Start-Up Costs and Fees |
||
| 21 Minute Convenience Fitness | Fitness Together | |
| Investment | 124500 - 195300 | 189162 - 328576 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 3% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 2003 | 1984 |
| Year Franchised | 2005 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| 21 Minute Convenience Fitness | Fitness Together | |
| Experience | Industry experience | |
Financing Options |
||
| 21 Minute Convenience Fitness | Fitness Together | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| 21 Minute Convenience Fitness | Fitness Together | |
| Training | Internet | Classroom Training: 40 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. | 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 |
||
| 21 Minute Convenience Fitness | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| 21 Minute Convenience Fitness | |
| Fitness Together | |
| Franchise Fee | |
| 21 Minute Convenience Fitness | |
| Fitness Together | |
| Royalty Fee | |
| 21 Minute Convenience Fitness | 3% |
| Fitness Together | 6% |
| Advertising Fee | |
| 21 Minute Convenience Fitness | |
| Fitness Together | 2% |
| Year Founded | |
| 21 Minute Convenience Fitness | 2003 |
| Fitness Together | 1984 |
| Year Franchised | |
| 21 Minute Convenience Fitness | 2005 |
| Fitness Together | 1996 |
| Term Of Agreement | |
| 21 Minute Convenience Fitness | 10 years |
| Fitness Together | 10 years |
| Renewal Fee | |
| 21 Minute Convenience Fitness | 25% of fran. fee |
| Fitness Together | 25% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| 21 Minute Convenience Fitness | |
| Fitness Together | Industry experience |
Financing Options |
|
| Franchise Fees | |
| 21 Minute Convenience Fitness | No |
| Fitness Together | No |
| Start-up Costs | |
| 21 Minute Convenience Fitness | |
| Fitness Together | |
| Equipment | |
| 21 Minute Convenience Fitness} | |
| Fitness Together | |
| Inventory | |
| 21 Minute Convenience Fitness | |
| Fitness Together | |
| Receivables | |
| 21 Minute Convenience Fitness | |
| Fitness Together | |
| Payroll | |
| 21 Minute Convenience Fitness | |
| Fitness Together | |
Training & Support |
|
| Training | |
| 21 Minute Convenience Fitness | Internet |
| Fitness Together | Classroom Training: 40 hours |
| Support | |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| 21 Minute Convenience Fitness | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. |
| 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 | |
| 21 Minute Convenience Fitness | |
| 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 | |
| 21 Minute Convenience Fitness | |
| Fitness Together | |
| International Expansion | |
| 21 Minute Convenience Fitness | |
| Fitness Together | |