Start-Up Costs and Fees |
||
| HOTWORX Studio | ShapeXpress | |
| Investment | 188070 - 351885 | 89500 - 152000 |
| Franchise Fee | 0 | |
| Royalty Fee | $550/mo. | Varies |
| Advertising Fee | ||
| Year Founded | 2016 | 2002 |
| Year Franchised | 2017 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HOTWORX Studio | ShapeXpress | |
| Experience | Marketing skills Sales skills, previous employee supervision skills | |
Financing Options |
||
| HOTWORX Studio | ShapeXpress | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HOTWORX Studio | ShapeXpress | |
| Training | Ongoing | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators) | |
Expansion Plans |
||
| HOTWORX Studio | ShapeXpress | |
| 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 | |
| ShapeXpress | |
| Franchise Fee | |
| HOTWORX Studio | |
| ShapeXpress | |
| Royalty Fee | |
| HOTWORX Studio | $550/mo. |
| ShapeXpress | Varies |
| Advertising Fee | |
| HOTWORX Studio | |
| ShapeXpress | |
| Year Founded | |
| HOTWORX Studio | 2016 |
| ShapeXpress | 2002 |
| Year Franchised | |
| HOTWORX Studio | 2017 |
| ShapeXpress | 2003 |
| Term Of Agreement | |
| HOTWORX Studio | |
| ShapeXpress | 10 years |
| Renewal Fee | |
| HOTWORX Studio | |
| ShapeXpress | $2.5K |
Business Experience Requirements |
|
| Experience | |
| HOTWORX Studio | |
| ShapeXpress | Marketing skills Sales skills, previous employee supervision skills |
Financing Options |
|
| Franchise Fees | |
| HOTWORX Studio | |
| ShapeXpress | |
| Start-up Costs | |
| HOTWORX Studio | |
| ShapeXpress | |
| Equipment | |
| HOTWORX Studio} | |
| ShapeXpress | |
| Inventory | |
| HOTWORX Studio | |
| ShapeXpress | |
| Receivables | |
| HOTWORX Studio | |
| ShapeXpress | |
| Payroll | |
| HOTWORX Studio | |
| ShapeXpress | |
Training & Support |
|
| Training | |
| HOTWORX Studio | |
| ShapeXpress | Ongoing |
| Support | |
| HOTWORX Studio | |
| ShapeXpress | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| HOTWORX Studio | |
| ShapeXpress | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| HOTWORX Studio | |
| ShapeXpress | Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is allowed. (35% 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 |
| ShapeXpress | |
| Canada Expansion | |
| HOTWORX Studio | |
| ShapeXpress | |
| International Expansion | |
| HOTWORX Studio | |
| ShapeXpress | |