My Gym Children's Fitness Center vs Parker-Anderson Enrichment Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs Parker-Anderson Enrichment 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
Parker-Anderson Enrichment Franchise
Investment $36,760 - $277,200$15,980 - $81,100
Franchise Fee $25,000 - $55,000N/A
Royalty Fee 7%-8%8%
Advertising Fee 1%-
Year Founded 19832005
Year Franchised 19952014
Term Of Agreement 12 years-
Term Of Agreement 12 years-
Renewal Fee --


Business Experience Requirements
 
My Gym Children's Fitness Center Franchise
Parker-Anderson Enrichment Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    My Gym Children's Fitness Center Franchise
    Parker-Anderson Enrichment Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/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
    Parker-Anderson Enrichment Franchise
    Training On-The-Job Training: 40 hours Classroom Training: 19 hours On-The-Job Training: 2-6 hours Classroom Training: 18-22 hours Additional Training: Oline training
    Support Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Meetings/Conventions Toll-Free Line Online Support
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing National Media Website development
    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 Required to Run: 1 - 4

    Expansion Plans
     
    My Gym Children's Fitness Center Franchise
    Parker-Anderson Enrichment Franchise
    US Expansion YesYes
    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 Parker-Anderson Enrichment

    For over twenty-five years, Parker-Anderson Enrichment has offered the most diverse selection of kids programs
    that any franchise has to offer. Our motto is “Fun Comes First,” our intention is to educate through hands-on learning,
    and our hope is that students around the world can share our abundant array of classes.
    Considering that demand keeps growing for after school programs, and that shrinking school budgets increase the market for someone to take over hands-on learning

    …why not Parker-Anderson Enrichment? Why not you?

    "Entrepreneur
    #403 in Franchise 500 for 2020.
    #373 in Franchise 500 for 2021.