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

 
My Gym Children's Fitness Center Franchise
Skyhawks Franchise
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 19831979
Year Franchised 19952007
Term Of Agreement 12 years7 years
Term Of Agreement 12 years7 years
Renewal Fee --


Business Experience Requirements

 
My Gym Children's Fitness Center Franchise
Skyhawks Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
  • -

    Financing Options

     
    My Gym Children's Fitness Center Franchise
    Skyhawks Franchise
      In-House/3rd PartyIn-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

     
    My Gym Children's Fitness Center Franchise
    Skyhawks Franchise
    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

     
    My Gym Children's Fitness Center Franchise
    Skyhawks Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion YesYes

    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
    "Entrepreneur
    #217 in Franchise 500 for 2020.
    #137 in Franchise 500 for 2021.