Start-Up Costs and Fees |
||
| Nexgym | HipKidz | |
| Investment | 213000 - 397000 | 250000 - 250000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 7% |
| Advertising Fee | ||
| Year Founded | 2005 | 2006 |
| Year Franchised | 2006 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nexgym | HipKidz | |
| Experience | ||
Financing Options |
||
| Nexgym | HipKidz | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | ||
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nexgym | HipKidz | |
| 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 |
||
| Nexgym | HipKidz | |
| 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Nexgym | |
| HipKidz | |
| Franchise Fee | |
| Nexgym | |
| HipKidz | |
| Royalty Fee | |
| Nexgym | 6% |
| HipKidz | 7% |
| Advertising Fee | |
| Nexgym | |
| HipKidz | |
| Year Founded | |
| Nexgym | 2005 |
| HipKidz | 2006 |
| Year Franchised | |
| Nexgym | 2006 |
| HipKidz | 2010 |
| Term Of Agreement | |
| Nexgym | 10 years |
| HipKidz | |
| Renewal Fee | |
| Nexgym | 25% of franchise fee |
| HipKidz | |
Business Experience Requirements |
|
| Experience | |
| Nexgym | |
| HipKidz | |
Financing Options |
|
| Franchise Fees | |
| Nexgym | No |
| HipKidz | No |
| Start-up Costs | |
| Nexgym | |
| HipKidz | |
| Equipment | |
| Nexgym} | |
| HipKidz | |
| Inventory | |
| Nexgym | |
| HipKidz | |
| Receivables | |
| Nexgym | |
| HipKidz | |
| Payroll | |
| Nexgym | |
| HipKidz | |
Training & Support |
|
| Training | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| HipKidz | |
| Support | |
| Nexgym | |
| HipKidz | |
| Marketing | |
| Nexgym | |
| HipKidz | |
| Operations | |
| 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) |
| HipKidz | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| HipKidz | |
| Canada Expansion | |
| Nexgym | |
| HipKidz | 0 |
| International Expansion | |
| Nexgym | |
| HipKidz | |