OrangeTheory Fitness vs Springwell Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of OrangeTheory Fitness vs Springwell including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$608,172 - $1,800,322 | $376,776 - $547,813 |
Franchise Fee |
$59,500 | $49,500 |
Royalty Fee |
8% | - |
Advertising Fee |
2% | - |
Year Founded |
2010 | 2019 |
Year Franchised |
2010 | 2019 |
Term Of Agreement |
10 years | - |
Term Of Agreement |
10 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
$150K liquidity, $500K net worth, business experience, team builder, outgoing demeanor | - |
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: 3.3 hours
Classroom Training: 58.25 hours
Additional Training: E-learning | - |
Support |
Newsletter
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform | - |
Marketing |
Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
Manual provided
Number of Employees Required to Run: 8 - 11 | - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
Yes | - |
International Expansion |
Yes | - |
Company Overviews
About OrangeTheory Fitness
Orangetheory Fitness is an exciting new fitness concept like no other that is sweeping the nation. Hailed by the New York Times as an effective new plateau-busting workout, Orangetheory Fitness leverages heart-rate-monitored interval exercise and group personal training to maximize calorie burn. In less than a year after opening the first Orangetheory Fitness studio in Ft. Lauderdale in March 2010, the franchise grew to 38 locations - and counting.
Orangetheory Fitness offers:
*Specialized group personal training sessions to mid- and high-income consumers
*Studio will drive substantial unique consumers to the retail location every month
*Best one-hour workout in the country
*Affordable group personal training
*55 classes per week at all levels
*Experienced, successful franchise company & management team
This is your opportunity to be a small business owner. When you open an Orangetheory Fitness franchise, you gain a support network of other franchisees, a branding plan for your business, and cooperative advertising.
#95 in Canada's Top franchises.
#43 in Franchise 500 for 2020.
About Springwell
Springwell is a specialized medical fitness franchise. Our focus is on
helping individuals adopt a healthy lifestyle in a welcoming and
clinically supervised environment.
Springwell Exercise Clinic is on the cutting edge of the
healthcare and medical fitness industry. Become part of a holistic gym
that caters to individuals with chronic health issues.
Springwell Exercise Clinic was founded on specific core values which
have helped the brand.
Springwell takes fitness and business operations
to the next level and pushes franchisees to be the best they can be so
they can run their business more efficiently.
The total investment necessary to begin operation of a single franchised
Facility ranges from $376,776 to $497,813, including $54,500 that must
be paid to the franchisor or their affiliates.
The total investment necessary to operate multiple facilities under a
form of area development agreement depends on the number of franchises
the franchisor grants you the right to open. The total investment
necessary to enter into a development agreement for the right to develop
three Facilities is $426,776 to $547,813, which includes a $99,500
development fee that is paid to the franchisor and your total investment
to begin operation of your initial clinic. Under the area development
agreement, the initial development fee is calculated as follows: $69,500
for the right to develop two Facilities; $99,500 for the right to
develop three Facilities; or $29,500 per Facility if you are awarded the
right to develop four or more franchised Facilities.