Fitness Together Franchise
Tuesday, April 27, 2010 at 11:04AM Personal trainers
Founded by Rick Sikorski in 1983, Fitness Together offers personal training sessions to clients between the ages of 15 and 80. The company, which began franchising in 1996, operates franchised studios across the United States.
Start-up Costs & Franchises Fees
What is the total cost to open a Fitness Together Franchises?
Total Cost: $141,800-$234,100
Total Franchise Fees: $29,000 USD -$34,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: 25% of current franchise fee
Contact Information for Fitness Together
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Fitness Together |
Phone Number: (303)663-0880 |
Fitness Together In the Press
No results at this time.Historical Expansion
In what year did Fitness Together begin operations? 1984
When did Fitness Together begin selling franchises? 1996
Year United States Canada International Corporate 2005 147 0 0 1 2004 102 0 0 1 2003 73 0 0 1 2002 50 0 0 1 2001 36 0 0 1
Future Expansion
Countries of Interest: Asia, Australia,New Zealand, Eastern Europe, Western Europe,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media
Franchise Operation Restrictions
International franchise business owners required to buy multiple units/master licenses; 10% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 3 - 5
Absentee ownership of franchise is allowed. (95% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Industry experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes