Start-Up Costs and Fees |
||
| Nexgym | The Painted Penguin | |
| Investment | 213000 - 397000 | 35000 - 999999 |
| Franchise Fee | ||
| Royalty Fee | 6% | 6% |
| Advertising Fee | ||
| Year Founded | 2005 | 0 |
| Year Franchised | 2006 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nexgym | The Painted Penguin | |
| Experience | ||
Financing Options |
||
| Nexgym | The Painted Penguin | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | ||
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nexgym | The Painted Penguin | |
| 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 | The Painted Penguin | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Nexgym | |
| The Painted Penguin | |
| Franchise Fee | |
| Nexgym | |
| The Painted Penguin | |
| Royalty Fee | |
| Nexgym | 6% |
| The Painted Penguin | 6% |
| Advertising Fee | |
| Nexgym | |
| The Painted Penguin | |
| Year Founded | |
| Nexgym | 2005 |
| The Painted Penguin | 0 |
| Year Franchised | |
| Nexgym | 2006 |
| The Painted Penguin | 0 |
| Term Of Agreement | |
| Nexgym | 10 years |
| The Painted Penguin | |
| Renewal Fee | |
| Nexgym | 25% of franchise fee |
| The Painted Penguin | |
Business Experience Requirements |
|
| Experience | |
| Nexgym | |
| The Painted Penguin | |
Financing Options |
|
| Franchise Fees | |
| Nexgym | No |
| The Painted Penguin | No |
| Start-up Costs | |
| Nexgym | |
| The Painted Penguin | |
| Equipment | |
| Nexgym} | |
| The Painted Penguin | |
| Inventory | |
| Nexgym | |
| The Painted Penguin | |
| Receivables | |
| Nexgym | |
| The Painted Penguin | |
| Payroll | |
| Nexgym | |
| The Painted Penguin | |
Training & Support |
|
| Training | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| The Painted Penguin | |
| Support | |
| Nexgym | |
| The Painted Penguin | |
| Marketing | |
| Nexgym | |
| The Painted Penguin | |
| 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) |
| The Painted Penguin | |
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 |
| The Painted Penguin | |
| Canada Expansion | |
| Nexgym | |
| The Painted Penguin | |
| International Expansion | |
| Nexgym | |
| The Painted Penguin | |