At a Glance
Products & Services: Development/fitness programs
Number of Locations: 292
Total Investment: $159.5K - $394K
Began Franchising: 1992
About The Little GymAfter teaching grade school in public schools for years, Robin Wes used his physical education, psychology and motor development degrees to open The Little Gym in 1976. Although it started out focusing on physical education, the program has evolved to focus on children's intellectual and social development as well.
Today Little Gym offers programs for various age levels, including Parent & Child, Developmental Gymnastics, Karate and Sports Skills Development. Franchises also hold birthday parties, summer camps, Creative Crafts Adventures and Parent's Survival Nights.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $49,500 - $69,500
Ongoing Royalty Fee: 8%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $20,000 off franchise fee
Financial RequirementsNet Worth: $300,000
Liquid Cash Available: $75,000 - $100,000
Operations23.5% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5 - 7. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|Financing Type||In-House||Third Party|
How This Franchise Supports Franchisees
- To Franchisees, McDonald's Arches Aren't Looking So Gold
- Does the Franchise Industry Have a Turnover Problem?
- NYC Papa John's Pizza Franchisee Sued for $2 Million
- Franchise Players: A Former Cop Takes On Running a Cleaning Franchise
- Franchise Players: How Being Forced to Fire Myself Led to My Career in Franchising