Start-Up Costs and Fees |
||
| Nexgym | Kidcreate Studio | |
| Investment | 213000 - 397000 | 108860 - 261350 |
| Franchise Fee | ||
| Royalty Fee | 6% | 8% |
| Advertising Fee | 1% | |
| Year Founded | 2005 | 2007 |
| Year Franchised | 2006 | 2016 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nexgym | Kidcreate Studio | |
| Experience | ||
Financing Options |
||
| Nexgym | Kidcreate Studio | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | ||
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nexgym | Kidcreate Studio | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | On-The-Job Training: 73 hours Classroom Training: 38 hours Additional Training: As needed |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| 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) | Number of Employees Required to Run: 4 - 12 |
Expansion Plans |
||
| Nexgym | Kidcreate Studio | |
| 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 | 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 | |
| Nexgym | |
| Kidcreate Studio | |
| Franchise Fee | |
| Nexgym | |
| Kidcreate Studio | |
| Royalty Fee | |
| Nexgym | 6% |
| Kidcreate Studio | 8% |
| Advertising Fee | |
| Nexgym | |
| Kidcreate Studio | 1% |
| Year Founded | |
| Nexgym | 2005 |
| Kidcreate Studio | 2007 |
| Year Franchised | |
| Nexgym | 2006 |
| Kidcreate Studio | 2016 |
| Term Of Agreement | |
| Nexgym | 10 years |
| Kidcreate Studio | |
| Renewal Fee | |
| Nexgym | 25% of franchise fee |
| Kidcreate Studio | |
Business Experience Requirements |
|
| Experience | |
| Nexgym | |
| Kidcreate Studio | |
Financing Options |
|
| Franchise Fees | |
| Nexgym | No |
| Kidcreate Studio | No |
| Start-up Costs | |
| Nexgym | |
| Kidcreate Studio | |
| Equipment | |
| Nexgym} | |
| Kidcreate Studio | |
| Inventory | |
| Nexgym | |
| Kidcreate Studio | |
| Receivables | |
| Nexgym | |
| Kidcreate Studio | |
| Payroll | |
| Nexgym | |
| Kidcreate Studio | |
Training & Support |
|
| Training | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Kidcreate Studio | On-The-Job Training: 73 hours Classroom Training: 38 hours Additional Training: As needed |
| Support | |
| Nexgym | |
| Kidcreate Studio | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Nexgym | |
| Kidcreate Studio | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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) |
| Kidcreate Studio | Number of Employees Required to Run: 4 - 12 |
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 |
| Kidcreate Studio | 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 | |
| Nexgym | |
| Kidcreate Studio | |
| International Expansion | |
| Nexgym | |
| Kidcreate Studio | |