Start-Up Costs and Fees |
||
| Blink Fitness | Beverly Hills Weight Loss and Wellness | |
| Investment | 637000 - 2150000 | 64000 - 96000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 5% | |
| Year Founded | 2010 | 1988 |
| Year Franchised | 2015 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Blink Fitness | Beverly Hills Weight Loss and Wellness | |
| Experience | 5+ years of relevant business experience or operator with that level of experience | General business experience Marketing skills Sales experience |
Financing Options |
||
| Blink Fitness | Beverly Hills Weight Loss and Wellness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Blink Fitness | Beverly Hills Weight Loss and Wellness | |
| Training | We offer an industry-leading 150 hours of training to prepare you to run your Blink business successfully. This training includes: Orientation that includes a thorough overview of the business Deep-dive classroom and virtual training on each area of the Blink business Hands-on operational training at one of our gyms A support person who will spend up to a week at your location during your club opening. | Ongoing training |
| Support | When you join the Blink Fitness family as a franchise owner, you gain instant access to one of the most well-rounded executive teams in the business. In addition to having deep roots in the fitness industry, our leadership team brings a mix of experience from world-class companies that includes Equinox, Dunkin Donuts, Pepsi, Procter & Gamble, Whole Foods Market, Starbucks, and Ann Taylor. | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks | |
| Operations | Number of employees required > about 20 Owner/operator required Absentee ownership allowed | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Blink Fitness | Beverly Hills Weight Loss and Wellness | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Franchise Fee | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Royalty Fee | |
| Blink Fitness | 5% |
| Beverly Hills Weight Loss and Wellness | 6% |
| Advertising Fee | |
| Blink Fitness | 5% |
| Beverly Hills Weight Loss and Wellness | |
| Year Founded | |
| Blink Fitness | 2010 |
| Beverly Hills Weight Loss and Wellness | 1988 |
| Year Franchised | |
| Blink Fitness | 2015 |
| Beverly Hills Weight Loss and Wellness | 1989 |
| Term Of Agreement | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | 5 years |
| Renewal Fee | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | |
Business Experience Requirements |
|
| Experience | |
| Blink Fitness | 5+ years of relevant business experience or operator with that level of experience |
| Beverly Hills Weight Loss and Wellness | General business experience Marketing skills Sales experience |
Financing Options |
|
| Franchise Fees | |
| Blink Fitness | No |
| Beverly Hills Weight Loss and Wellness | No |
| Start-up Costs | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Equipment | |
| Blink Fitness} | |
| Beverly Hills Weight Loss and Wellness | |
| Inventory | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Receivables | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Payroll | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | |
Training & Support |
|
| Training | |
| Blink Fitness | We offer an industry-leading 150 hours of training to prepare you to run your Blink business successfully. This training includes: Orientation that includes a thorough overview of the business Deep-dive classroom and virtual training on each area of the Blink business Hands-on operational training at one of our gyms A support person who will spend up to a week at your location during your club opening. |
| Beverly Hills Weight Loss and Wellness | Ongoing training |
| Support | |
| Blink Fitness | When you join the Blink Fitness family as a franchise owner, you gain instant access to one of the most well-rounded executive teams in the business. In addition to having deep roots in the fitness industry, our leadership team brings a mix of experience from world-class companies that includes Equinox, Dunkin Donuts, Pepsi, Procter & Gamble, Whole Foods Market, Starbucks, and Ann Taylor. |
| Beverly Hills Weight Loss and Wellness | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | Co-op advertising, Ad slicks |
| Operations | |
| Blink Fitness | Number of employees required > about 20 Owner/operator required Absentee ownership allowed |
| Beverly Hills Weight Loss and Wellness | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Blink 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 |
| Beverly Hills Weight Loss and Wellness | |
| Canada Expansion | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| International Expansion | |
| Blink Fitness | |
| Beverly Hills Weight Loss and Wellness | |