Extreme Gym vs Spenga Franchise Comparison

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

Start-Up Costs and Fees
 
Extreme Gym Franchise
Spenga Franchise
Investment $75,453 - $96,998$304,082 - $705,027
Franchise Fee $10,000$49,500
Royalty Fee --
Advertising Fee --
Year Founded 20022015
Year Franchised 02015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Extreme Gym Franchise
Spenga Franchise
Experience You need a desire to own your own business and to be financially free. You also need to be people oriented with excellent customer service skills. If you are going to be leasing your equipment, we can set you up with a top notch leasing company who we highly recommend. You also have the option of paying in full if that is your desire. You can have your own gym for the price of a nice luxury car. -

Financing Options
 
Extreme Gym Franchise
Spenga Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Extreme Gym Franchise
Spenga Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Extreme Gym Franchise
Spenga Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Extreme Gym

There are a number of reasons why the Extreme Gym franchise is a far smarter choice than other fitness franchising programs or trying to obtain a club on your own. Primarily the lower initial cost and lower ongoing monthly fee. However, there are also virtually no controls or restrictions, no reporting requirements, no non-competition agreements, and no performance criteria with us as compared to other gym franchises. In regards to some of the world's most expensive fitness franchises, franchisees often find themselves sinking their entire life savings into the business or taking out huge loans only to wait many years for profitability. The Extreme Gym program is 1/6 to 1/4 the cost so you start profiting in months.

About Spenga

"Spenga

Spenga's goal is to open 135 franchise locations across the U.S. in three years. The company already has contracted with franchisees for 45 in the U.S., including five locations to open in north Denver and the Boulder area. More than 54 million Americans are working out at boutique fitness studios, which makes it the fastest growing sector of the fitness industry, Many of these active individuals are getting multiple memberships at multiple facilities to get a well-rounded workout. Our goal is to give members their fittest selves without having to go to three different locations.
Spenga offers a 60-minute fitness session that combines spinning, high intensity interval strength training and yoga.

#253 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.