Start-Up Costs and Fees |
||
| ShapeXpress | Stretch U | |
| Investment | 89500 - 152000 | 49650 - 508306 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | 6% |
| Advertising Fee | 2% | |
| Year Founded | 2002 | 2010 |
| Year Franchised | 2003 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| ShapeXpress | Stretch U | |
| Experience | Marketing skills Sales skills, previous employee supervision skills | |
Financing Options |
||
| ShapeXpress | Stretch U | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| ShapeXpress | Stretch U | |
| Training | Ongoing | Between thirty (30) and sixty (60) days before your Unit Franchise opens for business, we provide our initial training program for Stretch U Unit Franchises to you, other members of your management team, and any agents you employ. The training program includes classroom instruction and Franchise operation and on-the-job training at either our headquarters in Oklahoma City, your Unit Franchise location, or any other location we designate, including:  Stretch Training Techniques  Basic Management BDP, & SOP training; financial and KPI training  Sales and marketing training  Software Training |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators) | |
Expansion Plans |
||
| ShapeXpress | Stretch U | |
| US Expansion | Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| ShapeXpress | |
| Stretch U | |
| Franchise Fee | |
| ShapeXpress | |
| Stretch U | |
| Royalty Fee | |
| ShapeXpress | Varies |
| Stretch U | 6% |
| Advertising Fee | |
| ShapeXpress | |
| Stretch U | 2% |
| Year Founded | |
| ShapeXpress | 2002 |
| Stretch U | 2010 |
| Year Franchised | |
| ShapeXpress | 2003 |
| Stretch U | 2012 |
| Term Of Agreement | |
| ShapeXpress | 10 years |
| Stretch U | |
| Renewal Fee | |
| ShapeXpress | $2.5K |
| Stretch U | |
Business Experience Requirements |
|
| Experience | |
| ShapeXpress | Marketing skills Sales skills, previous employee supervision skills |
| Stretch U | |
Financing Options |
|
| Franchise Fees | |
| ShapeXpress | No |
| Stretch U | No |
| Start-up Costs | |
| ShapeXpress | |
| Stretch U | |
| Equipment | |
| ShapeXpress} | |
| Stretch U | |
| Inventory | |
| ShapeXpress | |
| Stretch U | |
| Receivables | |
| ShapeXpress | |
| Stretch U | |
| Payroll | |
| ShapeXpress | |
| Stretch U | |
Training & Support |
|
| Training | |
| ShapeXpress | Ongoing |
| Stretch U | Between thirty (30) and sixty (60) days before your Unit Franchise opens for business, we provide our initial training program for Stretch U Unit Franchises to you, other members of your management team, and any agents you employ. The training program includes classroom instruction and Franchise operation and on-the-job training at either our headquarters in Oklahoma City, your Unit Franchise location, or any other location we designate, including:  Stretch Training Techniques  Basic Management BDP, & SOP training; financial and KPI training  Sales and marketing training  Software Training |
| Support | |
| ShapeXpress | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Stretch U | |
| Marketing | |
| ShapeXpress | Co-op advertising, Ad slicks, Regional advertising |
| Stretch U | |
| Operations | |
| ShapeXpress | Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators) |
| Stretch U | |
Expansion Plans |
|
| US Expansion | |
| ShapeXpress | |
| Stretch U | Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming |
| Canada Expansion | |
| ShapeXpress | |
| Stretch U | |
| International Expansion | |
| ShapeXpress | |
| Stretch U | |