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Below is an in-depth analysis and side-by-side comparison of Romp n' Roll vs Nexgym including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $198,500 - $396,450 | $213,000 - $397,000 |
Franchise Fee | $45,000 | $30,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | 2% | - |
Year Founded | 2004 | 2005 |
Year Franchised | 2005 | 2006 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | 25% of franchise fee |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | No/No |
Start-up Costs | -/- | No/No |
Equipment | -/- | -/No |
Inventory | -/- | No/No |
Receivables | -/- | No/No |
Payroll | -/- | No/No |
Training & Support |
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Training | - | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
Support | - | - |
Marketing | - | - |
Operations | Romp n' Roll owners are involved in the day to day operations of the business. Some hire managers so they can spend more time teaching, or vice versa, but we do not allow "absentee owners." | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
no longer franchising