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Below is an in-depth analysis and side-by-side comparison of Wheel Fun Rentals vs Fitness Source including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $46,000 - $230,000 | N/A |
Franchise Fee | $12,500 - $25,000 | N/A |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1987 | - |
Year Franchised | 2000 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $1K | - |
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 | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Ongoing as needed | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
Marketing | Co-op advertising, Ad slicks | - |
Operations |
75% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 12
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
Fitness Source is Canada's premier source for fitness equipment. Fitness equipment is our specialty; everything from treadmills, stationary bikes and elliptical machines to mats, stability balls, and exercise videos. We also have resources and tools for group fitness classes, personal training, rehabilitation training and everything in between.
With an emphasis on both retail sales and commercial sales and service, Fitness Source has a long-standing tradition of outfitting Canadian fitness professionals and weekend warriors alike.