|
Below is an in-depth analysis and side-by-side comparison of Crunch Fitness vs PickUp USA Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $255,500 - $2,320,500 | $533,266 - $1,150,054 |
Franchise Fee | $25,000 | $45,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | 2% | 1% - 2% |
Year Founded | 1989 | 2011 |
Year Franchised | 2010 | 2016 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | While not required, a passion for fitness and basketball is a huge plus! Owning a fitness club is a tremendous opportunity to build a business doing something you love. To get started, franchise candidates, either individually or cumulatively amongst a group of investors, should have a minimum of $150,000 in liquid capital and $300,000 in net worth. This gives a new franchisee the base financials to attempt to obtain necessary bank financing to be properly capitalized to launch a PickUp USA. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/- | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/Yes | -/- |
Payroll | -/Yes | -/- |
Training & Support |
||
Training | On-The-Job Training: 40 hours Classroom Training: 16 hours | * Comprehensive 8 day training at our headquarters in Irwindale, CA for you and your two managers |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | PickUp USA provides comprehensive support from the day you sign your franchise agreement. * Pre-Open Support * Grand Opening Support * Ongoing Support o Assistance with site-selection, club layout, design & construction o Comprehensive 8 day training o On-site guidance for 5 days from our corporate team o Support with marketing, sales and operations o Continuous, on-site, telephone and email support will be with you during your entire journey o Your success is our success! |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 | We require an owner/operator Approximately 10 staff are needed to run a PickUp USA Fitness club. |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
THE RIGHT BRAND, THE RIGHT INDUSTRY, THE RIGHT TIME.
We understand there are numerous ways you can contribute your cash, however none can possibly be as fulfilling or as fun as owning your own Crunch rec center establishment. Crunch is generally thought to be a standout amongst the most imaginative and energizing brands in the wellness space. What's more, the Crunch Franchise business speaks to the most dynamic and focused wellness show in the business, one made by an administration group that truly assembled the business starting from the earliest stage.
Crunch is one of the most sizzling wellness clubs, in one of the best ventures there is. It's driven by a world class group of wellness experts that have recognized a sweet spot in the market that will give franchisees an upper hand.