Start-Up Costs and Fees |
||
| Nexgym | Stroller Strides | |
| Investment | 213000 - 397000 | 4009 - 17889 |
| Franchise Fee | ||
| Royalty Fee | 6% | $175-480/month+2% |
| Advertising Fee | ||
| Year Founded | 2005 | 2001 |
| Year Franchised | 2006 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nexgym | Stroller Strides | |
| Experience | ||
Financing Options |
||
| Nexgym | Stroller Strides | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Nexgym | Stroller Strides | |
| 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 | Stroller Strides | |
| 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 | |
| Stroller Strides | |
| Franchise Fee | |
| Nexgym | |
| Stroller Strides | |
| Royalty Fee | |
| Nexgym | 6% |
| Stroller Strides | $175-480/month+2% |
| Advertising Fee | |
| Nexgym | |
| Stroller Strides | |
| Year Founded | |
| Nexgym | 2005 |
| Stroller Strides | 2001 |
| Year Franchised | |
| Nexgym | 2006 |
| Stroller Strides | 2005 |
| Term Of Agreement | |
| Nexgym | 10 years |
| Stroller Strides | 2-6 years |
| Renewal Fee | |
| Nexgym | 25% of franchise fee |
| Stroller Strides | 20% of then current fee |
Business Experience Requirements |
|
| Experience | |
| Nexgym | |
| Stroller Strides | |
Financing Options |
|
| Franchise Fees | |
| Nexgym | No |
| Stroller Strides | No |
| Start-up Costs | |
| Nexgym | |
| Stroller Strides | |
| Equipment | |
| Nexgym} | |
| Stroller Strides | |
| Inventory | |
| Nexgym | |
| Stroller Strides | |
| Receivables | |
| Nexgym | |
| Stroller Strides | |
| Payroll | |
| Nexgym | |
| Stroller Strides | |
Training & Support |
|
| Training | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Stroller Strides | |
| Support | |
| Nexgym | |
| Stroller Strides | |
| Marketing | |
| Nexgym | |
| Stroller Strides | |
| 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) |
| Stroller Strides | |
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 |
| Stroller Strides | |
| Canada Expansion | |
| Nexgym | |
| Stroller Strides | 0 |
| International Expansion | |
| Nexgym | |
| Stroller Strides | |