Start-Up Costs and Fees |
||
| Nexgym | Parker-Anderson Enrichment | |
| Investment | 213000 - 397000 | 15980 - 81100 |
| Franchise Fee | ||
| Royalty Fee | 6% | 8% |
| Advertising Fee | ||
| Year Founded | 2005 | 2005 |
| Year Franchised | 2006 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nexgym | Parker-Anderson Enrichment | |
| Experience | ||
Financing Options |
||
| Nexgym | Parker-Anderson Enrichment | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | ||
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nexgym | Parker-Anderson Enrichment | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | On-The-Job Training: 2-6 hours Classroom Training: 18-22 hours Additional Training: Oline training |
| Support | Meetings/Conventions Toll-Free Line Online Support | |
| Marketing | National Media Website development | |
| 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: 1 - 4 |
Expansion Plans |
||
| Nexgym | Parker-Anderson Enrichment | |
| 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 | |
| Parker-Anderson Enrichment | |
| Franchise Fee | |
| Nexgym | |
| Parker-Anderson Enrichment | |
| Royalty Fee | |
| Nexgym | 6% |
| Parker-Anderson Enrichment | 8% |
| Advertising Fee | |
| Nexgym | |
| Parker-Anderson Enrichment | |
| Year Founded | |
| Nexgym | 2005 |
| Parker-Anderson Enrichment | 2005 |
| Year Franchised | |
| Nexgym | 2006 |
| Parker-Anderson Enrichment | 2014 |
| Term Of Agreement | |
| Nexgym | 10 years |
| Parker-Anderson Enrichment | |
| Renewal Fee | |
| Nexgym | 25% of franchise fee |
| Parker-Anderson Enrichment | |
Business Experience Requirements |
|
| Experience | |
| Nexgym | |
| Parker-Anderson Enrichment | |
Financing Options |
|
| Franchise Fees | |
| Nexgym | No |
| Parker-Anderson Enrichment | No |
| Start-up Costs | |
| Nexgym | |
| Parker-Anderson Enrichment | |
| Equipment | |
| Nexgym} | |
| Parker-Anderson Enrichment | |
| Inventory | |
| Nexgym | |
| Parker-Anderson Enrichment | |
| Receivables | |
| Nexgym | |
| Parker-Anderson Enrichment | |
| Payroll | |
| Nexgym | |
| Parker-Anderson Enrichment | |
Training & Support |
|
| Training | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Parker-Anderson Enrichment | On-The-Job Training: 2-6 hours Classroom Training: 18-22 hours Additional Training: Oline training |
| Support | |
| Nexgym | |
| Parker-Anderson Enrichment | Meetings/Conventions Toll-Free Line Online Support |
| Marketing | |
| Nexgym | |
| Parker-Anderson Enrichment | National Media Website development |
| 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) |
| Parker-Anderson Enrichment | Number of Employees Required to Run: 1 - 4 |
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 |
| Parker-Anderson Enrichment | 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 | |
| Parker-Anderson Enrichment | |
| International Expansion | |
| Nexgym | |
| Parker-Anderson Enrichment | |