Nexgym Franchise

Children's interactive fitness program

Start-up Costs & Franchises Fees

What is the total cost to open a Nexgym Franchises?

Total Cost: $213,000 USD -$397,000 USD
Total Franchise Fees: $30,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: 25% of franchise fee

Contact Information for Nexgym

Nexgym 1430 E. Southlake Blvd. #110 Southlake, TX 76092

Phone Number: (888)696-8444 Fax Number: (636)412-9300 Franchise Homepage:

Nexgym In the Press

No results at this time.

Historical Expansion

In what year did Nexgym begin operations? 2005
When did Nexgym begin selling franchises? 2006

Year	United States	Canada	International	Corporate
2007	1	0	0	1

Future Expansion

United States: Nationwide

Franchise Financing Information

Cost	In House Financing Available?	3rd Party Financing Available?
Franchise Fee	No	No
Initial Start-up Capital	No	No
Plant, Property, and Equipment	Not Available	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Training & Support

Training
* Available at headquarters: 2 weeks

* At franchisee's location: 1 week

Franchise Operation Restrictions

* 0% of all franchise business owners own more than one franchise location.

* Number of employees needed to run franchised unit: 10

* Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)

Franchise Analyzer Professional's Inside Information

Can you buy this franchise for no money down? Yes
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

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