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Below is an in-depth analysis and side-by-side comparison of Tapout Fitness 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 | $158,410 - $736,491 | $188,070 - $351,885 |
Franchise Fee | $45,000 - $50,000 | $129,500 |
Royalty Fee | 6% | $550/mo. |
Advertising Fee | - | - |
Year Founded | 2014 | 2016 |
Year Franchised | 2015 | 2017 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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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 |
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Training | On-The-Job Training: 20 hours Classroom Training: 38 hours | - |
Support | Newsletter Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates Social media SEO Website development Email marketing | - |
Operations | - | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | Yes | - |