Start-Up Costs and Fees |
||
| Nexgym | National Youth Sports | |
| Investment | 213000 - 397000 | 52700 - 97200 |
| Franchise Fee | ||
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 2005 | 2000 |
| Year Franchised | 2006 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nexgym | National Youth Sports | |
| Experience | ||
Financing Options |
||
| Nexgym | National Youth Sports | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | ||
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nexgym | National Youth Sports | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | *2 weeks of training at the corporate offices *Up to 4 weeks of training once the franchised business is ready to open. |
| Support | ||
| Marketing | ||
| Operations | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Nexgym | National Youth Sports | |
| 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 | |
| Nexgym | |
| National Youth Sports | |
| Franchise Fee | |
| Nexgym | |
| National Youth Sports | |
| Royalty Fee | |
| Nexgym | 6% |
| National Youth Sports | 6% |
| Advertising Fee | |
| Nexgym | |
| National Youth Sports | 2% |
| Year Founded | |
| Nexgym | 2005 |
| National Youth Sports | 2000 |
| Year Franchised | |
| Nexgym | 2006 |
| National Youth Sports | 2012 |
| Term Of Agreement | |
| Nexgym | 10 years |
| National Youth Sports | |
| Renewal Fee | |
| Nexgym | 25% of franchise fee |
| National Youth Sports | |
Business Experience Requirements |
|
| Experience | |
| Nexgym | |
| National Youth Sports | |
Financing Options |
|
| Franchise Fees | |
| Nexgym | No |
| National Youth Sports | No |
| Start-up Costs | |
| Nexgym | |
| National Youth Sports | |
| Equipment | |
| Nexgym} | |
| National Youth Sports | |
| Inventory | |
| Nexgym | |
| National Youth Sports | |
| Receivables | |
| Nexgym | |
| National Youth Sports | |
| Payroll | |
| Nexgym | |
| National Youth Sports | |
Training & Support |
|
| Training | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| National Youth Sports | *2 weeks of training at the corporate offices *Up to 4 weeks of training once the franchised business is ready to open. |
| Support | |
| Nexgym | |
| National Youth Sports | |
| Marketing | |
| Nexgym | |
| National Youth Sports | |
| Operations | |
| Nexgym | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| National Youth Sports | |
Expansion Plans |
|
| US Expansion | |
| Nexgym | 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 |
| National Youth Sports | |
| Canada Expansion | |
| Nexgym | |
| National Youth Sports | |
| International Expansion | |
| Nexgym | |
| National Youth Sports | |