Start-Up Costs and Fees |
||
| Precision Fitness | Fitness Together | |
| Investment | 87550 - 107000 | 189162 - 328576 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 0 | 1984 |
| Year Franchised | 0 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Precision Fitness | Fitness Together | |
| Experience | Industry experience | |
Financing Options |
||
| Precision Fitness | Fitness Together | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Precision Fitness | Fitness Together | |
| Training | 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 | 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 |
||
| Precision Fitness | 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 | |
| Precision Fitness | |
| Fitness Together | |
| Franchise Fee | |
| Precision Fitness | |
| Fitness Together | |
| Royalty Fee | |
| Precision Fitness | |
| Fitness Together | 6% |
| Advertising Fee | |
| Precision Fitness | |
| Fitness Together | 2% |
| Year Founded | |
| Precision Fitness | 0 |
| Fitness Together | 1984 |
| Year Franchised | |
| Precision Fitness | 0 |
| Fitness Together | 1996 |
| Term Of Agreement | |
| Precision Fitness | |
| Fitness Together | 10 years |
| Renewal Fee | |
| Precision Fitness | |
| Fitness Together | 25% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Precision Fitness | |
| Fitness Together | Industry experience |
Financing Options |
|
| Franchise Fees | |
| Precision Fitness | |
| Fitness Together | |
| Start-up Costs | |
| Precision Fitness | |
| Fitness Together | |
| Equipment | |
| Precision Fitness} | |
| Fitness Together | |
| Inventory | |
| Precision Fitness | |
| Fitness Together | |
| Receivables | |
| Precision Fitness | |
| Fitness Together | |
| Payroll | |
| Precision Fitness | |
| Fitness Together | |
Training & Support |
|
| Training | |
| Precision Fitness | |
| Fitness Together | Classroom Training: 40 hours |
| Support | |
| Precision Fitness | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Precision Fitness | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Precision Fitness | |
| 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 | |
| Precision Fitness | |
| 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 | |
| Precision Fitness | |
| Fitness Together | |
| International Expansion | |
| Precision Fitness | |
| Fitness Together | |