Fitness Together vs House of Speed Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Fitness Together vs House of Speed including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Fitness Together Franchise
House of Speed Franchise
Investment $189,162 - $328,576$79,500 - And Up
Franchise Fee $39,900$39,500
Royalty Fee 6%10%
Advertising Fee 2%-
Year Founded 19841998
Year Franchised 19960
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 25% of current franchise fee-


Business Experience Requirements
 
Fitness Together Franchise
House of Speed Franchise
Experience
  • Industry experience
    		• Extensive business training and sports performance training *Sales = Med *Network / Community Involvement = High *Wants to be involved in kids lives = High

    Financing Options
     
    Fitness Together Franchise
    House of Speed Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    Fitness Together Franchise
    House of Speed Franchise
    Training Classroom Training: 40 hours 3-5 business days in Aurora, IL
    Support Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
    Marketing Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app-
    Operations International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3 - 5

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    		Number of employees: *Business Manager/Owner *Head Athletic Trainer/Sales *Trainers

    Expansion Plans
     
    Fitness Together Franchise
    House of Speed Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Fitness Together

    Established by Rick Sikorski in 1983, Fitness Together offers individual instructional courses to customers between the ages of 15 and 80. The organization, which started diversifying in 1996, works diversified studios over the United States.

    Best 5 reasons why you ought to consider owning a Fitness Together establishment:

    - A one of a kind private preparing idea
    - Solid establishment bolster with more than 30 years involvement in the individual preparing industry.
    - Set up working frameworks that use best business hones.
    - The chance to change lives with enhanced wellness and wellbeing

    - Proposals for showcasing and advancement of your studio

    The total investment necessary to begin operation of a Fitness Together studio ranges from $189,162 to $328,576. This includes $43,559 to $48,559 that must be paid to the franchisor or its affiliates.
    The total investment necessary to begin operation of a Fitness Together area development franchise ranges from $79,800 (for a 2-studio commitment) to $299,000 (for a 10-studio commitment). This entire amount must be paid to the franchisor.

    VetFran incentive - 20% off the initial franchise fee

    About House of Speed

    Explosion, Strength, Speed and Flexibility
    House of Speed provides the best available sport-specific performance training. House of Speed is continuously developing and refining the most current training techniques, enabling athletes to increase their overall speed, strength, explosiveness, agility and sport-specific ability. Our curriculum and weight training techniques were developed and designed by Don Beebe and Dr. Jeffrey Schutt who are well-known as leaders in the industry. Our athletes compete in a wide variety of sports and are of diverse age ranges and skill levels. Therefore, House of Speed designed its training programs to be diverse to meet the needs of each athlete. For example, our programs incorporate performance training and sport-specific training. Performance training is designed solely to make the athlete faster, stronger, more agile and explosive. Sport-specific training is designed to target athletic ability in the sport in which the athlete competes. House of Speed has a customized training program for every sport, every position, and every skill level. Apply to Become a Franchise 1. Individual Training (1-2 athletes) 2. Small Group Training (3-5 athletes) 3. Group Training (5 athletes or more) 4. Team Training (individual teams) 5. Camps (2-day camps in a specific city) 6. Sport Specific training For more information about owning your own House of Speed franchise please contact [email protected]