My Gym Children's Fitness Center vs Monkey Bizness Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs Monkey Bizness 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
Monkey Bizness Franchise
Investment $36,760 - $277,200$350,000 - $585,000
Franchise Fee $25,000 - $55,000$30,000
Royalty Fee 7%-8%-
Advertising Fee 1%-
Year Founded 19832003
Year Franchised 19952006
Term Of Agreement 12 years-
Term Of Agreement 12 years-
Renewal Fee --


Business Experience Requirements
 
My Gym Children's Fitness Center Franchise
Monkey Bizness Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    My Gym Children's Fitness Center Franchise
    Monkey Bizness Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    My Gym Children's Fitness Center Franchise
    Monkey Bizness Franchise
    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 -
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing -
    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)

    		-

    Expansion Plans
     
    My Gym Children's Fitness Center Franchise
    Monkey Bizness Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion 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 Monkey Bizness

    Monkey Bizness is an exciting concept in children's amusement where kids truly can 'monkey around'! With colorful, interactive and exciting play structures of all shapes and sizes, kids will never get bored of climbing, bouncing, swinging, sliding and basically-going bananas! We believe in providing wholesome, activity based facilities to get kids off the couch and exercising their bodies and minds. That's why you'll never find video games at Monkey Bizness, only the latest in super fun, super exciting interactive inflatables, play structures,climbing walls, and games. And, don't forget the toddlers' we've got a separate section just for the little ones. A successful franchise doesn't need to have a big name, after all, what does a big name mean to you if you don't have the freshest concept, best support and the ability to keep your facility up to date and competitive. Monkey Bizness started with the idea that in order to grow and remain competitive, we needed facilities that could constantly evolve, grow, and keep customers coming back year after year. We developed our slogan 'where kids monkey around' because we will always be a fun, exciting place for kids and parents to play, regardless of the attractions in our play rooms. We have developed relationships with equipment manufacturers in various industries to design the most physically exciting and visually stimulating equipment for our facilities, all the while keeping an eye out for what's next on the horizon to keep our concept fresh. Ultimately, that's the name of the game in children's amusement. And that is what we offer as a franchisor, a progressive business model that has proven itself against the industry's top competitors. So, you can choose a bigger name, but at the end of the day, wouldn't you rather choose a business model that brings kids through the door, not accolades from the latest business publication?