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Updated RecentlyMy Gym Children's Fitness Center vs Kidcreate Studio Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs Kidcreate Studio including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $36,760 - $277,200 | $108,860 - $261,350 |
| Franchise Fee | $25,000 - $55,000 | $45,000 |
| Royalty Fee | 7%-8% | 8% |
| Advertising Fee | 1% | 1% |
| Year Founded | 1983 | 2007 |
| Year Franchised | 1995 | 2016 |
| Term Of Agreement | 12 years | - |
| Term Of Agreement | 12 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-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 | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training | On-The-Job Training: 40 hours Classroom Training: 19 hours | On-The-Job Training: 73 hours Classroom Training: 38 hours Additional Training: As needed |
| 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 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 | 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) | Number of Employees Required to Run: 4 - 12 |
Expansion Plans |
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| US Expansion | Yes | 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 Kidcreate Studio
!["Kidcreate]("https://kidcreate.com/oak/files/logos/kid-create-studios.fill.svg")
Owning a Kidcreate Studio franchise means enjoying many of the benefits
of small business ownership, including leaving the corporate grind
behind for a more flexible balance of work and home, taking control of
your financial destiny and charting a path for your future, and creating
a legacy that will serve your family and community for years to come. Owning a Kidcreate Studio offers you the dual benefit of a deep sense of purpose and a financially-rewarding career.
Kidcreate
offers a unique business model with the ability to bring our highly
sought-after curriculum to child friendly businesses in the community
with our mobile business, as well as the option to offer classes and
camps in a beautiful brick & mortar studio location. If you prefer,
you can start with the mobile business and add the studio on down the
line!
Partner with community
bodies united in the fight against the decline of art education, and you
can become a well-respected voice of change as the face of their local
Kidcreate Studio.
Kidcreate Studio is a
one-of-a-kind experiential business that cannot be replicated by the
online giants. Kidcreate Studio has thrived during the 2008/09 economic
crisis and now COVID-19. You’ll sleep soundly knowing your new business
is proven to be recession-resistant.
With the ability to open
locations in as little as 60 days, you can grow your Kidcreate Studio
empire to encompass the entire region with multiple units or stick to a
single location in your neighborhood- as a Franchise Owner, it’s up to
you!
With the On-The-Go model, you can start generating revenues from your
business almost immediately. Ongoing overhead costs are kept extremely
low for impressive profit margins. The ability to add a brick and mortar
studio down the line creates additional revenue streams and cross
marketing.