My Gym Children's Fitness Center vs KID-FIT Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs KID-FIT 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
KID-FIT Franchise
Investment $36,760 - $277,200$8,999 - $10,000
Franchise Fee $25,000 - $55,000N/A
Royalty Fee 7%-8%-
Advertising Fee 1%-
Year Founded 19831986
Year Franchised 19952005
Term Of Agreement 12 years-
Term Of Agreement 12 years-
Renewal Fee --


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

    Financing Options
     
    My Gym Children's Fitness Center Franchise
    KID-FIT 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
    KID-FIT 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
    KID-FIT 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 KID-FIT

    "KID-FIT

    KID-FIT is an affordable children’s business opportunity that is both profitable and rewarding. KID-FIT offers a low start up cost and quicker return on investment compared to other children’s fitness business opportunities and franchises, . You get everything you need with step by step instructions on how to build your business specifically, from the ground up, without prior sales experience. Designed for you and your specific area.

    What you need to get started:

    Additional Streams of Earnings:

    All Business licensees are automatically considered brokers for the KID-FIT program. As such, commission is earned on each sign up and each renewal. See KID-FIT Zones. Funds can also be generated from related sales on a number of KID-FIT branded merchandise items, apparel, and more as approved by the corporate office. Your drive, experience, motivation and determination will dictate how much money you earn. You’ll benefit from our complete Press Kit, 2-Year Building Relationships Marketing Plan, Demo Kit with step-by-step instructions, Sales Presentation Package, accounting plan with billing template, all administrative documents needed to run your business, office set-up and more as we constantly create and add items on request.