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Below is an in-depth analysis and side-by-side comparison of FIT4MOM vs HOTWORX Studio including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $6,905 - $26,385 | $188,070 - $351,885 |
Franchise Fee | $6,495 - $12,395 | $129,500 |
Royalty Fee | 2% - To maintain your franchise, you'll pay monthly maintenance fees between $214 - $424 | $550/mo. |
Advertising Fee | $10 - $30 | - |
Year Founded | 2001 | 2016 |
Year Franchised | 2005 | 2017 |
Term Of Agreement | 3 Year | - |
Term Of Agreement | 3 Year | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Fitness background is a plus, but not a requirement! We will train you! | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | Web-bases on-boarding business training (required for new franchisees), Online business training's to help you grow your business (offered 2-3 times a month), Monthly instructor hangouts with our National Fitness director, Monthly virtual"coffee-chat's" with Lisa Druxman, owner and founder of FIT4MOM, Exercise & workout database, online files & resources for franchisees and instructors, Marketing & Planning calendar, Live Franchise Support team, Mentor program, Personal Business Coach. | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
Owning a FIT4MOM franchise allows you to have the best of both worlds -- to become a successful business owner and have a career that is supportive of motherhood.
But the most rewarding part of being a FIT4MOM owner can only be described in one word: IMPACT. As a small business owner, you have the power to change the lives of women in your community Every. Single. Day.
Does this sound like the right fit for you?