|
Below is an in-depth analysis and side-by-side comparison of Anytime Fitness vs Blink Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $96,140 - $523,824 | $637,000 - $2,150,000 |
Franchise Fee | $25,000 - $42,500 | $10,000 - $40,000 |
Royalty Fee | $649-$699/mo. | 5% |
Advertising Fee | $600/ mo | 5% |
Year Founded | 2001 | 2010 |
Year Franchised | 2002 | 2015 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $1000 | - |
Business Experience Requirements |
||
Experience | 5+ years of relevant business experience or operator with that level of experience | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/Yes |
Receivables | No/Yes | No/Yes |
Payroll | No/Yes | No/Yes |
Training & Support |
||
Training | With Anytime Fitness, the training never stops. Initially, we have a mandatory, one-week training course at our corporate office in Minnesota. Once the first week is completed, we provide daily or weekly assistance via the phone, onsite visits, email communications, and various publications. Assistance is available for as long as you need it. There is no additional cost for this valuable training and assistance. | We offer an industry-leading 150 hours of training to prepare you to run your Blink business successfully. This training includes: Orientation that includes a thorough overview of the business Deep-dive classroom and virtual training on each area of the Blink business Hands-on operational training at one of our gyms A support person who will spend up to a week at your location during your club opening. |
Support | Newsletter, Toll-free phone line, Grand opening, Security/safety procedures, Purchasing cooperatives | When you join the Blink Fitness family as a franchise owner, you gain instant access to one of the most well-rounded executive teams in the business. In addition to having deep roots in the fitness industry, our leadership team brings a mix of experience from world-class companies that includes Equinox, Dunkin Donuts, Pepsi, Procter & Gamble, Whole Foods Market, Starbucks, and Ann Taylor. |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
10% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Number of employees required > about 20 Owner/operator required Absentee ownership allowed |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | Yes | No |
International Expansion | Yes | No |
As an Anytime Fitness proprietor, we can help you open the key to conceivable achievement in the wellness business and furnish you with scripts, promotions, advertising pieces, deals and operations manuals we have created and utilized, which ought to give you the preferred standpoint you should be successful in your business attempts. Amid the underlying, compulsory preparing to all franchisees, we will cover:
Executing a 9-stage deals procedure to offer more enrollments .
Step by step instructions to make more activity through corporate deals, senior projects, referrals and the sky is the limit from there.
At the first of consistently you may get our "Month to month Success Pack" which may contain new deals tips, advertising pieces, client benefit thoughts, part maintenance programs and progressing training parcels.
Duplicates of daily paper advertisements, regular postal mail pieces, radio promotions, telemarketing scripts, tributes, referral passes and a showcasing plan to take after.
1-800-704-5004 whenever for continuous preparing or day by day addresses.
Yearly club camps, nearby visits and a talk space for other Anytime Fitness proprietors to share thoughts and musings on the wellness business. Give us a chance to help you bring your thoughts alongside criticism from other Anytime Fitness proprietors and put them under a magnifying glass.
Pre-deal help.
The most effective method to deal with your time and handle the everyday operations.
Blink Fitness is perfectly positioned at the premium end of the value segment. Blink brings a unique positioning to the segment by addressing common consumer barriers to joining a gym.
Most people believe that gyms aren't for people like them; they're for people with hard bodies like the ones shown in most gym advertising. Blink has removed the barriers of working out at a gym by celebrating the positive emotions people get from exercise.
*We're MOOD LIFTERS TM who greet you with enthusiasm and treat you with respect
*Our gym design is colorful, bright, and open
*We have an everyone cleans philosophy so our gyms are always spotless
*We specifically select energizing music that will keep you motivated
*We offer training programs that boost confidence, not your wallet.