Start-Up Costs and Fees |
||
| Monkey Joe's | Nexgym | |
| Investment | 918088 - 1484129 | 213000 - 397000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | 2%-3% | |
| Year Founded | 2004 | 2005 |
| Year Franchised | 2005 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Monkey Joe's | Nexgym | |
| Experience | ||
Financing Options |
||
| Monkey Joe's | Nexgym | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Monkey Joe's | Nexgym | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | |
| Support | ||
| Marketing | ||
| Operations | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Monkey Joe's | Nexgym | |
| 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Monkey Joe's | |
| Nexgym | |
| Franchise Fee | |
| Monkey Joe's | |
| Nexgym | |
| Royalty Fee | |
| Monkey Joe's | 5% |
| Nexgym | 6% |
| Advertising Fee | |
| Monkey Joe's | 2%-3% |
| Nexgym | |
| Year Founded | |
| Monkey Joe's | 2004 |
| Nexgym | 2005 |
| Year Franchised | |
| Monkey Joe's | 2005 |
| Nexgym | 2006 |
| Term Of Agreement | |
| Monkey Joe's | 10 years |
| Nexgym | 10 years |
| Renewal Fee | |
| Monkey Joe's | 0 |
| Nexgym | 25% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| Monkey Joe's | |
| Nexgym | |
Financing Options |
|
| Franchise Fees | |
| Monkey Joe's | No |
| Nexgym | No |
| Start-up Costs | |
| Monkey Joe's | |
| Nexgym | |
| Equipment | |
| Monkey Joe's} | |
| Nexgym | |
| Inventory | |
| Monkey Joe's | |
| Nexgym | |
| Receivables | |
| Monkey Joe's | |
| Nexgym | |
| Payroll | |
| Monkey Joe's | |
| Nexgym | |
Training & Support |
|
| Training | |
| Monkey Joe's | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Support | |
| Monkey Joe's | |
| Nexgym | |
| Marketing | |
| Monkey Joe's | |
| Nexgym | |
| Operations | |
| Monkey Joe's | |
| Nexgym | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Monkey Joe's | |
| Nexgym | 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 | |
| Monkey Joe's | 0 |
| Nexgym | |
| International Expansion | |
| Monkey Joe's | |
| Nexgym | |