Start-Up Costs and Fees |
||
| House of Speed | Fitness Together | |
| Investment | 79500 - 999999 | 189162 - 328576 |
| Franchise Fee | 0 | |
| Royalty Fee | 10% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1998 | 1984 |
| Year Franchised | 0 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| House of Speed | Fitness Together | |
| Experience | Extensive business training and sports performance training *Sales = Med *Network / Community Involvement = High *Wants to be involved in kids lives = High | Industry experience |
Financing Options |
||
| House of Speed | Fitness Together | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| House of Speed | Fitness Together | |
| Training | 3-5 business days in Aurora, IL | 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 | Number of employees: *Business Manager/Owner *Head Athletic Trainer/Sales *Trainers | 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 |
||
| House of Speed | 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 | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| House of Speed | |
| Fitness Together | |
| Franchise Fee | |
| House of Speed | |
| Fitness Together | |
| Royalty Fee | |
| House of Speed | 10% |
| Fitness Together | 6% |
| Advertising Fee | |
| House of Speed | |
| Fitness Together | 2% |
| Year Founded | |
| House of Speed | 1998 |
| Fitness Together | 1984 |
| Year Franchised | |
| House of Speed | 0 |
| Fitness Together | 1996 |
| Term Of Agreement | |
| House of Speed | |
| Fitness Together | 10 years |
| Renewal Fee | |
| House of Speed | |
| Fitness Together | 25% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| House of Speed | Extensive business training and sports performance training *Sales = Med *Network / Community Involvement = High *Wants to be involved in kids lives = High |
| Fitness Together | Industry experience |
Financing Options |
|
| Franchise Fees | |
| House of Speed | |
| Fitness Together | |
| Start-up Costs | |
| House of Speed | |
| Fitness Together | |
| Equipment | |
| House of Speed} | |
| Fitness Together | |
| Inventory | |
| House of Speed | |
| Fitness Together | |
| Receivables | |
| House of Speed | |
| Fitness Together | |
| Payroll | |
| House of Speed | |
| Fitness Together | |
Training & Support |
|
| Training | |
| House of Speed | 3-5 business days in Aurora, IL |
| Fitness Together | Classroom Training: 40 hours |
| Support | |
| House of Speed | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| House of Speed | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| House of Speed | Number of employees: *Business Manager/Owner *Head Athletic Trainer/Sales *Trainers |
| 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 | |
| House of Speed | |
| 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 | |
| House of Speed | |
| Fitness Together | |
| International Expansion | |
| House of Speed | |
| Fitness Together | |