Start-Up Costs and Fees |
||
| Nexgym | Monkey Bizness | |
| Investment | 213000 - 397000 | 350000 - 585000 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | ||
| Year Founded | 2005 | 2003 |
| Year Franchised | 2006 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nexgym | Monkey Bizness | |
| Experience | ||
Financing Options |
||
| Nexgym | Monkey Bizness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | ||
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nexgym | Monkey Bizness | |
| 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 | Monkey Bizness | |
| 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 | |
| Monkey Bizness | |
| Franchise Fee | |
| Nexgym | |
| Monkey Bizness | |
| Royalty Fee | |
| Nexgym | 6% |
| Monkey Bizness | |
| Advertising Fee | |
| Nexgym | |
| Monkey Bizness | |
| Year Founded | |
| Nexgym | 2005 |
| Monkey Bizness | 2003 |
| Year Franchised | |
| Nexgym | 2006 |
| Monkey Bizness | 2006 |
| Term Of Agreement | |
| Nexgym | 10 years |
| Monkey Bizness | |
| Renewal Fee | |
| Nexgym | 25% of franchise fee |
| Monkey Bizness | |
Business Experience Requirements |
|
| Experience | |
| Nexgym | |
| Monkey Bizness | |
Financing Options |
|
| Franchise Fees | |
| Nexgym | No |
| Monkey Bizness | No |
| Start-up Costs | |
| Nexgym | |
| Monkey Bizness | |
| Equipment | |
| Nexgym} | |
| Monkey Bizness | |
| Inventory | |
| Nexgym | |
| Monkey Bizness | |
| Receivables | |
| Nexgym | |
| Monkey Bizness | |
| Payroll | |
| Nexgym | |
| Monkey Bizness | |
Training & Support |
|
| Training | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Monkey Bizness | |
| Support | |
| Nexgym | |
| Monkey Bizness | |
| Marketing | |
| Nexgym | |
| Monkey Bizness | |
| 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) |
| Monkey Bizness | |
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 |
| Monkey Bizness | |
| Canada Expansion | |
| Nexgym | |
| Monkey Bizness | 0 |
| International Expansion | |
| Nexgym | |
| Monkey Bizness | |