21 Minute Convenience Fitness vs My Gym Children's Fitness Center Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of 21 Minute Convenience Fitness vs My Gym Children's Fitness Center including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
21 Minute Convenience Fitness Franchise
My Gym Children's Fitness Center Franchise
Investment $124,500 - $195,300$36,760 - $277,200
Franchise Fee $29,500$25,000 - $55,000
Royalty Fee 3%7%-8%
Advertising Fee -1%
Year Founded 20031983
Year Franchised 20051995
Term Of Agreement 10 years12 years
Term Of Agreement 10 years12 years
Renewal Fee 25% of fran. fee-


Business Experience Requirements

 
21 Minute Convenience Fitness Franchise
My Gym Children's Fitness Center Franchise
Experience -
  • Industry experience
  • General business experience
  • Marketing skills

  • Financing Options

     
    21 Minute Convenience Fitness Franchise
    My Gym Children's Fitness Center Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    21 Minute Convenience Fitness Franchise
    My Gym Children's Fitness Center Franchise
    Training InternetOn-The-Job Training: 40 hours Classroom Training: 19 hours
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsPurchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Co-op advertising, Ad slicksCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
    Operations 1% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2 - 2

    Absentee ownership of franchise is allowed.

    20% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6 - 10

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)


    Expansion Plans

     
    21 Minute Convenience Fitness Franchise
    My Gym Children's Fitness Center Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About 21 Minute Convenience Fitness

    We are passionate about helping others succeed and invite you to explore a revolutionary business opportunity in the rapidly expanding fitness world. If you desire the freedom and independence to own and operate your own business, combined with the satisfaction of helping others achieve their health and fitness goals, then join 21 Minute Convenience Fitness, The Leader in Convenience Fitness. In 2004, former Harvard University economist, Zane Paul Pilzer, stated that the fitness, weight loss and wellness market in the US would grow from $300 billion to over one trillion dollars by the end of the decade!

    About My Gym Children's Fitness Center

    Welcome to the exciting business of children's gyms! The timing is right The children's fitness industry offers a vast marketplace where the potential has now become even greater because of school budget cuts, decreasing opportunities for safe play in parks and neighborhoods, and the appalling state of the physical fitness of our youth. Millions of our children are overweight, inactive and below minimum standards for strength, flexibility and endurance. The need for more children's gyms is apparent, and the field offers an abundance of opportunities to those who love children.
    Improve the lives of children Our innovative and carefully structured programs, along with our ideal student/teacher ratio and noncompetitive atmosphere, allow children to discover what great things they can accomplish. My Gym Kids have so much fun developing strength, balance, coordination, agility, flexibility, fine and gross motor proficiency, social skills and self-esteem as they run, jump, tumble, dance and sing.
    Be your own boss Our franchisees derive real satisfaction from running a business
    that promotes the physical and emotional health of our world's most precious resource, our children.
    Veteran Incentives  $10,000 off franchise fee
    #202 in Franchise 500 for 2020.