Start-Up Costs and Fees |
||
| The Mad Science Group | Nexgym | |
| Investment | 74050 - 110459 | 213000 - 397000 |
| Franchise Fee | 0 | |
| Royalty Fee | 8% | 6% |
| Advertising Fee | ||
| Year Founded | 1985 | 2005 |
| Year Franchised | 1995 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Mad Science Group | Nexgym | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| The Mad Science Group | Nexgym | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The Mad Science Group | Nexgym | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Regional advertising | |
| Operations | Franchise can be run from home. 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 30 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) | * 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 |
||
| The Mad Science Group | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Mad Science Group | |
| Nexgym | |
| Franchise Fee | |
| The Mad Science Group | |
| Nexgym | |
| Royalty Fee | |
| The Mad Science Group | 8% |
| Nexgym | 6% |
| Advertising Fee | |
| The Mad Science Group | |
| Nexgym | |
| Year Founded | |
| The Mad Science Group | 1985 |
| Nexgym | 2005 |
| Year Franchised | |
| The Mad Science Group | 1995 |
| Nexgym | 2006 |
| Term Of Agreement | |
| The Mad Science Group | 25 years |
| Nexgym | 10 years |
| Renewal Fee | |
| The Mad Science Group | |
| Nexgym | 25% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| The Mad Science Group | Industry experience General business experience Marketing skills |
| Nexgym | |
Financing Options |
|
| Franchise Fees | |
| The Mad Science Group | No |
| Nexgym | No |
| Start-up Costs | |
| The Mad Science Group | |
| Nexgym | |
| Equipment | |
| The Mad Science Group} | |
| Nexgym | |
| Inventory | |
| The Mad Science Group | |
| Nexgym | |
| Receivables | |
| The Mad Science Group | |
| Nexgym | |
| Payroll | |
| The Mad Science Group | |
| Nexgym | |
Training & Support |
|
| Training | |
| The Mad Science Group | |
| Nexgym | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Support | |
| The Mad Science Group | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Nexgym | |
| Marketing | |
| The Mad Science Group | Co-op advertising, Regional advertising |
| Nexgym | |
| Operations | |
| The Mad Science Group | Franchise can be run from home. 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 30 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
| 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 | |
| The Mad Science Group | |
| 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 | |
| The Mad Science Group | |
| Nexgym | |
| International Expansion | |
| The Mad Science Group | |
| Nexgym | |