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Below is an in-depth analysis and side-by-side comparison of Time For Fitness vs BrightStar 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 | $101,656 - $169,414 |
Franchise Fee | $30,000 | $50,000 |
Royalty Fee | 5% | 5.25% |
Advertising Fee | - | 3% |
Year Founded | 2004 | 2002 |
Year Franchised | 2005 | 2005 |
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 | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
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Training | - | Classroom Training: 100+ hours Additional Training: Online training |
Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
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. | Number of Employees Required to Run: 4 - 10 |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
NO LONGER FRANCHISING
Shelly Sun and husband J.D. Sun were already franchisees for two hotel
chains when they started BrightStar Care in 2002. They began franchising
the company just three years later.
BrightStar Care franchisees offer both medical and nonmedical home care
services, as well as medical staffing.