Fitness Together

Personal fitness training

Background

Founded: 1984 Franchising since: 1996
Founded by Rick Sikorski in 1983, Fitness Together offers personal training sessions to clients between the ages of 15 and 80. The company, which began franchising in 1996, operates franchised studios across the United States.
9092 Ridgeline Blvd., #A
Highlands Ranch, CO 80129
Phone:
(303)663-0880


Franchisor is a privately-held company with 14 employee(s); 14 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 401 3 5 3
2007 355 5 5 1
2006 261 3 1 0
2005 176 0 0 1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Australia/new zealand, Canada, Central america, Eastern europe, Middle east, Mexico, South america, Western europe

Exclusive territories available.
Territory size: 3-mile radius and/or 80,000 population base

Costs and Fees

Total investment: $141.8K-234.1K
Franchise fee: $34K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $50K-70K

Operations
  • 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)

Training and Support

Training
  • Available at headquarters: 4-5 days

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Other marketing support
  • Teleconferences

Rankings

Franchise 500® rank:
#100 (2009); #78 (2008); #77 (2007); #118 (2006); #259 (2005);

Fastest-Growing Franchises:
#68 (2009); #41 (2008); #41 (2007); #53 (2006);

America's Top Global Franchises:
#79 (2009); #83 (2008); #72 (2007); #96 (2006); #178 (2005);


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