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Updated RecentlyMy Gym Children's Fitness Center vs Nexgym Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs Nexgym including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $36,760 - $277,200 | $213,000 - $397,000 |
| Franchise Fee | $25,000 - $55,000 | $30,000 |
| Royalty Fee | 7%-8% | 6% |
| Advertising Fee | 1% | - |
| Year Founded | 1983 | 2005 |
| Year Franchised | 1995 | 2006 |
| Term Of Agreement | 12 years | 10 years |
| Term Of Agreement | 12 years | 10 years |
| Renewal Fee | - | 25% of 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 | No/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | -/No |
| Inventory | No/Yes | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | On-The-Job Training: 40 hours Classroom Training: 19 hours | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Support | Purchasing 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 Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
| 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) | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
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.About Nexgym
no longer franchising