Start-Up Costs and Fees |
||
| Bally Total Fitness | Iron Tribe Fitness | |
| Investment | 1000000 - 2500000 | 300000 - 433500 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 1% | |
| Year Founded | 1962 | 2010 |
| Year Franchised | 1997 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Bally Total Fitness | Iron Tribe Fitness | |
| Experience | ||
Financing Options |
||
| Bally Total Fitness | Iron Tribe Fitness | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Bally Total Fitness | Iron Tribe Fitness | |
| Training | On-The-Job Training: 20 hours Additional Training: Online pre-training course | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 5 | |
Expansion Plans |
||
| Bally Total Fitness | Iron Tribe Fitness | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |
| Franchise Fee | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |
| Royalty Fee | |
| Bally Total Fitness | |
| Iron Tribe Fitness | 6% |
| Advertising Fee | |
| Bally Total Fitness | |
| Iron Tribe Fitness | 1% |
| Year Founded | |
| Bally Total Fitness | 1962 |
| Iron Tribe Fitness | 2010 |
| Year Franchised | |
| Bally Total Fitness | 1997 |
| Iron Tribe Fitness | 2012 |
| Term Of Agreement | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |
| Renewal Fee | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |
Business Experience Requirements |
|
| Experience | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |
Financing Options |
|
| Franchise Fees | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |
| Start-up Costs | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |
| Equipment | |
| Bally Total Fitness} | |
| Iron Tribe Fitness | |
| Inventory | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |
| Receivables | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |
| Payroll | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |
Training & Support |
|
| Training | |
| Bally Total Fitness | |
| Iron Tribe Fitness | On-The-Job Training: 20 hours Additional Training: Online pre-training course |
| Support | |
| Bally Total Fitness | |
| Iron Tribe Fitness | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Bally Total Fitness | |
| Iron Tribe Fitness | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Bally Total Fitness | |
| Iron Tribe Fitness | Absentee Ownership Allowed Number of Employees Required to Run: 5 |
Expansion Plans |
|
| US Expansion | |
| Bally Total Fitness | |
| Iron Tribe Fitness | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Bally Total Fitness | 0 |
| Iron Tribe Fitness | |
| International Expansion | |
| Bally Total Fitness | |
| Iron Tribe Fitness | |