|
Below is an in-depth analysis and side-by-side comparison of Star Lady Fitness vs Polestar Pilates Studio including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $33,500 | $121,750 - $196,950 |
Franchise Fee | $25,000 | $24,900 |
Royalty Fee | $2/member | 6% |
Advertising Fee | - | 1.5% |
Year Founded | 2003 | 1998 |
Year Franchised | 2003 | 2015 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $1000 | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | At franchisee's location: 3-4 days | On-The-Job Training: 11 hours Classroom Training: 29 hours |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 2 - 2 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 4 |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
NO LONGER FRANCHISING
Polestar is an International authority with educators across 50 countries and education facilities in over 28 countries. Polestar has developed a low-cost, high-return business model for entrepreneurs and aspiring studio owners to meet the demands created by increasing health awareness and interests.