|
Below is an in-depth analysis and side-by-side comparison of The Blitz vs Nitro Fitness for Men including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $49,500 - $89,500 | $55,500 - $76,500 |
Franchise Fee | $10,000 | $39,800 |
Royalty Fee | 0% | $498/month |
Advertising Fee | 0% | - |
Year Founded | 2002 | 2004 |
Year Franchised | 2002 | 2004 |
Term Of Agreement | 7 years | 7 years |
Term Of Agreement | 7 years | 7 years |
Renewal Fee | - | $5000 |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/No |
Training & Support |
||
Training | - | - |
Support | Newsletter, Toll-free phone line, Internet, Purchasing cooperatives | - |
Marketing | Ad slicks | - |
Operations |
6% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
NO LONGER FRANCHISING
The Nitro franchise business was created by experienced businessmen with systems, solutions and services designed for franchise owners. Franchising opportunities are available for a total capital investment of $55,500 to $76,500. Liquid capital required is only $30,000.