|
Below is an in-depth analysis and side-by-side comparison of Cuts Fitness For Men vs Platoon Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $33,600 - $77,900 | $29,300 - $40,100 |
Franchise Fee | $39,500 | $20,000 |
Royalty Fee | $400/mo. | 6% |
Advertising Fee | - | - |
Year Founded | 2003 | 1999 |
Year Franchised | 2003 | 2006 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | - | * Available at headquarters: 2 weeks * At franchisee's location: 2 months * Additional training 5 times a year at franchisee's location |
Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Regional advertising | - |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | * Franchise can be run from home * Number of employees needed to run franchised unit: 2 * Absentee ownership of franchise is allowed. |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
Cuts Fitness For Men uses the Body Cuts System which is a 30-minute, full body circuit training workout designed to firm up muscles, improve the cardiovascular system, increase endurance, lose body fat and inches. Founded in May, 2003, Cuts Fitness For Men is North America's fastest growing Men's fitness franchise. The first Cuts fitness center opened in Clark, New Jersey in May, 2003; since then, more than 200 franchises have been sold. Launched in December of 2004, Cuts Fitness For Women enters the market with a unique product featuring an innovative design, high quality equipment and the "experience factor."
Can you devote the same focus to our franchise as our workout teams do to their fitness? If so, that's the kind of franchisee we're looking for! Platoon Fitness
That's right just like one of our workout teams, we expect our franchise team to be on board with the program 100%. There's simply no point in becoming a part of the team if you are not prepared to put in the effort and keep a sharp focus on the key factors needed to reach our franchise goals. The reason for our company's phenomenal success is no accident. Years of planning, testing, adjusting and refining have taught us many of the pitfalls of business ownership and allowed us to continually improve and learn through experience. A Platoon Fitness franchisee needs a clear mind to focus on the most important task at hand: running a successful business.