My Gym Children's Fitness Center vs House of Speed Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs House of Speed including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$36,760 - $277,200 | $79,500 - And Up |
Franchise Fee |
$25,000 - $55,000 | $39,500 |
Royalty Fee |
7%-8% | 10% |
Advertising Fee |
1% | - |
Year Founded |
1983 | 1998 |
Year Franchised |
1995 | 0 |
Term Of Agreement |
12 years | - |
Term Of Agreement |
12 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
Industry experience General business experience Marketing skills | Extensive business training and sports performance training
*Sales = Med
*Network / Community Involvement = High
*Wants to be involved in kids lives = High
|
Financing Options |
|
In-House/3rd Party | In-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 |
Training |
On-The-Job Training: 40 hours
Classroom Training: 19 hours
| 3-5 business days in Aurora, IL |
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) | Number of employees: *Business Manager/Owner
*Head Athletic Trainer/Sales
*Trainers |
Expansion Plans |
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 House of Speed
Explosion, Strength, Speed and Flexibility
House of Speed provides the best available sport-specific performance training.
House of Speed is continuously developing and refining the most current training techniques, enabling athletes to increase their overall speed, strength, explosiveness, agility and sport-specific ability. Our curriculum and weight training techniques were developed and designed by Don Beebe and Dr. Jeffrey Schutt who are well-known as leaders in the industry.
Our athletes compete in a wide variety of sports and are of diverse age ranges and skill levels. Therefore,
House of Speed designed its training programs to be diverse to meet the needs of each athlete. For example, our programs incorporate performance training and sport-specific training. Performance training is designed solely to make the athlete faster, stronger, more agile and explosive. Sport-specific training is designed to target athletic ability in the sport in which the athlete competes.
House of Speed has a customized training program for every sport, every position, and every skill level.
Apply to Become a Franchise
1. Individual Training (1-2 athletes)
2. Small Group Training (3-5 athletes)
3. Group Training (5 athletes or more)
4. Team Training (individual teams)
5. Camps (2-day camps in a specific city)
6. Sport Specific training
For more information about owning your own
House of Speed franchise please contact
[email protected]