HipKidz vs Retro Fitness Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of HipKidz vs Retro Fitness including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
HipKidz Franchise
Retro Fitness Franchise
Investment $250,000$939,250 - $1,600,500
Franchise Fee $20,000$69,000
Royalty Fee 7%5%
Advertising Fee -2%
Year Founded 20062002
Year Franchised 20102006
Term Of Agreement -10 years
Term Of Agreement -10 years
Renewal Fee --


Business Experience Requirements
 
HipKidz Franchise
Retro Fitness Franchise
Experience -Net worth requirement: $1M+ Cash liquidity requirement: $200K Business Experience: * General business experience

Financing Options
 
HipKidz Franchise
Retro Fitness Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/-No/Yes
Start-up Costs -/-No/Yes
Equipment -/-No/Yes
Inventory -/-No/Yes
Receivables -/-No/Yes
Payroll -/-No/Yes

Training & Support
 
HipKidz Franchise
Retro Fitness Franchise
Training - On-The-Job Training: 50 hours Classroom Training: 20 hours
Support -Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing -Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations -* 25% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 - 20 * Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators)

Expansion Plans
 
HipKidz Franchise
Retro Fitness Franchise
US Expansion -Yes
Canada Expansion NoNo
International Expansion NoYes

Company Overviews

About HipKidz

Chidren's Sports and Fitness centre for kids between the ages of 5-13 and is pretty high tech but great fun. The Process of Franchising will commence in Autumn 2010. To register your interest please email us at [email protected]

About Retro Fitness

Eric Casaburi began Retro Fitness with a simple philosophy, "More fitness, Less money, by providing an exciting and inviting environment for exercising, fitting to any fitness enthusiast budget". We are actively looking for qualified entrepreneurs with the motivation and determination to build a successful business.
A qualified Retro Fitness Franchise candidate appreciates and understands excellent customer service, enjoys interacting with the general public, has a general understanding of management/budgets, has significant financial resources, and is comfortable following established business parameters. Candidates fitting these criteria are invited to take the next step in finding out if a Retro Fitness Franchise is the business opportunity for you by completing our online application. As a Retro Fitness Franchisee you will have the opportunity to reap the rewards that are produced through consistent application of our business practices that benefit our thousands of members everyday. It's an awesome time for Retro Fitness, enjoying the benefits of keeping people healthy and fit while earning a living.
 PRODUCTS AND SERVICES
A sample of some of the products and services you may offer as a Retro fitness Franchisee include:
 * Full Service Fitness Center including: 50+ pieces of various Cardiovascular equipment. Various CircuitTraining/Strength Training equipment and Free Weights.
 * RetroBlends Juice Bar
 * Personal Training Services
 * Tanning
 * Retro Cardio Movie Theatre
Veteran Incentives  10% off franchise fee

"Entrepreneur
#474 in Franchise 500 for 2020.