Start-Up Costs and Fees |
||
| HOTWORX Studio | 21 Minute Convenience Fitness | |
| Investment | 188070 - 351885 | 124500 - 195300 |
| Franchise Fee | 0 | |
| Royalty Fee | $550/mo. | 3% |
| Advertising Fee | ||
| Year Founded | 2016 | 2003 |
| Year Franchised | 2017 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HOTWORX Studio | 21 Minute Convenience Fitness | |
| Experience | ||
Financing Options |
||
| HOTWORX Studio | 21 Minute Convenience Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HOTWORX Studio | 21 Minute Convenience Fitness | |
| Training | Internet | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks | |
| Operations | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| HOTWORX Studio | 21 Minute Convenience 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |
| Franchise Fee | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |
| Royalty Fee | |
| HOTWORX Studio | $550/mo. |
| 21 Minute Convenience Fitness | 3% |
| Advertising Fee | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |
| Year Founded | |
| HOTWORX Studio | 2016 |
| 21 Minute Convenience Fitness | 2003 |
| Year Franchised | |
| HOTWORX Studio | 2017 |
| 21 Minute Convenience Fitness | 2005 |
| Term Of Agreement | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | 10 years |
| Renewal Fee | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | 25% of fran. fee |
Business Experience Requirements |
|
| Experience | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |
Financing Options |
|
| Franchise Fees | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |
| Start-up Costs | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |
| Equipment | |
| HOTWORX Studio} | |
| 21 Minute Convenience Fitness | |
| Inventory | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |
| Receivables | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |
| Payroll | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |
Training & Support |
|
| Training | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | Internet |
| Support | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| Operations | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| HOTWORX Studio | 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 |
| 21 Minute Convenience Fitness | |
| Canada Expansion | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |
| International Expansion | |
| HOTWORX Studio | |
| 21 Minute Convenience Fitness | |