Start-Up Costs and Fees |
||
| Pump It Up | Nexgym | |
| Investment | 254000 - 708000 | 213000 - 397000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 6% |
| Advertising Fee | ||
| Year Founded | 2000 | 2005 |
| Year Franchised | 2001 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Pump It Up | Nexgym | |
| Experience | ||
Financing Options |
||
| Pump It Up | Nexgym | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Pump It Up | Nexgym | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | |
| 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 |
||
| Pump It Up | Nexgym | |
| 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 | |
| Pump It Up | |
| Nexgym | |
| Franchise Fee | |
| Pump It Up | |
| Nexgym | |
| Royalty Fee | |
| Pump It Up | 6% |
| Nexgym | 6% |
| Advertising Fee | |
| Pump It Up | |
| Nexgym | |
| Year Founded | |
| Pump It Up | 2000 |
| Nexgym | 2005 |
| Year Franchised | |
| Pump It Up | 2001 |
| Nexgym | 2006 |
| Term Of Agreement | |
| Pump It Up | 10 years |
| Nexgym | 10 years |
| Renewal Fee | |
| Pump It Up | |
| Nexgym | 25% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| Pump It Up | |
| Nexgym | |
Financing Options |
|
| Franchise Fees | |
| Pump It Up | No |
| Nexgym | No |
| Start-up Costs | |
| Pump It Up | |
| Nexgym | |
| Equipment | |
| Pump It Up} | |
| Nexgym | |
| Inventory | |
| Pump It Up | |
| Nexgym | |
| Receivables | |
| Pump It Up | |
| Nexgym | |
| Payroll | |
| Pump It Up | |
| Nexgym | |
Training & Support |
|
| Training | |
| Pump It Up | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Support | |
| Pump It Up | |
| Nexgym | |
| Marketing | |
| Pump It Up | |
| Nexgym | |
| Operations | |
| Pump It Up | |
| 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) |
Expansion Plans |
|
| US Expansion | |
| Pump It Up | |
| 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 |
| Canada Expansion | |
| Pump It Up | 0 |
| Nexgym | |
| International Expansion | |
| Pump It Up | |
| Nexgym | |