Fitness Together --
Frequently Asked Questions
Click Question to view Answer.
1. What is involved in the process for a franchise candidate?
2. How much does a Fitness Together franchise costs?
3. What qualifications does Fitness Together seek in its
potential franchisees?
4. What financing options are available?
5. Can I open a Fitness Together franchise if I do not have all the required
finances in liquid assets?
6. What locations are available in my State? Country?
7. How much money can I make?
1. What is involved in the process for a franchise candidate?
A telephone
meeting is set to determine if the candidate is qualified.
Qualified candidates receive an information packet,
which includes an informative CD.
Candidate completes the franchise application and
a second telephone meeting is set to answer a few
of the candidates questions and determine a time
to come to Denver, Colorado.
Candidate and investors come to Denver for a formal,
face to face meeting. During this meeting, will have
the opportunity to visit a local Fitness Together
facility. We will also discuss all aspects of our
franchise model including software, manuals, site
selection, lease negotiation, studio set-up process,
marketing and advertising, financing, and a plan
for the future. Each candidate will receive our Offering
Circular to take home and review.
Candidate begins the franchising process with payment
for the initial franchise fee and a signed agreement.
2. How much does a Fitness Together franchise costs?
Typically,
the initial investment for a Fitness Together franchise
ranges from about $150,450 - $201,700. The area of
the country, size of the facility, pre-opening expenses,
tenant improvement costs, signage, and other misc.
costs will effect the new franchise total costs.
The franchise fee for the business model is $34,000,
which is included within the initial investment total.
The royalty payment is 6% of the monthly gross revenue.
3. What qualifications does Fitness Together seek in its potential franchisees?
Fitness Together seeks qualified applicants
to own and operate its franchises. The following
qualifications,
along with others, are necessary to be considered
for Fitness Together franchise:
A desire to help people
An entrepreneurial spirit
The ability to motivate and train people
A willingness to devote 100% of your efforts to the
daily operations of the facility as an on-site owner
A willingness to complete a comprehensive training
program to learn all aspects of operating a Fitness
Together business
Proper financial resources
4. What financing options are available?
Typically,
franchise owners do one or a combination
of the following to obtain financing:
Home Equity Loan
Obtain a loan through a bank (SBA, or Conventional)
- with cash injection of 30%
Borrow against 401K, IRA, or other accumulated
assets.
Borrow from a friend or family member.
Business partner
5. Can I open a Fitness Together franchise if I do not have all the required finances in liquid assets?
In
limited cases, we may be able to assist you
in finding financing. You must have at least
$50,000 to put toward this endeavor. After
completing a Fitness Together franchise application,
we can discuss with you these financing options.
6. What locations are available in my State? Country?
The availability
of franchises in
specific geographic
markets
must
be discussed with
a representative from Fitness Together
Franchise Corporation. Fitness Together
cannot predict
which locations will be available at
any given time. Locations are available
on
a "first to pay gets first choice" basis.
We are averaging 10-15 new franchise
sales per month worldwide.
7.
How much money can I make?
Profitability varies based upon a number
of factors. These factors include, but are
not limited to sales, location, occupancy
and operating costs, leadership, and the
ability to properly manage and operate the
business.
Ownership Brings
We are committed to helping our franchise
owners establish the best personal training
service throughout the world. Our business
experience and operational systems has proven
to help entrepreneurs grow their businesses
quickly, efficiently, and successfully.
1. Nationwide Locations - Fitness Together
is now the largest personal training organization
in the world. With new locations opening
each month, Fitness Together is associated
with the best in 1-on-1 fitness training.
Being part of a bigger picture enhances credibility,
increases the employment and growth opportunities,
and can be exciting as you compete for top
honors.
2. Site Selection - When you buy a Fitness
Together franchise, we take the guesswork
out of the site selection process. First,
we will conduct demographic studies within
your area of interest. We will then assist
you in finding the ideal location for your
studio.
