Start-Up Costs and Fees |
||
| Nexgym | We Rock the Spectrum Kid's Gym | |
| Investment | 213000 - 397000 | 92678 - 206378 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | ||
| Year Founded | 2005 | 2013 |
| Year Franchised | 2006 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nexgym | We Rock the Spectrum Kid's Gym | |
| Experience | ||
Financing Options |
||
| Nexgym | We Rock the Spectrum Kid's Gym | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | ||
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nexgym | We Rock the Spectrum Kid's Gym | |
| 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 | We Rock the Spectrum Kid's Gym | |
| 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 | |
| We Rock the Spectrum Kid's Gym | |
| Franchise Fee | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |
| Royalty Fee | |
| Nexgym | 6% |
| We Rock the Spectrum Kid's Gym | |
| Advertising Fee | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |
| Year Founded | |
| Nexgym | 2005 |
| We Rock the Spectrum Kid's Gym | 2013 |
| Year Franchised | |
| Nexgym | 2006 |
| We Rock the Spectrum Kid's Gym | 2013 |
| Term Of Agreement | |
| Nexgym | 10 years |
| We Rock the Spectrum Kid's Gym | |
| Renewal Fee | |
| Nexgym | 25% of franchise fee |
| We Rock the Spectrum Kid's Gym | |
Business Experience Requirements |
|
| Experience | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |
Financing Options |
|
| Franchise Fees | |
| Nexgym | No |
| We Rock the Spectrum Kid's Gym | No |
| Start-up Costs | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |
| Equipment | |
| Nexgym} | |
| We Rock the Spectrum Kid's Gym | |
| Inventory | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |
| Receivables | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |
| Payroll | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |
Training & Support |
|
| Training | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| We Rock the Spectrum Kid's Gym | |
| Support | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |
| Marketing | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |
| 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) |
| We Rock the Spectrum Kid's Gym | |
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 |
| We Rock the Spectrum Kid's Gym | |
| Canada Expansion | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |
| International Expansion | |
| Nexgym | |
| We Rock the Spectrum Kid's Gym | |