Start-Up Costs and Fees |
||
| Iron Tribe Fitness | Beverly Hills Weight Loss and Wellness | |
| Investment | 300000 - 433500 | 64000 - 96000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 1% | |
| Year Founded | 2010 | 1988 |
| Year Franchised | 2012 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Iron Tribe Fitness | Beverly Hills Weight Loss and Wellness | |
| Experience | General business experience Marketing skills Sales experience | |
Financing Options |
||
| Iron Tribe Fitness | Beverly Hills Weight Loss and Wellness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Iron Tribe Fitness | Beverly Hills Weight Loss and Wellness | |
| Training | On-The-Job Training: 20 hours Additional Training: Online pre-training course | Ongoing training |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 5 | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Iron Tribe Fitness | Beverly Hills Weight Loss and Wellness | |
| 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 | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Franchise Fee | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Royalty Fee | |
| Iron Tribe Fitness | 6% |
| Beverly Hills Weight Loss and Wellness | 6% |
| Advertising Fee | |
| Iron Tribe Fitness | 1% |
| Beverly Hills Weight Loss and Wellness | |
| Year Founded | |
| Iron Tribe Fitness | 2010 |
| Beverly Hills Weight Loss and Wellness | 1988 |
| Year Franchised | |
| Iron Tribe Fitness | 2012 |
| Beverly Hills Weight Loss and Wellness | 1989 |
| Term Of Agreement | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | 5 years |
| Renewal Fee | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | |
Business Experience Requirements |
|
| Experience | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | General business experience Marketing skills Sales experience |
Financing Options |
|
| Franchise Fees | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Start-up Costs | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Equipment | |
| Iron Tribe Fitness} | |
| Beverly Hills Weight Loss and Wellness | |
| Inventory | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Receivables | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Payroll | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | |
Training & Support |
|
| Training | |
| Iron Tribe Fitness | On-The-Job Training: 20 hours Additional Training: Online pre-training course |
| Beverly Hills Weight Loss and Wellness | Ongoing training |
| Support | |
| Iron Tribe Fitness | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Beverly Hills Weight Loss and Wellness | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Iron Tribe Fitness | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Beverly Hills Weight Loss and Wellness | Co-op advertising, Ad slicks |
| Operations | |
| Iron Tribe Fitness | Absentee Ownership Allowed Number of Employees Required to Run: 5 |
| Beverly Hills Weight Loss and Wellness | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Iron Tribe Fitness | 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 |
| Beverly Hills Weight Loss and Wellness | |
| Canada Expansion | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| International Expansion | |
| Iron Tribe Fitness | |
| Beverly Hills Weight Loss and Wellness | |