Start-Up Costs and Fees |
||
| IM=X Pilates Studio | Fitness Together | |
| Investment | 66000 - 150000 | 189162 - 328576 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Varies | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1994 | 1984 |
| Year Franchised | 2003 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| IM=X Pilates Studio | Fitness Together | |
| Experience | Industry experience | Industry experience |
Financing Options |
||
| IM=X Pilates Studio | Fitness Together | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| IM=X Pilates Studio | Fitness Together | |
| Training | Classroom Training: 40 hours | |
| Support | Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media | 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 |
||
| IM=X Pilates 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 | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| IM=X Pilates Studio | |
| Fitness Together | |
| Franchise Fee | |
| IM=X Pilates Studio | |
| Fitness Together | |
| Royalty Fee | |
| IM=X Pilates Studio | Varies |
| Fitness Together | 6% |
| Advertising Fee | |
| IM=X Pilates Studio | |
| Fitness Together | 2% |
| Year Founded | |
| IM=X Pilates Studio | 1994 |
| Fitness Together | 1984 |
| Year Franchised | |
| IM=X Pilates Studio | 2003 |
| Fitness Together | 1996 |
| Term Of Agreement | |
| IM=X Pilates Studio | 10 years |
| Fitness Together | 10 years |
| Renewal Fee | |
| IM=X Pilates Studio | |
| Fitness Together | 25% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| IM=X Pilates Studio | Industry experience |
| Fitness Together | Industry experience |
Financing Options |
|
| Franchise Fees | |
| IM=X Pilates Studio | No |
| Fitness Together | No |
| Start-up Costs | |
| IM=X Pilates Studio | |
| Fitness Together | |
| Equipment | |
| IM=X Pilates Studio} | |
| Fitness Together | |
| Inventory | |
| IM=X Pilates Studio | |
| Fitness Together | |
| Receivables | |
| IM=X Pilates Studio | |
| Fitness Together | |
| Payroll | |
| IM=X Pilates Studio | |
| Fitness Together | |
Training & Support |
|
| Training | |
| IM=X Pilates Studio | |
| Fitness Together | Classroom Training: 40 hours |
| Support | |
| IM=X Pilates Studio | Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| IM=X Pilates Studio | Co-op advertising, Ad slicks, National media |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| IM=X Pilates 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 | |
| IM=X Pilates Studio | |
| 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 | |
| IM=X Pilates Studio | |
| Fitness Together | |
| International Expansion | |
| IM=X Pilates Studio | |
| Fitness Together | |