|
Below is an in-depth analysis and side-by-side comparison of Jenny Craig vs RedLine Athletics including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $122,600 - $301,500 | $245,733 - $452,483 |
Franchise Fee | $25,000 | $39,000 |
Royalty Fee | 4-7% | 7% |
Advertising Fee | - | 1% |
Year Founded | 1983 | 2013 |
Year Franchised | 1987 | 2013 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 50% of then-current fee | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | On-The-Job Training: 20 hours Classroom Training: 20 hours |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
Marketing | Ad slicks, National media | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations |
70% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
For over 20 years, Jenny Craig has been helping people live healthier, happier lives through weight management. As one of the leading weight- management service companies in the world, Jenny Craig not only offers franchisees strong financial potential, but also provides you with an opportunity to make a significant positive impact on the lives of your clients and the health of our nation.
Your own business in sports and fitness is within reach. RedLine Athletics specializes in training young athletes in the 8-18 year old age range. RedLine Athletics occupies a unique niche in the $38 Billion Dollar fitness industry. An estimated 35 million children participate in youth sports every year. There is a tremendous need and demand for specialized fitness and athletic training for the 8 -18 year old market.
Youth sports represents a large industry, conservatively estimated at $5 billion a year in the United States alone. With huge demand for services and no clear market leader, now is the right time to capture this young, growing and highly fragmented market.