|
Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs Pee Wee Workout including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $36,760 - $277,200 | $18,000 |
Franchise Fee | $25,000 - $55,000 | $15,000 |
Royalty Fee | 7%-8% | 10% |
Advertising Fee | 1% | - |
Year Founded | 1983 | 1986 |
Year Franchised | 1995 | 1988 |
Term Of Agreement | 12 years | 5 years |
Term Of Agreement | 12 years | 5 years |
Renewal Fee | - | $250 |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | On-The-Job Training: 40 hours Classroom Training: 19 hours | Video-based training program |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Toll-free phone line, Internet, Purchasing cooperatives |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Ad slicks |
Operations |
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) |
Franchise can be run from home. 0% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |