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Updated RecentlyEncouraGym vs HipKidz Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of EncouraGym vs HipKidz including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $25,600 - $69,400 | $250,000 |
| Franchise Fee | $10,500 | $20,000 |
| Royalty Fee | 6% | 7% |
| Advertising Fee | - | - |
| Year Founded | 2001 | 2006 |
| Year Franchised | 2004 | 2010 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | 10% of current franchise fee | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | Ad slicks | - |
| Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 8
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About EncouraGym
Interested in a program for your home, church, school, or daycare? Don't invest $20,000 to $50,000 BEFORE
you see what the others have to offer. EncouraGYM makes it possible to START YOUR OWN PROGRAM using our acclaimed lesson plans.
Stop DREAMING and START LIVING your dreams.
About HipKidz
Chidren's Sports and Fitness centre for kids between the ages of 5-13 and is pretty high tech but great fun. The Process of Franchising will commence in Autumn 2010. To register your interest please email us at [email protected]