|
Below is an in-depth analysis and side-by-side comparison of Platoon Fitness vs Illuminate Gym including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $29,300 - $40,100 | $57,000 - $213,000 |
Franchise Fee | $20,000 | $15,000 |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1999 | - |
Year Franchised | 2006 | - |
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 | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | * Available at headquarters: 2 weeks * At franchisee's location: 2 months * Additional training 5 times a year at franchisee's location | We offer a 5 day training program to teach you how to run an illuminate gym and about 'High Oxygen Training'. |
Support | - | - |
Marketing | - | - |
Operations | * Franchise can be run from home * Number of employees needed to run franchised unit: 2 * Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | Yes | - |
Can you devote the same focus to our franchise as our workout teams do to their fitness? If so, that's the kind of franchisee we're looking for! Platoon Fitness
That's right just like one of our workout teams, we expect our franchise team to be on board with the program 100%. There's simply no point in becoming a part of the team if you are not prepared to put in the effort and keep a sharp focus on the key factors needed to reach our franchise goals. The reason for our company's phenomenal success is no accident. Years of planning, testing, adjusting and refining have taught us many of the pitfalls of business ownership and allowed us to continually improve and learn through experience. A Platoon Fitness franchisee needs a clear mind to focus on the most important task at hand: running a successful business.
The illuminate gym model was born to provide entrepreneurs the opportunity to obtain the same success David Sedbrook has obtained while owning his own boutique fitness facility. Today illuminate gym is committed to giving future gym owners the training and support to show them our exciting and proven business model to ensure them the best opportunity to be successful. "There is nothing better than creating success for yourself by changing people's lives in a positive way" Call now for our specials on the first 10 franchises!