|
Below is an in-depth analysis and side-by-side comparison of Fernwood Women's Health Clubs vs Physique 57 including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $500,000 - And Up | $284,537 - $615,551 |
Franchise Fee | N/A | $50,000 |
Royalty Fee | - | 7% |
Advertising Fee | - | - |
Year Founded | 1989 | 2005 |
Year Franchised | 1993 | 2019 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
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 | � Three weeks comprehensive program � E-learning modules � This includes one week at National Support Office and two weeks in club � Ongoing in-club support & training | On-The-Job Training: 40-185 hours Classroom Training: 45-100 hours |
Support | - | Grand Opening Security/Safety Procedures Field Operations Site Selection |
Marketing | - | Ad Templates Social media SEO Website development Email marketing |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | Yes | Yes |