|
Below is an in-depth analysis and side-by-side comparison of Fitness Together vs Xtend Barre including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $189,162 - $328,576 | $162,785 - $516,870 |
Franchise Fee | $39,900 | $36,000 |
Royalty Fee | 6% | 4% to 6% |
Advertising Fee | 2% | - |
Year Founded | 1984 | 2007 |
Year Franchised | 1996 | 2007 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 25% of current franchise fee | - |
Business Experience Requirements |
||
Experience | COMMITMENT - We're looking for candidates who demonstrate a commitment to their clients, craft and community. PASSION - All of our owners share a desire to improve not just their own well-being, but the well-being of their clients and staff as well. EXPERIENCE - Have you helped build or lead a high performing team or organization in the past? That experience is exactly what we like to see. STABILITY - You need both feet on the ground, before you can dance, so we like to make sure our owners have the financial stability they need to safely move forward. |
|
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | Classroom Training: 40 hours | - |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5
Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
Established by Rick Sikorski in 1983, Fitness Together offers individual instructional courses to customers between the ages of 15 and 80. The organization, which started diversifying in 1996, works diversified studios over the United States.
Best 5 reasons why you ought to consider owning a Fitness Together establishment:
- A one of a kind private preparing idea
- Solid establishment bolster with more than 30 years involvement in the individual preparing industry.
- Set up working frameworks that use best business hones.
- The chance to change lives with enhanced wellness and wellbeing
If you're anything like us... the idea of sitting behind a desk all day just doesn't feel right. You want to move. You want to be free. You want to trade that bunchy pantsuit for a comfy pair of yoga tights and hit the hardwood. You'll be in control; not just of your studio, but also of your life. Your Life on Point As a franchise owner, you will utilize and expand upon important business skills but have the freedom to set your own schedule and live a healthier, more active lifestyle. There's more than one way to bring Xtend Barre's unique energy and attitude to the barre. This is why we offer a series of innovative and dynamic programs to help our clients get their body on point. From custom Xtend Barre Pilates and Yoga programs, to Xtend Barre HIIT and TRX classes, the barre is just the beginning. Some of the resources available to new franchise owners include: * Hiring, retail and launch strategy and collateral * Comprehensive instructor training programs * Local, regional, and online continuing education programs * Sales, marketing and branding support * Launch strategy from pre-sale through grand opening * Studio staffing & management guidance You'll be able to surround yourself with engaging, like-minded individuals, who share your passion for motivating and inspiring others. The work you do will change lives and help shape the bodies and minds of countless individuals who enter your studio every day. In essence, this is more than just a great business opportunity, this is a chance to inspire, lead, motivate and take control of your life.