Start-Up Costs and Fees |
||
| Nexgym | Taste Buds Kitchen | |
| Investment | 213000 - 397000 | 302195 - 375225 |
| Franchise Fee | ||
| Royalty Fee | 6% | 9% |
| Advertising Fee | 1% | |
| Year Founded | 2005 | 2013 |
| Year Franchised | 2006 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nexgym | Taste Buds Kitchen | |
| Experience | ||
Financing Options |
||
| Nexgym | Taste Buds Kitchen | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | ||
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nexgym | Taste Buds Kitchen | |
| 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 | Taste Buds Kitchen | |
| 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 | |
| Taste Buds Kitchen | |
| Franchise Fee | |
| Nexgym | |
| Taste Buds Kitchen | |
| Royalty Fee | |
| Nexgym | 6% |
| Taste Buds Kitchen | 9% |
| Advertising Fee | |
| Nexgym | |
| Taste Buds Kitchen | 1% |
| Year Founded | |
| Nexgym | 2005 |
| Taste Buds Kitchen | 2013 |
| Year Franchised | |
| Nexgym | 2006 |
| Taste Buds Kitchen | 2013 |
| Term Of Agreement | |
| Nexgym | 10 years |
| Taste Buds Kitchen | |
| Renewal Fee | |
| Nexgym | 25% of franchise fee |
| Taste Buds Kitchen | |
Business Experience Requirements |
|
| Experience | |
| Nexgym | |
| Taste Buds Kitchen | |
Financing Options |
|
| Franchise Fees | |
| Nexgym | No |
| Taste Buds Kitchen | No |
| Start-up Costs | |
| Nexgym | |
| Taste Buds Kitchen | |
| Equipment | |
| Nexgym} | |
| Taste Buds Kitchen | |
| Inventory | |
| Nexgym | |
| Taste Buds Kitchen | |
| Receivables | |
| Nexgym | |
| Taste Buds Kitchen | |
| Payroll | |
| Nexgym | |
| Taste Buds Kitchen | |
Training & Support |
|
| Training | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Taste Buds Kitchen | |
| Support | |
| Nexgym | |
| Taste Buds Kitchen | |
| Marketing | |
| Nexgym | |
| Taste Buds Kitchen | |
| 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) |
| Taste Buds Kitchen | |
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 |
| Taste Buds Kitchen | 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 | |
| Taste Buds Kitchen | |
| International Expansion | |
| Nexgym | |
| Taste Buds Kitchen | |