- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$56K - $115K
- Units as of 2020
-
35 25.0% over 3 years
IM=X Pilates and Fitness is a boutique fitness business based in Clinton, Connecticut. IM=X Pilates and Fitness studios are expected to aim to help clients achieve their desired results swiftly regardless of goals, age, and fitness level.
IM=X Pilates and Fitness was founded in 1994. In 2003, IM=X Pilates and Fitness began its franchising efforts. Since then, IM=X Pilates and Fitness has expanded to more than 25 franchises and is seeking new franchisees throughout the United States. The company also has several international opportunities.
Why You May Want to Start an IM=X Pilates and Fitness Franchise
IM=X Pilates and Fitness is looking for franchisees to operate a franchise business while maintaining physical fitness, independence, and a flexible schedule. Opening an IM=X Pilates and Fitness franchise may be an excellent option if you wish to positively influence your community through fitness.
Whether you’re a fitness expert, a pilates fan, or a savvy investor, you may be qualified to open an IM=X Pilates and Fitness franchise. The company accepts all types of people who are excited to enter the industry of boutique fitness. An ideal franchisee is well-organized, has a passion for fitness and assisting others, and desires to live a physically healthy lifestyle. Franchisees can be hands-on owner-operators or hire studio managers and practice absentee ownership.
What Might Make an IM=X Pilates and Fitness Franchise a Good Choice?
The “IM=X” part of IM=X Pilates and Fitness, which resembles a mathematical equation, stands for Integrated Movement Xercize. IM=X Pilates and Fitness use this symbol to show that the studio incorporates cardio, strength training, and other physical disciplines with the time-tested field of pilates to help customers feel good and tackle life.
To be part of the IM=X Pilates and Fitness team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
A typical franchise agreement runs for ten years. Franchisees may be allowed to renew their agreement at the conclusion of the contract if they meet the IM=X Pilates and Fitness requirements.
How To Open an IM=X Pilates and Fitness Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Research your local area to see if an IM=X Pilates and Fitness franchise would do well in your community. As part of your due diligence, you may want to speak to existing franchisees and ask the IM=X Pilates and Fitness franchising team questions.
If awarded a franchise, franchisees may receive support from IM=X Pilates and Fitness throughout the franchising process. In addition to the equipment package, the Xercizer, franchisees may receive support through staff certifications, a complete operational and marketing plan, and a proven business model and fitness formula. Franchisees also receive comprehensive business training and ongoing support from a team of experts.
Company Overview
About IM=X Pilates and Fitness
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Fitness , Recreation, Miscellaneous Health Services, Pilates Fitness |
| Founded | 1994 |
| Leadership | Elyse McNergney, Founder & CEO |
| Corporate Address |
24 W. Main St., #211 Clinton, CT 06413 |
| Social | Facebook, Twitter, Instagram |
Business Overview
| Franchising Since | 2003 (21 years) |
|---|---|
| # of employees at HQ | 5 |
| Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
| # of Units | 35 (as of 2020) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a IM=X Pilates and Fitness franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$30,000 - $42,000 |
|---|---|
|
Initial Investment
|
$55,800 - $115,245 |
|
Net Worth Requirement
|
$200,000 |
|
Cash Requirement
|
$200,000 |
|
Veteran Incentives
|
30% off franchise fee |
|
Royalty Fee
|
6%+ |
|
Ad Royalty Fee
|
$150/mo. |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | IM=X Pilates and Fitness has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 40 hours |
|---|---|
| Ongoing Support |
Toll-Free Line
Grand Opening
Online Support
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 2-8 |
|
Are exclusive territories available?
|
Yes |
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