Ellipse Fitness vs Mayweather Boxing + Fitness Franchise Comparison

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

Start-Up Costs and Fees
 
Ellipse Fitness Franchise
Mayweather Boxing + Fitness Franchise
Investment $80,000 - $120,000$39,500 - $698,000
Franchise Fee $29,000$39,500
Royalty Fee 5%-
Advertising Fee --
Year Founded 20022018
Year Franchised 20062018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Ellipse Fitness Franchise
Mayweather Boxing + Fitness Franchise
Experience --

Financing Options
 
Ellipse Fitness Franchise
Mayweather Boxing + Fitness Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Ellipse Fitness Franchise
Mayweather Boxing + Fitness Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Ellipse Fitness Franchise
Mayweather Boxing + Fitness Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Ellipse Fitness

With combined annual revenue of $15 billion dollars, the fitness industry is hot! We would like to introduce to you, Ellipse Fitness, a different kind of fitness franchise. We're not a 30 minute circuit, not your typical gym. Ellipse provides members a unique "classes only" concept and a state-of-the-art nutrition program, both results driven! Unlike competitor fitness concepts, Ellipse provides both fitness and weight loss, and does them well. With unpublished, unannounced and ever changing classes, exercise programs for all fitness levels, and personalized weight loss, Ellipse has created an amazing niche in the industry. We offer our core program of 7 class times a day. We also offer an AMP'D program of super high-intensity classes. When you join our team you will quickly see that the same passion, dedication, honesty and enthusiasm that we began Ellipse with, has been poured into supporting our franchisees. We are experienced, trained, fitness certified, and ready to bring you the benefits of being part of an established team and a recognized brand. History The first Ellipse Fitness was founded in 2002 because the company saw a need for a facility that specialized in personal attention and goals, rather than weights and equipment. In 2004 Ellipse opened a second location to test the franchise systems. In September 2006 the company began selling franchises, and in January 2007 the first franchise location opened in WI. Ellipse now has several locations in the Midwest and is prepared to go national. Our current franchisees will attest to the fact that this system works! The weight loss and fitness industry has never been in a better position to change the world!

About Mayweather Boxing + Fitness

"Mayweather

Invest in your future with Team Mayweather. Join our fast-growing and financially attractive franchise platform. Developed throughout two decades of Floyd’s career, we have become the most exciting brand in fitness today. Our franchisees are supported by an industry-leading team who have built multiple successful fitness franchise brands.

The Initial Franchise Fee is $15,000 to convert an existing fitness-related business into a Mayweather Boxing + Fitness™ business (“Conversion Model”) or $39,500 for a new startup business (“Standard Model”) with protected rights to operate in a specific area as defined by the franchisor. Additional franchises may be available for those franchisees who have bought at least one franchise, at a reduced fee of $29,500 per Franchise.
The total investment necessary to begin the operation of a Mayweather Boxing + Fitness™ franchise ranges from $116,000 to $405,000 for a Conversion Model and from $282,000 to $698,000 for a Standard Model which will depend on a number of factors which are further discussed in Item 7 of the FDD. Regardless of the model, this includes $42,485 to $48,825 that must be paid to Franchisor or an affiliate. This includes the Initial Franchise Fee of $15,000 for a Conversion Model or $39,500 for a Standard Model (as discussed in Item 5) that must be paid to the Franchisor or affiliate.
The franchisor also may grant multi-unit development right to qualified franchisees, who then will have the right to develop a number of Mayweather Boxing + Fitness™ businesses under a Development Rider. The Initial Franchisee Fee for the first franchise purchased is $39,500 with the same initial investment for the Standard Model as described above, plus a non-refundable Development Fee which is a deposit of $14,500 for each additional Mayweather Boxing + Fitness™ business to be developed. The Development Fee is applied to the reduced franchise fee of $29,500 for each additional Franchise to be developed.