Start-Up Costs and Fees |
||
| Young Masters | Nexgym | |
| Investment | 10000 - 28275 | 213000 - 397000 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | ||
| Year Founded | 2005 | 2005 |
| Year Franchised | 2008 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Young Masters | Nexgym | |
| Experience | ||
Financing Options |
||
| Young Masters | Nexgym | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | ||
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Young Masters | 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 |
||
| Young Masters | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Young Masters | |
| Nexgym | |
| Franchise Fee | |
| Young Masters | |
| Nexgym | |
| Royalty Fee | |
| Young Masters | |
| Nexgym | 6% |
| Advertising Fee | |
| Young Masters | |
| Nexgym | |
| Year Founded | |
| Young Masters | 2005 |
| Nexgym | 2005 |
| Year Franchised | |
| Young Masters | 2008 |
| Nexgym | 2006 |
| Term Of Agreement | |
| Young Masters | |
| Nexgym | 10 years |
| Renewal Fee | |
| Young Masters | |
| Nexgym | 25% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| Young Masters | |
| Nexgym | |
Financing Options |
|
| Franchise Fees | |
| Young Masters | |
| Nexgym | |
| Start-up Costs | |
| Young Masters | |
| Nexgym | |
| Equipment | |
| Young Masters} | |
| Nexgym | |
| Inventory | |
| Young Masters | |
| Nexgym | |
| Receivables | |
| Young Masters | |
| Nexgym | |
| Payroll | |
| Young Masters | |
| Nexgym | |
Training & Support |
|
| Training | |
| Young Masters | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Support | |
| Young Masters | |
| Nexgym | |
| Marketing | |
| Young Masters | |
| Nexgym | |
| Operations | |
| Young Masters | |
| 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 | |
| Young Masters | |
| 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 | |
| Young Masters | |
| Nexgym | |
| International Expansion | |
| Young Masters | |
| Nexgym | |