My Gym Children's Fitness Center vs Skyhawks Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs Skyhawks including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$36,760 - $277,200 | $30,800 - $94,500 |
Franchise Fee |
$25,000 - $55,000 | $17,500 - $42,500 |
Royalty Fee |
7%-8% | 9% -6% |
Advertising Fee |
1% | - |
Year Founded |
1983 | 1979 |
Year Franchised |
1995 | 2007 |
Term Of Agreement |
12 years | 7 years |
Term Of Agreement |
12 years | 7 years |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
Industry experience General business experience Marketing skills | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/Yes | -/Yes |
Start-up Costs |
No/Yes | -/Yes |
Equipment |
No/Yes | -/Yes |
Inventory |
No/Yes | -/Yes |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
On-The-Job Training: 40 hours
Classroom Training: 19 hours
|
On-The-Job Training: 24 hours
Classroom Training: 16 hours
Additional Training: Software training
|
Support |
Purchasing Co-ops
Newsletter
Meetings/Conventions
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
| Purchasing Co-ops
Newsletter
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Proprietary Software
|
Marketing |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
| Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app
|
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) | Absentee Ownership Allowed
Number of Employees Required to Run: 1 - 7 |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
No | - |
International Expansion |
Yes | Yes |
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 Skyhawks
Since 1979, over 1,000,000 children have participated in a Skyhawks program! Skyhawks is the nation's leader in sports programs for children. Skyhawks is a brand with national exposure and appeal - and offers a dependable and rewarding business to own. With the Skyhawks system, franchisees will teach children and young adults meaningful life lessons through athletics. Franchisees will have exclusive territories to operate athletic camps and programs in a variety of sports for local schools, park and recreation departments, and other community-based organizations - wherever children are found.
Skyhawks has developed a system to sell its services, market its programs, and hire and train employees to implement those programs.
The Skyhawks Program is founded upon a coaching philosophy and methodology that have evolved and been fine-tuned for over 25 years.
The Skyhawks Program also includes marketing strategies and the technology to manage events, marketing, and staff,
all of which are clearly outlined in the Skyhawks Confidential Operations Manual.
The total investment necessary to begin operation of a Skyhawks
franchised business is between $30,800 and $71,750. This includes
$17,500 to $42,500 that must be paid to the franchisor or its
affiliate(s).
The total investment necessary to begin operation of a Skyhawks franchised
business with one additional territory is between $41,650 and $94,500.
This includes $28,350 to $65,250 that must be paid to the franchisor or
its affiliate(s).
Veteran Incentives 30% off franchise fee
#217 in Franchise 500 for 2020.
#137 in Franchise 500 for 2021.