- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$37K - $277K
- Units as of 2019
-
694 63.3% over 3 years
Company Overview
My Gym offers movement, tumbling and exercise classes for children aged 3 months to 9 years.
About My Gym Children's Fitness Center
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Fitness Programs, Miscellaneous Children's Businesses, Fitness |
| Founded | 1983 |
| Parent Company | Gym Consulting LLC |
| Leadership | Cory Bertisch, CEO |
| Corporate Address |
15300 Ventura Blvd., #523 Sherman Oaks, CA 91403 |
| Social | Facebook, Twitter, Instagram |
Business Overview
| Franchising Since | 1995 (29 years) |
|---|---|
| # of employees at HQ | 30 |
| 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 | 694 (as of 2019) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a My Gym Children's Fitness Center 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
|
$25,000 - $55,000 |
|---|---|
|
Initial Investment
|
$36,760 - $277,200 |
|
Net Worth Requirement
|
$100,000 - $200,000 |
|
Cash Requirement
|
$35,000 - $65,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
7-8% |
|
Ad Royalty Fee
|
1% |
|
Term of Agreement
|
12 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 | My Gym Children's Fitness Center has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 40 hours |
|---|---|
| Classroom Training | 17 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 6-10 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where My Gym Children's Fitness Center landed on this year's Franchise 500 Ranking versus previous years.
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