Franchise Fees
Initial fee of $55,000
Monthly royalty fee equal to 6% of gross revenues
Fees and royalties pay for: the license to use the trade names, area selection & lease assistance, initial construction & space planning, training, operations materials, ongoing research & development of new services & products, continuing assistance & support, and other services related to owning, opening and operating a My Gym.
Franchise Investment
The required investment ranges from $143,400 - $222,750.
Advertising
Each franchise contributes 1% of gross revenues to the Advertising Fund. The Fund is used to build name recognition and regional and national reputation.
Exclusive Territory, Site Analysis and Lease Negotiation
Franchisees are granted exclusive local territories in which no other My Gym facility will be sold.
Locations are determined on the basis of demographic analysis, geographic analysis, and community trends.
Proprietary Products and Supplies
All items are available to franchisee at lowest researched rates.
Term
The franchise term is for 12 years and continually renews for the same period of time.
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