| ||||
Updated RecentlyHipKidz vs Nexgym Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of HipKidz vs Nexgym including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $250,000 | $213,000 - $397,000 |
| Franchise Fee | $20,000 | $30,000 |
| Royalty Fee | 7% | 6% |
| Advertising Fee | - | - |
| Year Founded | 2006 | 2005 |
| Year Franchised | 2010 | 2006 |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | 25% of franchise fee |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | No/No |
| Start-up Costs | -/- | No/No |
| Equipment | -/- | -/No |
| Inventory | -/- | No/No |
| Receivables | -/- | No/No |
| Payroll | -/- | No/No |
Training & Support |
||
| Training | - | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Support | - | - |
| Marketing | - | - |
| Operations | - | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
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 Nexgym
no longer franchising