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Below is an in-depth analysis and side-by-side comparison of 21 Minute Convenience Fitness vs World Gym International including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $124,500 - $195,300 | $852,000 - $2,975,000 |
Franchise Fee | $29,500 | $25,000 |
Royalty Fee | 3% | $1,000/mo. |
Advertising Fee | - | included |
Year Founded | 2003 | 1976 |
Year Franchised | 2005 | 1982 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 25% of fran. 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 | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/No | -/Yes |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Internet | On-The-Job Training: 7 days Classroom Training: 5 days |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
Marketing | Co-op advertising, Ad slicks | Co-op Advertising Ad Templates |
Operations |
1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2
Absentee ownership of franchise is allowed. | Absentee Ownership Allowed Number of Employees Required to Run: 15 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
We are passionate about helping others succeed and invite you to explore a revolutionary business opportunity in the rapidly expanding fitness world. If you desire the freedom and independence to own and operate your own business, combined with the satisfaction of helping others achieve their health and fitness goals, then join 21 Minute Convenience Fitness, The Leader in Convenience Fitness. In 2004, former Harvard University economist, Zane Paul Pilzer, stated that the fitness, weight loss and wellness market in the US would grow from $300 billion to over one trillion dollars by the end of the decade!
With a heritage that traces back to the glory days of Muscle Beach in Los Angeles, CA, World Gym has been keeping people fit and changing lives for over 40 years. Our experience runs deep. World Gym knows the difference between cheap fads and time-proven techniques. We’ve learned the best ways to get your hearts pounding and your adrenaline pumping. World Gym makes sure all of our gyms have all the tools you need to perform your best.
World Gym's Mission: To provide the finest level of service in the fitness community with special emphasis on top-level fitness and proven results.