Healthy Inspirations vs Spenga Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Healthy Inspirations vs Spenga including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Healthy Inspirations Franchise
Spenga Franchise
Investment $75,000 - $375,000$304,082 - $705,027
Franchise Fee $15,000$49,500
Royalty Fee $395/mo.-
Advertising Fee --
Year Founded 20002015
Year Franchised 20042015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $2.5K or 20% of franchise fee-


Business Experience Requirements
 
Healthy Inspirations Franchise
Spenga Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Healthy Inspirations Franchise
    Spenga Franchise
      In-House/3rd PartyIn-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
     
    Healthy Inspirations Franchise
    Spenga Franchise
    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
     
    Healthy Inspirations Franchise
    Spenga Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Healthy Inspirations

    NO LONGER FRANCHISING

    About Spenga

    "Spenga

    Spenga's goal is to open 135 franchise locations across the U.S. in three years. The company already has contracted with franchisees for 45 in the U.S., including five locations to open in north Denver and the Boulder area. More than 54 million Americans are working out at boutique fitness studios, which makes it the fastest growing sector of the fitness industry, Many of these active individuals are getting multiple memberships at multiple facilities to get a well-rounded workout. Our goal is to give members their fittest selves without having to go to three different locations.
    Spenga offers a 60-minute fitness session that combines spinning, high intensity interval strength training and yoga.

    #253 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.