Fitness Together vs Spenga Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Fitness Together vs Spenga including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Fitness Together Franchise
Spenga Franchise
Investment $189,162 - $328,576$304,082 - $705,027
Franchise Fee $39,900$49,500
Royalty Fee 6%-
Advertising Fee 2%-
Year Founded 19842015
Year Franchised 19962015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 25% of current franchise fee-


Business Experience Requirements
 
Fitness Together Franchise
Spenga Franchise
Experience
  • Industry experience
    		• -

    Financing Options
     
    Fitness Together Franchise
    Spenga Franchise
      In-House/3rd PartyIn-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
     
    Fitness Together Franchise
    Spenga Franchise
    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
     
    Fitness Together Franchise
    Spenga Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Fitness Together

    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

    - Proposals for showcasing and advancement of your studio

    The total investment necessary to begin operation of a Fitness Together studio ranges from $189,162 to $328,576. This includes $43,559 to $48,559 that must be paid to the franchisor or its affiliates.
    The total investment necessary to begin operation of a Fitness Together area development franchise ranges from $79,800 (for a 2-studio commitment) to $299,000 (for a 10-studio commitment). This entire amount must be paid to the franchisor.

    VetFran incentive - 20% off the initial franchise fee

    About Spenga

    "Spenga

    Spenga's goal is to open 135 franchise locations across the U.S. in three years. The company already has contracted with franchisees for 45 in the U.S., including five locations to open in north Denver and the Boulder area. More than 54 million Americans are working out at boutique fitness studios, which makes it the fastest growing sector of the fitness industry, Many of these active individuals are getting multiple memberships at multiple facilities to get a well-rounded workout. Our goal is to give members their fittest selves without having to go to three different locations.
    Spenga offers a 60-minute fitness session that combines spinning, high intensity interval strength training and yoga.

    #253 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.