|
Below is an in-depth analysis and side-by-side comparison of Fit Zone For Women vs Retro Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $100,100 - $150,450 | $939,250 - $1,600,500 |
Franchise Fee | $25,000 | $69,000 |
Royalty Fee | Varies | 5% |
Advertising Fee | - | 2% |
Year Founded | 2003 | 2002 |
Year Franchised | 2006 | 2006 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | Net worth requirement: $1M+ Cash liquidity requirement: $200K Business Experience: * General business experience |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
||
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 |
||
US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | No | Yes |
Just ask any of our tens of thousands of club members. As soon as they laid eyes on a Fit Zone for Women health club, they knew it was exactly what they had been looking for. That is why most of our franchisees were originally members of a Fit Zone For Women club! Fit Zone For Women is the ONLY health club that was designed exclusively for women, by women. Gretchen Shannon, our President and CEO, along with a panel of female health experts, designed Fit Zone For Women to be the only full facility health club for women. From the exclusive Nautilus For Women strength training equipment to our cardio machines and group exercise classes, Fit Zone is a REAL HEALTH CLUB, just without men. This is why Fit Zone For Women is one of the fastest growing health club franchises in the United States today.