|
Below is an in-depth analysis and side-by-side comparison of Fitniks vs Tutu School including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $171,000 - $242,250 | $73,700 - $135,200 |
Franchise Fee | $39,000 | $36,000 |
Royalty Fee | - | 5% |
Advertising Fee | - | 1% |
Year Founded | 2006 | 2008 |
Year Franchised | 2006 | 2012 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | - | On-The-Job Training: 74 hours Classroom Training: 17 hours |
Support | - | Newsletter Meetings Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
Marketing | - | Ad Templates Regional Advertising Social media Website development Email marketing |
Operations | - | Number of Employees Required to Run: 2 |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
NO LONGER FRANCHISING