Start-Up Costs and Fees |
||
| Healthy Inspirations | 21 Minute Convenience Fitness | |
| Investment | 75000 - 375000 | 124500 - 195300 |
| Franchise Fee | 0 | |
| Royalty Fee | $395/mo. | 3% |
| Advertising Fee | ||
| Year Founded | 2000 | 2003 |
| Year Franchised | 2004 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Healthy Inspirations | 21 Minute Convenience Fitness | |
| Experience | General business experience | |
Financing Options |
||
| Healthy Inspirations | 21 Minute Convenience Fitness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Healthy Inspirations | 21 Minute Convenience Fitness | |
| Training | Internet | |
| Support | Meetings, Toll-free phone line, Internet, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Ad slicks | Co-op advertising, Ad slicks |
| Operations | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | 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. |
Expansion Plans |
||
| Healthy Inspirations | 21 Minute Convenience Fitness | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Kansas, Louisiana, Massachusetts, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Healthy Inspirations | |
| 21 Minute Convenience Fitness | |
| Franchise Fee | |
| Healthy Inspirations | |
| 21 Minute Convenience Fitness | |
| Royalty Fee | |
| Healthy Inspirations | $395/mo. |
| 21 Minute Convenience Fitness | 3% |
| Advertising Fee | |
| Healthy Inspirations | |
| 21 Minute Convenience Fitness | |
| Year Founded | |
| Healthy Inspirations | 2000 |
| 21 Minute Convenience Fitness | 2003 |
| Year Franchised | |
| Healthy Inspirations | 2004 |
| 21 Minute Convenience Fitness | 2005 |
| Term Of Agreement | |
| Healthy Inspirations | 10 years |
| 21 Minute Convenience Fitness | 10 years |
| Renewal Fee | |
| Healthy Inspirations | $2.5K or 20% of franchise fee |
| 21 Minute Convenience Fitness | 25% of fran. fee |
Business Experience Requirements |
|
| Experience | |
| Healthy Inspirations | General business experience |
| 21 Minute Convenience Fitness | |
Financing Options |
|
| Franchise Fees | |
| Healthy Inspirations | No |
| 21 Minute Convenience Fitness | No |
| Start-up Costs | |
| Healthy Inspirations | |
| 21 Minute Convenience Fitness | |
| Equipment | |
| Healthy Inspirations} | |
| 21 Minute Convenience Fitness | |
| Inventory | |
| Healthy Inspirations | |
| 21 Minute Convenience Fitness | |
| Receivables | |
| Healthy Inspirations | |
| 21 Minute Convenience Fitness | |
| Payroll | |
| Healthy Inspirations | |
| 21 Minute Convenience Fitness | |
Training & Support |
|
| Training | |
| Healthy Inspirations | |
| 21 Minute Convenience Fitness | Internet |
| Support | |
| Healthy Inspirations | Meetings, Toll-free phone line, Internet, Field operations/evaluations |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Healthy Inspirations | Ad slicks |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| Operations | |
| Healthy Inspirations | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| 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. |
Expansion Plans |
|
| US Expansion | |
| Healthy Inspirations | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Kansas, Louisiana, Massachusetts, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, |
| 21 Minute Convenience Fitness | |
| Canada Expansion | |
| Healthy Inspirations | 0 |
| 21 Minute Convenience Fitness | |
| International Expansion | |
| Healthy Inspirations | |
| 21 Minute Convenience Fitness | |