|
Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs StrollerFit including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $36,760 - $277,200 | $3,950 - $11,700 |
Franchise Fee | $25,000 - $55,000 | $2,500 |
Royalty Fee | 7%-8% | 15% |
Advertising Fee | 1% | - |
Year Founded | 1983 | 1997 |
Year Franchised | 1995 | 2001 |
Term Of Agreement | 12 years | 2 years |
Term Of Agreement | 12 years | 2 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | On-The-Job Training: 40 hours Classroom Training: 19 hours | Available at headquarters |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Ad slicks |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 10
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Franchise can be run from home. 0% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |
A Unique Opportunity For Moms Are you looking for a fun, part-time business in the fitness industry that allows you to involve your family and friends? Buying a StrollerFit franchise may be your perfect solution. Your StrollerFit franchise provides an ideal way for mothers to regain their time, fitness and friendships. You help your clients and customers shed extra weight, build functional strength and bond with their babies while they make new friends and meet other supportive families. Your StrollerFit franchise is a home based system complete with ongoing support to help you succeed. Its a business model that makes dollars and sense.