ShapeXpress Franchise
Tuesday, April 27, 2010 at 06:43AM Women's-only fitness centers
Proven results for members AND franchise business owners!
Join our success in the $14.8 billion fitness industry! ShapeXpress for Women is setting the standard for women's only fitness franchise opportunities.
"Amazing support from the corporate office." That's what our franchise business owners are saying about ShapeXpress. Support in every area of starting and operating your club: finding a location, negotiating a lease, decor & build-out, financing, marketing, membership sales, daily operations, billing, member tracking, hiring and more. Each franchisee is assigned a Franchise Support Executive to personally assist with setting goals and addressing concerns. Weekly conference calls keep our franchise business owners in communication with our corporate office and each other.
Among U.S. franchises, 65% consist of fewer than 100 stores and 49% have under 50 locations. Compare this to ShapeXpress, which in its first 3 years of offering, has sold over 300 franchises!
Start-up Costs & Franchises Fees
What is the total cost to open a ShapeXpress Franchises?
Total Cost: $89,500-$152,000 USD
Total Franchise Fees: $20,000 USD
Ongoing Royalty Fees: Varies
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $2.5K
Contact Information for ShapeXpress
|
ShapeXpress Inc. |
Phone Number: 954-449-4709 |
ShapeXpress In the Press
No results at this time.Historical Expansion
In what year did ShapeXpress begin operations? 2002
When did ShapeXpress begin selling franchises? 2003
Year United States Canada International Corporate 2004 32 0 0 1 2003 3 0 0 1 2002 0 0 0 0 2001 Not Available Not Available Not Available Not Available 2000 Not Available Not Available Not Available Not Available
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 Yes
Training & Support
Training
Ongoing
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Marketing
Cooperative advertising, Ad slicks, Regional advertising support
Franchise Operation Restrictions
Franchise business owners required to buy multiple units/master licensesNumber of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is allowed. (35% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Sales & marketing experience Sales skills, previous employee supervision skills
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