Start-Up Costs and Fees |
||
| Pink Iron | ShapeXpress | |
| Investment | 240000 - 350000 | 89500 - 152000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | Varies |
| Advertising Fee | up to 3% | |
| Year Founded | 2009 | 2002 |
| Year Franchised | 2015 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Pink Iron | ShapeXpress | |
| Experience | We are seeking those who are passionate about women's fitness, have local market and industry knowledge, experience in the fitness industry, and have a teamwork-ready attitude! If you are smart, kind, and coachable you are ready to be a Pink Iron owner! | Marketing skills Sales skills, previous employee supervision skills |
Financing Options |
||
| Pink Iron | ShapeXpress | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Pink Iron | ShapeXpress | |
| Training | White glove service with a full in-house training program, startup help, and ongoing trainings and meetings to keep everyone on the same page and with the most up-to-date information. We are committed to ensuring that every franchisee and their staff receives the very best training and support during the initial startup phase of the franchise. All owners and managers will come to the original Pink Iron location in sunny West Hollywood, CA and receive one-on-one training with our founder, celebrity trainer Holly Holton. Franchisees will walk through out systems, witness and learn how our flagship location is run, and leave with a deep understanding of what it takes to run a Pink Iron. Our Pink Iron franchise team is always available to visit on-location and help with any questions you might have or assistance you might require. We believe in being very hands-on to ensure that every Pink Iron is at the head of the market for women's fitness. | 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 | Owner-operators are essential to the success of a Pink Iron location. We require that any owner, or at least 1/2 of an ownership team/partnership take a full-time role in running their Pink Iron franchise. | 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 |
||
| Pink Iron | 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 | |
| Pink Iron | |
| ShapeXpress | |
| Franchise Fee | |
| Pink Iron | |
| ShapeXpress | |
| Royalty Fee | |
| Pink Iron | 7% |
| ShapeXpress | Varies |
| Advertising Fee | |
| Pink Iron | up to 3% |
| ShapeXpress | |
| Year Founded | |
| Pink Iron | 2009 |
| ShapeXpress | 2002 |
| Year Franchised | |
| Pink Iron | 2015 |
| ShapeXpress | 2003 |
| Term Of Agreement | |
| Pink Iron | |
| ShapeXpress | 10 years |
| Renewal Fee | |
| Pink Iron | |
| ShapeXpress | $2.5K |
Business Experience Requirements |
|
| Experience | |
| Pink Iron | We are seeking those who are passionate about women's fitness, have local market and industry knowledge, experience in the fitness industry, and have a teamwork-ready attitude! If you are smart, kind, and coachable you are ready to be a Pink Iron owner! |
| ShapeXpress | Marketing skills Sales skills, previous employee supervision skills |
Financing Options |
|
| Franchise Fees | |
| Pink Iron | |
| ShapeXpress | |
| Start-up Costs | |
| Pink Iron | |
| ShapeXpress | |
| Equipment | |
| Pink Iron} | |
| ShapeXpress | |
| Inventory | |
| Pink Iron | |
| ShapeXpress | |
| Receivables | |
| Pink Iron | |
| ShapeXpress | |
| Payroll | |
| Pink Iron | |
| ShapeXpress | |
Training & Support |
|
| Training | |
| Pink Iron | White glove service with a full in-house training program, startup help, and ongoing trainings and meetings to keep everyone on the same page and with the most up-to-date information. We are committed to ensuring that every franchisee and their staff receives the very best training and support during the initial startup phase of the franchise. All owners and managers will come to the original Pink Iron location in sunny West Hollywood, CA and receive one-on-one training with our founder, celebrity trainer Holly Holton. Franchisees will walk through out systems, witness and learn how our flagship location is run, and leave with a deep understanding of what it takes to run a Pink Iron. Our Pink Iron franchise team is always available to visit on-location and help with any questions you might have or assistance you might require. We believe in being very hands-on to ensure that every Pink Iron is at the head of the market for women's fitness. |
| ShapeXpress | Ongoing |
| Support | |
| Pink Iron | |
| ShapeXpress | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Pink Iron | |
| ShapeXpress | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Pink Iron | Owner-operators are essential to the success of a Pink Iron location. We require that any owner, or at least 1/2 of an ownership team/partnership take a full-time role in running their Pink Iron franchise. |
| 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 | |
| Pink Iron | 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 | |
| Pink Iron | |
| ShapeXpress | |
| International Expansion | |
| Pink Iron | |
| ShapeXpress | |