Start-Up Costs and Fees |
||
| Metro 24/7 Fitness | Iron Tribe Fitness | |
| Investment | 200000 - 410000 | 300000 - 433500 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 1% | |
| Year Founded | 2004 | 2010 |
| Year Franchised | 2009 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Metro 24/7 Fitness | Iron Tribe Fitness | |
| Experience | ||
Financing Options |
||
| Metro 24/7 Fitness | Iron Tribe Fitness | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Metro 24/7 Fitness | Iron Tribe Fitness | |
| Training | Yes | On-The-Job Training: 20 hours Additional Training: Online pre-training course |
| Support | Yes | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 5 | |
Expansion Plans |
||
| Metro 24/7 Fitness | Iron Tribe 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 | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
| Franchise Fee | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
| Royalty Fee | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | 6% |
| Advertising Fee | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | 1% |
| Year Founded | |
| Metro 24/7 Fitness | 2004 |
| Iron Tribe Fitness | 2010 |
| Year Franchised | |
| Metro 24/7 Fitness | 2009 |
| Iron Tribe Fitness | 2012 |
| Term Of Agreement | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
| Renewal Fee | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
Business Experience Requirements |
|
| Experience | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
Financing Options |
|
| Franchise Fees | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
| Start-up Costs | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
| Equipment | |
| Metro 24/7 Fitness} | |
| Iron Tribe Fitness | |
| Inventory | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
| Receivables | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
| Payroll | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
Training & Support |
|
| Training | |
| Metro 24/7 Fitness | Yes |
| Iron Tribe Fitness | On-The-Job Training: 20 hours Additional Training: Online pre-training course |
| Support | |
| Metro 24/7 Fitness | Yes |
| Iron Tribe Fitness | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | Absentee Ownership Allowed Number of Employees Required to Run: 5 |
Expansion Plans |
|
| US Expansion | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | 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 | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |
| International Expansion | |
| Metro 24/7 Fitness | |
| Iron Tribe Fitness | |