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Updated RecentlyTime For Fitness vs Majestic Residences Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Time For Fitness vs Majestic Residences including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $58,000 - $68,000 | $108,090 - $860,400 |
| Franchise Fee | $30,000 | $60,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | - | - |
| Year Founded | 2004 | 2020 |
| Year Franchised | 2005 | 2020 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $5K | - |
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/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | Co-op advertising, Regional advertising | - |
| Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Time For Fitness
NO LONGER FRANCHISING
About Majestic Residences
!["Majestic]("https://fddexchange.com/wp-content/uploads/2020/12/Majestic-Residences-300x160.jpg")
Majestic Residences Franchise Systems, LLC offers franchises for
businesses that deliver non-medical care in a group residential home
setting that
is performed by trained caregivers around the clock, seven days a week.Majestic Residences System also provide guidance in the acquisition, construction, and
operation of a residential assisted living home. These homes provide 24
hour care including all meals, assistance with activities of daily
living, which can include bathing, cleaning, dressing, showering,
toileting, medication management, and social activities.
We're Not Waiting for the Future of Residential Care, We're Creating It
The total investment necessary to begin operation of your Majestic
Residences Business ranges from $123,240 to $860,400 that must be paid
to the franchisor and their affiliates, or third party vendors. This
includes up to $49,500 that must be paid to the Franchisor or affiliate.
If you convert an existing, licensed home to their Franchise System,
the total investment necessary to begin operation of your Majestic
Residences Business ranges from $18,090 to $77,900. This includes up to
$10,000 that must be paid to the Franchisor or affiliate.