| ||||
Updated RecentlyEncouraGym vs Nexgym Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of EncouraGym vs Nexgym including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $25,600 - $69,400 | $213,000 - $397,000 |
| Franchise Fee | $10,500 | $30,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | - | - |
| Year Founded | 2001 | 2005 |
| Year Franchised | 2004 | 2006 |
| Term Of Agreement | 5 years | 10 years |
| Term Of Agreement | 5 years | 10 years |
| Renewal Fee | 10% of current franchise fee | 25% of franchise fee |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | -/No |
| Inventory | No/Yes | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
||
| Training | - | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | Ad slicks | - |
| Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 8
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About EncouraGym
Interested in a program for your home, church, school, or daycare? Don't invest $20,000 to $50,000 BEFORE
you see what the others have to offer. EncouraGYM makes it possible to START YOUR OWN PROGRAM using our acclaimed lesson plans.
Stop DREAMING and START LIVING your dreams.
About Nexgym
no longer franchising