | |
| Experience | Industry experience | |
Financing Options |
||
| Hy-Tech Weight Loss | Fitness Together | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hy-Tech Weight Loss | Fitness Together | |
| 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 |
||
| Hy-Tech Weight Loss | Fitness Together | |
| 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 | |
| Hy-Tech Weight Loss | |
| Fitness Together | |
| Franchise Fee | |
| Hy-Tech Weight Loss | |
| Fitness Together | |
| Royalty Fee | |
| Hy-Tech Weight Loss | |
| Fitness Together | 6% |
| Advertising Fee | |
| Hy-Tech Weight Loss | |
| Fitness Together | 2% |
| Year Founded | |
| Hy-Tech Weight Loss | 2004 |
| Fitness Together | 1984 |
| Year Franchised | |
| Hy-Tech Weight Loss | 2005 |
| Fitness Together | 1996 |
| Term Of Agreement | |
| Hy-Tech Weight Loss | |
| Fitness Together | 10 years |
| Renewal Fee | |
| Hy-Tech Weight Loss | |
| Fitness Together | 25% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Hy-Tech Weight Loss | |
| Fitness Together | Industry experience |
Financing Options |
|
| Franchise Fees | |
| Hy-Tech Weight Loss | |
| Fitness Together | |
| Start-up Costs | |
| Hy-Tech Weight Loss | |
| Fitness Together | |
| Equipment | |
| Hy-Tech Weight Loss} | |
| Fitness Together | |
| Inventory | |
| Hy-Tech Weight Loss | |
| Fitness Together | |
| Receivables | |
| Hy-Tech Weight Loss | |
| Fitness Together | |
| Payroll | |
| Hy-Tech Weight Loss | |
| Fitness Together | |
Training & Support |
|
| Training | |
| Hy-Tech Weight Loss | |
| Fitness Together | Classroom Training: 40 hours |
| Support | |
| Hy-Tech Weight Loss | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Hy-Tech Weight Loss | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Hy-Tech Weight Loss | |
| 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) |
Expansion Plans |
|
| US Expansion | |
| Hy-Tech Weight Loss | |
| 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 |
| Canada Expansion | |
| Hy-Tech Weight Loss | 0 |
| Fitness Together | |
| International Expansion | |
| Hy-Tech Weight Loss | |
| Fitness Together | |