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Updated RecentlyTime For Fitness vs HipKidz Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Time For Fitness 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 | $58,000 - $68,000 | $250,000 |
| Franchise Fee | $30,000 | $20,000 |
| Royalty Fee | 5% | 7% |
| Advertising Fee | - | - |
| Year Founded | 2004 | 2006 |
| Year Franchised | 2005 | 2010 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $5K | - |
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/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | Co-op advertising, Regional advertising | - |
| Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About Time For Fitness
NO LONGER FRANCHISING
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]