Start-Up Costs and Fees |
||
| HOTWORX Studio | Fitness Together | |
| Investment | 188070 - 351885 | 189162 - 328576 |
| Franchise Fee | 0 | |
| Royalty Fee | $550/mo. | 6% |
| Advertising Fee | 2% | |
| Year Founded | 2016 | 1984 |
| Year Franchised | 2017 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HOTWORX Studio | Fitness Together | |
| Experience | Industry experience | |
Financing Options |
||
| HOTWORX Studio | Fitness Together | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HOTWORX Studio | Fitness Together | |
| Training | Classroom Training: 40 hours | |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| HOTWORX Studio | Fitness Together | |
| 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 | 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 | |
| Fitness Together | |
| Franchise Fee | |
| HOTWORX Studio | |
| Fitness Together | |
| Royalty Fee | |
| HOTWORX Studio | $550/mo. |
| Fitness Together | 6% |
| Advertising Fee | |
| HOTWORX Studio | |
| Fitness Together | 2% |
| Year Founded | |
| HOTWORX Studio | 2016 |
| Fitness Together | 1984 |
| Year Franchised | |
| HOTWORX Studio | 2017 |
| Fitness Together | 1996 |
| Term Of Agreement | |
| HOTWORX Studio | |
| Fitness Together | 10 years |
| Renewal Fee | |
| HOTWORX Studio | |
| Fitness Together | 25% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| HOTWORX Studio | |
| Fitness Together | Industry experience |
Financing Options |
|
| Franchise Fees | |
| HOTWORX Studio | |
| Fitness Together | |
| Start-up Costs | |
| HOTWORX Studio | |
| Fitness Together | |
| Equipment | |
| HOTWORX Studio} | |
| Fitness Together | |
| Inventory | |
| HOTWORX Studio | |
| Fitness Together | |
| Receivables | |
| HOTWORX Studio | |
| Fitness Together | |
| Payroll | |
| HOTWORX Studio | |
| Fitness Together | |
Training & Support |
|
| Training | |
| HOTWORX Studio | |
| Fitness Together | Classroom Training: 40 hours |
| Support | |
| HOTWORX Studio | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| HOTWORX Studio | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| HOTWORX Studio | |
| Fitness Together | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
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 |
| Fitness Together | 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 | |
| HOTWORX Studio | |
| Fitness Together | |
| International Expansion | |
| HOTWORX Studio | |
| Fitness Together | |