3. Lease Negotiation - Many people are inexperienced
in the area of leasing and lease negotiation
and often end up paying much more than they
need to with little or no concessions. Whether
you are in Oklahoma or New York City, our
experience dealing with building agents and
property owners allows us the ability to
protect your interests in negotiating a favorable
lease.
4. Studio Layout - Our CAD system will give
you computerized drawings to help you choose
the best, most efficient layout for your
studio.
5. Studio Start-Up - With hundreds of items
to take care of prior to opening the studio,
it is very difficult, if not overwhelming,
to continue working while preparing to open
a studio. Our experienced staff will work
with you to make the entire process easy.
6. Save Money in Negotiations - Many areas
of business involve negotiations. We will
help you save money in startup costs, insurance,
advertising contracts, employee costs and
in many other areas.
7. Operational Manual - With many years of
experience in operating personal training
studios, we have created a Keys to Success
manual for franchise owners. This will act
as your blue print to success and provide
you tips, strategies, and systems that are
proven to work.
8. Test Marketing - We continue to test
ideas and strategies at two or three test
locations in order to provide all of our
franchise locations with the latest and most
effective methods of growing their businesses.
9. Marketing - Direct mail pieces, strategic
business partnerships, referral cards, trainer
incentives and other marketing programs have
been created and tested to increase your
client base. We provide each franchise owner
with an initial 12-month marketing plan.
10. Advertising - We can help you in knowing
what to do to build your business quickly.
Without some assistance it will become very
costly to experiment with many advertising
strategies in your area. In addition, we
have spent thousands of dollars to have a
startup advertising campaign prepared for
you. The fees for models, design, layout,
photography, and creativity have already
been paid.
11. Monthly Newsletter - The corporate office
takes the time to prepare a newsletter each
month with informative articles, training
tips, nutritional tips and recipes. We prepare
it for you so you can focus on growing your
business.
12. Franchise School - During our training
program, you will be taken through the important
processes in running your own business. All
aspects of the Fitness Together program are
systematized to make it easy for you. Hundreds
of hours of trial and error over the last
20-plus years resulted in a comprehensive
training program complete with practical
experience at an existing Fitness Together
studio.
13. Customized Software - Our Fitness Together
software allows you to accurately track client
sessions, client data and payments to help
you stay organized. We can even print weekly
reports providing client's Birthdays, Anniversaries
and other necessary information to run your
business successfully.
14. Managing Employees - Having employees
can be very challenging. We will share with
you our 20-plus years of employee relations
and equip you with the tools you need to
build a quality team (who to hire, how many
to hire, how to keep them motivated, non-compete
agreements, etc). We have a very successful
Producer to Leader program in place that
we will share with you and allow your staff
to participate in. This program builds loyalty
to you as the owner and to Fitness Together
as a company. In your training, you will
learn important information about managing
employees.
15. Job Board - Our job board provides a
platform for our franchise owners to recruit
and hire the top trainers and managers in
the country.
16. Toll Free Help Line - Call us toll free
with any questions. It is comforting to know
that with a quick call you can talk to someone
with many years of experience to provide
you with an option, a strategy or even a
little encouragement.
17. Internet Exposure - Many clients contact
us through our website daily to get started
in a training program. The site is continuously
updated to be more helpful in the growth
of all franchise locations.
18. Internet Message Board - Our website
contains a message board with various topics
allowing franchise owners to share ideas
and interact with each other. It's nice to
know you're part of a team!
In making the decision to own your own studio,
we ask you to carefully consider the benefits
we offer in a Fitness Together franchise
above. We have confidence in our program
because we have watched it work successfully
over time. |
THIS IS NOT AN OFFER TO SELL A FRANCHISE. THE FRANCHISE LISTED ON THIS WEBSITE IS OFFERED ONLY BY THE DELIVERY OF A FRANCHISE OFFERING CIRCULAR TO YOU IN COMPLIANCE WITH THE FEDERAL TRADE COMMISSION'S RULE ON FRANCHISING AND VARIOUS STATE FRANCHISE SALES LAWS. |