Start-Up Costs and Fees |
||
| Nexgym | Tippi Toes Dance Company | |
| Investment | 213000 - 397000 | 28000 - 40000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 6% |
| Advertising Fee | ||
| Year Founded | 2005 | 1999 |
| Year Franchised | 2006 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nexgym | Tippi Toes Dance Company | |
| Experience | None needed as we train to the specific needs of each franchise owner. | |
Financing Options |
||
| Nexgym | Tippi Toes Dance Company | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | ||
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nexgym | Tippi Toes Dance Company | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | On-site training at initial start up; seminars annually |
| Support | Weekly phone calls (as needed), Meetings, phone line, Internet, Security/safety procedures, On Site sales, and start-up | |
| 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) | Franchise can be run from home. 0% of all franchisees own more than one unit Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Nexgym | Tippi Toes Dance Company | |
| 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 | |
| Tippi Toes Dance Company | |
| Franchise Fee | |
| Nexgym | |
| Tippi Toes Dance Company | |
| Royalty Fee | |
| Nexgym | 6% |
| Tippi Toes Dance Company | 6% |
| Advertising Fee | |
| Nexgym | |
| Tippi Toes Dance Company | |
| Year Founded | |
| Nexgym | 2005 |
| Tippi Toes Dance Company | 1999 |
| Year Franchised | |
| Nexgym | 2006 |
| Tippi Toes Dance Company | 2009 |
| Term Of Agreement | |
| Nexgym | 10 years |
| Tippi Toes Dance Company | 10 years |
| Renewal Fee | |
| Nexgym | 25% of franchise fee |
| Tippi Toes Dance Company | $10K |
Business Experience Requirements |
|
| Experience | |
| Nexgym | |
| Tippi Toes Dance Company | None needed as we train to the specific needs of each franchise owner. |
Financing Options |
|
| Franchise Fees | |
| Nexgym | No |
| Tippi Toes Dance Company | No |
| Start-up Costs | |
| Nexgym | |
| Tippi Toes Dance Company | |
| Equipment | |
| Nexgym} | |
| Tippi Toes Dance Company | |
| Inventory | |
| Nexgym | |
| Tippi Toes Dance Company | |
| Receivables | |
| Nexgym | |
| Tippi Toes Dance Company | |
| Payroll | |
| Nexgym | |
| Tippi Toes Dance Company | |
Training & Support |
|
| Training | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Tippi Toes Dance Company | On-site training at initial start up; seminars annually |
| Support | |
| Nexgym | |
| Tippi Toes Dance Company | Weekly phone calls (as needed), Meetings, phone line, Internet, Security/safety procedures, On Site sales, and start-up |
| Marketing | |
| Nexgym | |
| Tippi Toes Dance Company | |
| 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) |
| Tippi Toes Dance Company | Franchise can be run from home. 0% of all franchisees own more than one unit Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
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 |
| Tippi Toes Dance Company | 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 | |
| Tippi Toes Dance Company | |
| International Expansion | |
| Nexgym | |
| Tippi Toes Dance Company | |