Fitniks vs Nexgym Franchise Comparison

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

Start-Up Costs and Fees

 
Fitniks Franchise
Nexgym Franchise
Investment $171,000 - $242,250$213,000 - $397,000
Franchise Fee $39,000$30,000
Royalty Fee -6%
Advertising Fee --
Year Founded 20062005
Year Franchised 20062006
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee -25% of franchise fee


Business Experience Requirements

 
Fitniks Franchise
Nexgym Franchise
Experience --

Financing Options

 
Fitniks Franchise
Nexgym Franchise
  In-House/3rd PartyIn-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

 
Fitniks Franchise
Nexgym Franchise
Training -* Available at headquarters: 2 weeks

* At franchisee's location: 1 week

Support --
Marketing --
Operations -* 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

 
Fitniks Franchise
Nexgym Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Fitniks

NO LONGER FRANCHISING

About Nexgym

no longer franchising