My Gym Children's Fitness Center vs Baby Power/Forever Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs Baby Power/Forever Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$36,760 - $277,200 | $105,000 - $135,000 |
Franchise Fee |
$25,000 - $55,000 | $20,000 |
Royalty Fee |
7%-8% | 5% |
Advertising Fee |
1% | - |
Year Founded |
1983 | 1973 |
Year Franchised |
1995 | 1996 |
Term Of Agreement |
12 years | 10 years |
Term Of Agreement |
12 years | 10 years |
Renewal Fee |
- | $5K |
Business Experience Requirements |
Experience |
Industry experience General business experience Marketing skills | General business 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
| - |
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, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
Marketing |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
| Co-op advertising, Regional advertising |
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) |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
US Expansion |
Yes | - |
Canada Expansion |
No | No |
International Expansion |
Yes | No |
Company Overviews
About My Gym Children's Fitness Center
Welcome to the exciting business of children's gyms!
The timing is right
The children's fitness industry offers a vast marketplace where the potential has now become even greater because of school budget cuts, decreasing opportunities for safe play in parks and neighborhoods, and the appalling state of the physical fitness of our youth. Millions of our children are overweight, inactive and below minimum standards for strength, flexibility and endurance. The need for more children's gyms is apparent, and the field offers an abundance of opportunities to those who love children.
Improve the lives of children
Our innovative and carefully structured programs, along with our ideal student/teacher ratio and noncompetitive atmosphere, allow children to discover what great things they can accomplish. My Gym Kids have so much fun developing strength, balance, coordination, agility, flexibility, fine and gross motor proficiency, social skills and self-esteem as they run, jump, tumble, dance and sing.
Be your own boss
Our franchisees derive real satisfaction from running a business
that promotes the physical and emotional health of our world's most precious resource, our children.
Veteran Incentives $10,000 off franchise fee
#202 in Franchise 500 for 2020.
About Baby Power/Forever Kids
BabyPower/Forever Kids is today's most progressive and developmentally appropriate exercise and musical parent/child play program. BabyPower has operated successfully in Company owned centers throughout the Northeastern US since 1973. The program has been designed to build confidence and promote child development, communication and parent/child bonding. BabyPower introduces children to new playmates and their most valuable playmates of all: THEIR PARENTS! That is because all BabyPower classes are parent-child interactive. So, when student achieves a breakthrough in sensory awareness, balance or language skills, the parent will actually see it happen!
The BabyPower Program is a 10-week, hour long pre-nursery school play program for children and their parents. The course is a systematically designed and consistently adhered to program customized for promoting child development, parent/child communications, play and bonding. Parents participate equally with their children during each one hour session. BabyPower graduates are more prepared to enter daycare and school programs than other children. Our graduates learn to follow direction as they develop a more outgoing personality. Graduates are more adjusted toward interacting with others, thus paving the way for the development of life long friendships and excellent learning behavioral skills.The Forever Kids Programs at Baby Power were designed to develop the second phase in a child's development. Through arts and crafts, cooking, theme classes, gym play and science experiments, fine motor skills, hand-eye coordination, and self expression are culitvated while using creativity to have FUN.
Target market (Baby Power programs) not commonly targeted by other child-focused businesses (6 mos - 3 years old) (Forever Kids programs 3 years to six years)
Lifestyle business - flexible class schedule
Uncommon support from founder as new franchise is ramping up Evolving programs for children - multi-faceted programs challenging the emotional, intellectual and physical aspects of children; programs evolve as child grows
Parent-child enrichment programs - parents involved in child’s experience
Flexible hands-on or hands-off managerial approach
Six revenue streams: Baby Power Programs,( 6 mo - 3 years) Forever Kids Programs (3 years - 6 years) Birthday Parties, Open Gym, Two Hour Drop Off Programs 3-6 years, Preschool enrichment program, and Products (music, toys and coloring books)