Start-Up Costs and Fees |
||
| Team Spirit Fitness Centers | HOTWORX Studio | |
| Investment | 69000 - 69000 | 188070 - 351885 |
| Franchise Fee | ||
| Royalty Fee | 6% | $550/mo. |
| Advertising Fee | ||
| Year Founded | 2002 | 2016 |
| Year Franchised | 2004 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Team Spirit Fitness Centers | HOTWORX Studio | |
| Experience | ||
Financing Options |
||
| Team Spirit Fitness Centers | HOTWORX Studio | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Team Spirit Fitness Centers | HOTWORX Studio | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 5 days | |
| Support | ||
| Marketing | ||
| Operations | * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is NOT allowed. | |
Expansion Plans |
||
| Team Spirit Fitness Centers | HOTWORX Studio | |
| 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 | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
| Franchise Fee | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
| Royalty Fee | |
| Team Spirit Fitness Centers | 6% |
| HOTWORX Studio | $550/mo. |
| Advertising Fee | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
| Year Founded | |
| Team Spirit Fitness Centers | 2002 |
| HOTWORX Studio | 2016 |
| Year Franchised | |
| Team Spirit Fitness Centers | 2004 |
| HOTWORX Studio | 2017 |
| Term Of Agreement | |
| Team Spirit Fitness Centers | 5 years |
| HOTWORX Studio | |
| Renewal Fee | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
Business Experience Requirements |
|
| Experience | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
Financing Options |
|
| Franchise Fees | |
| Team Spirit Fitness Centers | No |
| HOTWORX Studio | No |
| Start-up Costs | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
| Equipment | |
| Team Spirit Fitness Centers} | |
| HOTWORX Studio | |
| Inventory | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
| Receivables | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
| Payroll | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
Training & Support |
|
| Training | |
| Team Spirit Fitness Centers | * Available at headquarters: 2 weeks * At franchisee's location: 5 days |
| HOTWORX Studio | |
| Support | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
| Marketing | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
| Operations | |
| Team Spirit Fitness Centers | * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is NOT allowed. |
| HOTWORX Studio | |
Expansion Plans |
|
| US Expansion | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | 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 | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |
| International Expansion | |
| Team Spirit Fitness Centers | |
| HOTWORX Studio | |