My Gym Children's Fitness Center

#372

At a Glance

Products & Services: Children's early learning/fitness program & facility

Number of Locations: 223

Total Investment: $34.25K - 236.25K

Founded: 1983

Began Franchising: 1995

Private Owned

About My Gym Children's Fitness Center

My Gym was founded in 1983 when partners Yacov and Susie Sherman and Bill Caplin opened their first centers in Van Nuys and Santa Monica, California. The founders soon expanded their business throughout Southern California and there are now locations throughout the United States.

My Gym offers movement, tumbling and exercise classes for children aged 3 months to 9 years.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2011	152	3	67	1
2010	158	3	41	0
2009	166	3	28	0
2008	179	1	19	0

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $34,250 - $236,250
Franchise Fee: $25,000 - $55,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 12 years, renewable

Financial Requirements

Liquid Cash Available: $35,000 - $50,000

Operations

Franchise can be run from home. 20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 - 10. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).