|
Below is an in-depth analysis and side-by-side comparison of Healthy Inspirations vs Fit after Fifty including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $75,000 - $375,000 | $39,800 - $47,200 |
Franchise Fee | $15,000 | N/A |
Royalty Fee | $395/mo. | - |
Advertising Fee | - | - |
Year Founded | 2000 | 2003 |
Year Franchised | 2004 | 2004 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $2.5K or 20% of franchise fee | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
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 |
||
Training | - | - |
Support | Meetings, Toll-free phone line, Internet, Field operations/evaluations | - |
Marketing | Ad slicks | - |
Operations |
International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 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 | - |
NO LONGER FRANCHISING
Fit After 50 is a simple and satisfying business to own. With just a
small investment it can provide a good return to the studio owner. The
primary skills required to be a successful franchisee are an
entrepreneurial background and the desire to have fun! You spend your
days enjoying a non-stressful, healthy, social environment. You
experience the rewards of witnessing improvements to your members\'
health and well being. Basically, this is a "feel good, do good"
business....and you\'re working for yourself!