| ||||
Updated RecentlyMonkey Joe's vs Nexgym Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Monkey Joe's vs Nexgym including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $918,088 - $1,484,129 | $213,000 - $397,000 |
| Franchise Fee | $40,000 | $30,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 2%-3% | - |
| Year Founded | 2004 | 2005 |
| Year Franchised | 2005 | 2006 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | 0 | 25% of franchise fee |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | -/No |
| Inventory | No/Yes | No/No |
| Receivables | No/Yes | No/No |
| Payroll | No/Yes | 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 Monkey Joe's
When you become a Monkey Joe's franchisee, you'll benefit from our help every step of the way. Our experts will provide training and ongoing support to help you successfully build your business. We assist and support all franchisees with:
Site Selection
Store Build-Out and Consultation
Finance Package
Equipment Package
Complete Training Program
Operations Manual and Ongoing Support
Marketing and Public Relations Support
About Nexgym
no longer franchising