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Below is an in-depth analysis and side-by-side comparison of Pee Wee Workout vs Retro Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $18,000 | $939,250 - $1,600,500 |
Franchise Fee | $15,000 | $69,000 |
Royalty Fee | 10% | 5% |
Advertising Fee | - | 2% |
Year Founded | 1986 | 2002 |
Year Franchised | 1988 | 2006 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | $250 | - |
Business Experience Requirements |
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Experience | Net worth requirement: $1M+ Cash liquidity requirement: $200K Business Experience: * General business experience | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
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Training | Video-based training program | On-The-Job Training: 50 hours Classroom Training: 20 hours |
Support | Newsletter, Toll-free phone line, Internet, Purchasing cooperatives | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Ad slicks | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
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) | * 25% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 - 20 * Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |